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Tag: Fujitsu

  • Brand Finance valuation Report 2025: Three Indian firms in top 10 IT list

    Brand Finance valuation Report 2025: Three Indian firms in top 10 IT list

    MUMBAI:  Indian information technology (IT) firms are rocking it, and how. What started as a dream project to build India’s IT capabilities some 30-40 years ago has yielded dividend in a manner possibly not imagined. Take a look at the brand valuation consultancy  Brand Finance Global 500 and IT Services Top 25 reports. At least three Indian firms figure in the top 10 IT firms list.

    The report also reveals that the value of the top 25 IT services brands has surged to $163 billion, spurred by increased corporate spending and demand for advanced technologies, particularly artificial intelligence (AI). Top 10 IT Services providers as per the report  are (in alphabetical order) — Accenture, Capgemini, Cognizant, Fujitsu (IT Services), HCLTech, IBM Consulting, Infosys, NTT DATA, TCS, and Wipro.

    Accenture retains its title as the world’s most valuable IT services brand for the seventh consecutive year, with a brand value of $41.5 billion. It also claims the title of the strongest brand, surpassing IBM Consulting, and has secured $3 billion in new generative AI bookings over the past year. Its rise in brand strength is largely driven by its exceptional familiarity and market presence, particularly in the US, where it commands the highest familiarity levels among the top 25 brands. Accenture’s robust competitive position is further reflected in its top score for consideration in both Europe and the US.

    TCS follows as the second most valuable IT services brand, with a brand value of $21.3 billion, bolstered by investments and its association with marathons and other high-profile sports events worldwide. From sponsoring iconic races like the TCS New York City Marathon and the TCS Sydney Marathon (its latest acquisition in 2024), to partnering with Jaguar TCS Racing in Formula E, TCS has cemented its global presence by using sports as a dynamic platform to connect with diverse audiences while highlighting its transformative digital solutions.

    HCL GuatemalaTCS chief marketing officer Abhinav Kumar said:  “As we kick off a new year in 2025 with the World Economic Forum at Davos, we are delighted to see our brand cross this major landmark and cement its position in the top tier of our industry. We have been a strategic partner to WEF for 15 years and in this period our brand has nearly grown ninefold in value and is known globally for being a leader in innovation, the ability to deliver the most complex technology work in the world, and in creating long term partnerships of value with our clients. My thanks to the hundreds of thousands of TCSers who proudly build and live this great brand every second. We are all in it for the long run.”

    Infosys, valued at $16.3 billion, ranks as the third most valuable brand, boasting the highest compound annual growth rate (CAGR) of 18 per cent among IT services brands over the past five years. Bolstered by the robust leadership of CEO Salil Parekh, Infosys has redoubled its relevance in the AI-first world and consistently delivered strong performances and innovation in the rapidly evolving digital services landscape.

    HCLTech is recognised as the fastest-growing IT services brand in 2025, achieving an impressive 17 per cent increase in brand value to $8.9 billion, driven by significant deal wins and early adoption of AI technologies. This growth is fuelled by its strong financial performance driven by a series of mega deal wins across diverse industries and geographies in 2024, the continued positive momentum of its successful brand transformation and its early leadership in AI/GenAI business. HCLTech’s AI offerings have created a lot of stickiness in the market, the company having entered the space almost a decade ago and having strong AI partnerships with all the leading Technology OEMs and Hyperscalers.

    “FY24 saw HCLTech deliver solid market performance with our revenue growth rate the highest among tier 1 global IT services companies and our early leadership in the AI and GenAI space. This exceptional performance is directly mirrored in our brand valuation, showcasing the strong correlation between our business achievements and our brand’s market perception,” said HCLTech chief marketing officer Jill Kouri..

    “Our global purpose-driven strategy is paying off great results. HCLTech’s fastest brand value growth reflects the continued relevance and stickiness of our company’s value proposition to all its stakeholders, driven by bringing together the best of technology andour people to supercharge progress,” added HCLTech global head of brand  Zulfia Nafees.

    Sustainability is increasingly influencing brand reputation, accounting for 17.5 per cent of decision-making in the sector. Accenture leads in this area with the highest Sustainability Perceptions Score among the top 25 brands, reflecting its commitment to ethical management and social responsibility.
     

    Infosys CEO

    Infosys’ Parekh, for the second year in a row, has topped the IT services ranking in Brand Finance’s Brand Guardianship Index (BGI) 2025 for the role of CEO as brand custodian and steward of long-term shareholder value. 

    “Over the past four decades, brand Infosys has been nurtured by our founders and our leadership, carefully balancing purpose, promise and performance. This relentless focus is reflected in the brand’s leadership and steady gains in brand value over the years”, said Infosys global chief marketing officer Sumit Virmani. “We are delighted with Brand Finance’s recognition of Infosys’ continued brand momentum and differentiated value creation for businesses in an AI-first world.” 

    Brand Finance’s findings highlight the critical importance of AI capabilities and sustainable practices for IT service providers aiming to stay competitive in a rapidly evolving market.

  • How AI and Automation are transforming our employment ecosystem

    How AI and Automation are transforming our employment ecosystem

    Mumbai: The recent strides that have been made in the field of Artificial Intelligence have been enabled by the groundbreaking innovations in computing and large language models have been responsible for a big wave of automation in the IT ecosystem. When it specifically comes to the role of AI and automation in transforming the employment ecosystem, following points come to my mind.

    The Impact of AI on Job Functions

    Both AI and automation have impacted the demand and requirement of workforce across varied segments and occupations. In its ‘Future of Jobs’ report, the World Economic Forum (WEF) notes that around 23% of jobs would be disrupted in the next five years. During this period, while 83 million roles are projected to disappear,69 million new ones will emerge – a net deficit of 14 million jobs.[1]

    Although factors such as AI would impact employment, technology will be the biggest driver of job changes. The emergence of generative AI tools is expected to accelerate these changes There will be a long-term trend towards more technology-oriented functions and a growing demand for digital specialists.

    A closer analysis uncovers some positive takeaways. For example, even as AI automates several tasks, it’s the routine, repetitive roles that are automated. AI-driven tools, chatbots and virtual assistants are streamlining workflows and communication while permitting people to pay attention to high-value assignments.

    By automating multiple tasks, AI is generating greater opportunities for the upskilling and reskilling of the workforce. As automation gathers momentum, people are acquiring new skill sets to remain relevant in the employment space. These skills complement AI programming, data analysis and interpretation, machine learning and more. Therefore, new jobs are being created as organisations deploy digital technologies that need skilled people to operate and maintain AI-powered systems.

    AI-driven insights and data analysis enhance the decision-making processes of firms, permitting more well-informed, decisive strategies. Companies are also investing in training programmes to equip the workforce with the requisite skills that meet the requirements of AI technologies.

    The ability of AI to process and analyse massive amounts of data is ensuring higher efficiencies and more productive outcomes.

    As AI is integrated into various workplace functions, multiple issues are gaining prominence, including ethical considerations. In AI decision-making processes, fairness, transparency and accountability are crucial elements. However, while deploying AI, a human-centric approach is vital to make sure that the technology aids and complements human skills instead of replacing them.

    Collaboration, Creativity and Soft Skills

    To obtain optimal results, collaboration between human supervisors and AI tools is imperative to ensure that there is some level of oversight in the functioning of AI tools. Given this need, data scientists, AI engineers,programmers, machine learning specialists and cybersecurity experts, among others, are in great demand as organisations work to leverage AI’s vast potential. Increasingly, AI experts are playing a key role in designing, running and fine-tuning AI-enabled systems.

    Even as concerns arise about the impact of AI on the overall jobs landscape, one cannot overlook the fact that people with high creativity,interpersonal and soft skills will continue to be in demand since there are areas where the human touch is essential.

    As digitalisation grows by the day, organizations and employees who wish to stay future-ready will be required to nurture and develop a broad spectrum of emerging and evolving skills. This is the best way to meet the dynamic demands of the changing workplace environment where both digital expertise and soft skills will hold distinct importance.

    Rather than considering the negative impacts of automation on jobs, it’s in the best interests of employees to embrace the change and upskill. It is important to remember that though some jobs may become obsolete, new roles will emerge simultaneously. This is precisely what happened in banking, e-commerce, and other industries. In the case of e-commerce, although the new industry affected traditional retail roles, it concurrently created new employment and entrepreneurial opportunities in digital payments, logistics, warehousing, and other domains.

    The Advantage of Lifelong Learning

    Keeping these factors in mind, entrepreneurs and employees should adapt to the changing business dynamics to help them retain relevance in the new age economy. Where businesses are concerned, they should invest in digital technologies to stay ahead of ongoing market disruptions. Furthermore, they must invest in trainingas well as learning and development programmes so their workforce can maintain its competitive edge.

    As for employees, they should embrace the concept of lifelong learning to ensure their employability quotient remains high at all times despite digital disruptions. In today’s digital era, agility, adaptability,continuous learning and resilience are the best means for both employees and employers to be future-ready, competitive and relevant at all times.

    The author of this article is Ritsuko Hidaka, Head of JDU – Fujitsu.

     

  • Sectoral wishlists for Budget 2024-25: What industries hope to see

    Sectoral wishlists for Budget 2024-25: What industries hope to see

    Mumbai: The Union Budget for 2024-25, scheduled to be presented on 1 February, is a highly anticipated event for every sector of the Indian economy. From infrastructure, Information technology, telecom, agriculture, healthcare, and human resources to education, stakeholders are eagerly waiting to see how the government’s financial roadmap will impact their industries. This article will delve into the key highlights and expectations for different sector’s industry leaders in Budget 2024-25, based on pre-budget consultations, industry reports, and expert analyses.

    1.      BIF president T V Ramachandran said, “India is undergoing rapid digital transformation on the back of continuous Government reforms. The recently notified Telecommunications Act 2023 is a game changer and will help catalyze the growth of the sector even further.

    As Broadband India Forum, we would like to see the Union Budget 2024-25 focus on three important aspects viz.

    ●        Facilitate affordable Broadband through Satcom through reasonably modest spectrum fees

    ●        Budgetary support for the growth of Public Wi-Fi through waiver of duties & levies on equipment and on revenues

    ●        Budgetary support to incentivize Fiber to the Building +Wi-Fi to enable rapid growth in Fixed Broadband, by way of reduction in statutory fees and levies and exemption of GST on service revenues

    With the above measures, we hope that Union Budget will help accelerate the momentum of the reforms in the sector which has been set by other Government policies & measures”

    2.      Fujitsu global delivery centres head Manoj Nair said, “Major economies across the world are seeing a challenging macroeconomic situation with slowdowns that have affected various industries. Amid this period, it is the tech industry that is leading the charge in recovery with a positive outlook. The demand for IT skills, especially in the new-age technologies – AI, ML, analytics, data science and other digital capabilities continues to surge presenting an opportune time to GCCs to further scale and usher in the next phase of digital revolution in India. India is a leading hub of Global Capability Centers (GCCs) with 1500+ GCCs housed in India that play a crucial role in growth of the tech industry. According to EY, the domestic GCC market size is expected to hit US$110b by 2030 with the number of GCCs  expected to scale to 2400. Over the past few years, there has been a major shift in how GCCs operate – from delivering cutting-edge services to becoming powerful innovation hubs. These GCCs, with their vast trove of STEM talent and heavy investments in technology and upskilling are uniquely positioned to spearhead digital transformation for customers. Our technical capabilities across AI, ML, data science, cloud, automation, enterprise applications are crucial to powering deep research and product development. “

    “Now, as GCCs continue to invest in reskilling talent in the face of evolving tech landscape, building demand-based and niche skills in relevant areas, they are playing a crucial role in employment generation for India. With GCCs being a major engine for economic growth, Budget 2024 can play a key role in facilitating growth and sustainable development. GCCs require support and investment for infrastructure and growth environment. The Budget 2024 can help GCCs further scale and accelerate innovation at a faster rate as India emerges as the world’s technology and services hub.”

    3.      STT GDC India chief financial officer ) Bimal Khandelwal said, “As India charges ahead on its digital transformation journey, the upcoming budget offers a timely window to cultivate a world-class data center ecosystem that steers this advancement. We are hopeful of incentives to spur domestic manufacturing and infrastructure builds specially tailored for data centers’ massive scale and seamless connectivity needs. Attractive capital subsidies for setting up future-ready facilities and easy financing options to offset development costs will unleash growth. We also envision provisions that encourage the adoption of renewable energy to meet data centers’ clean power appetites. Additionally, preferential procurement directives favoring home-grown data centers will provide an upside. With an emphasis on nurturing a cutting-edge domestic data center industry, India can swiftly go up the technology value chain and cement dominance in delivering digital services globally. Having granted an infrastructure tag has remarkably expedited logistics. “

    4.      Fujitsu International Regions HR shared services head Sumit Sabharwal said, “As an HR leader, I eagerly anticipate the 2024 budget, urging the Government of India to prioritize robust investments in skill development. A strategic focus on honing our workforce’s capabilities will propel India’s IT industry to new heights, fostering innovation, and global competitiveness. The India artificial intelligence market size reached $ 680 million in 2022 and further it is expected to reach $3,935.5 million by 2028, showcasing a growth rate (CAGR) of 33.28% between 2023-2028. Data Science and Analytics have emerged as a game-changer across industries, with organizations harnessing data-driven insights to make informed decisions. With exponential growth in the digital realm, this field is expected to witness substantial opportunities in the coming years. The demand for STEM jobs in India has increased by 44% in the last 5 years. STEM skills will be a requirement for 80% of the jobs created in the next decade. To meet the increasing demands for STEM professionals in India’s rapidly growing technology, engineering, and manufacturing sectors, it becomes imperative to offer robust STEM education. For organizations, it has become necessary to provide upskilling and reskilling opportunities to existing employees. The Fourth Industrial Revolution is upon us, and STEM education will align closely with its demands. To keep up with this new information-based and technology-dependent world, India must scale up the innovation ladder with initiatives.”

    5.      Fujitsu JDU head Meghan Nandgaonkar shared his views saying that, “Technology has played an important role in India’s growth story. Our expectation from Budget 2024 furthers to boost technology solutions for sustainable society, green initiatives, agro-tech, etc., Additional focus on skilling initiatives for people engaged in traditional sectors, using technology and online delivery along with incentives for technology companies in Tier 2 and Tier 3 cities.”

  • Mainland China, Taiwan’s exports of broadband products up 55% in 2006

    Mainland China, Taiwan’s exports of broadband products up 55% in 2006

    MUMBAI: Mainland China and Taiwan are expected to export over 54 million broadband communication products in 2006 worth over $2 billion — up 55 per cent year-on-year according to Global Sources’ China Sourcing Report: Broadband Communication.

    Mainland China is expected to ship 22.3 million units in 2006, while Taiwan is projected to export 31.8 million units. Report publisher Mark Saunderson said, “Broadband device manufacturing in mainland China and Taiwan relies heavily on exports. In 2006, sales of broadband products are expected to reach about $2.4 billion, with exports accounting for at least 85 per cent, or more than $2 billion.”

    Despite growing demand, manufacturers say export prices will fall in 2006.

    Among Taiwan makers, 64 per cent expect prices to fall between 10 and 20 per cent. Among mainland China makers, 84 per cent said prices will remain stable or drop by up to five per cent in the months ahead.

    The survey also shows:

    Taipei and Hsinchu are the main manufacturing hubs in Taiwan
    Shenzhen and Dongguan are the key production centers in mainland China

    Taiwan makers are developing voice and multimedia over DSL/cable products, while Mainland suppliers are focusing on faster speed and extended transmission distances

    Makers serve brands and customers worldwide including Dell, Fujitsu, Italy Telecom, LG, Linksys, Lucent, Siemens and Thomson

    China Sourcing Report: Broadband Communication examines manufacturing, technology and pricing trends for cable and digital subscriber line (DSL) modems, gateways, routers, optical networking equipment and related products. It profiles 27 leading suppliers in mainland China and Taiwan, with specifications for 72 best-selling export products.