The ET round table that was held at the Nasccom summit in Mumbai on Friday shared a general view that as the digitalisation is growing and there is a growing demand for digital products and businesses a major and meaningful part of the revenue will be shared by the legacy technology-based services and products.
There was a discussion held by CP Gurnani of Tech Mahindra, Keshav Murugesh of WNS Global Services and Cyient BVR’s Mohan Reddy about the legacy businesses as the companies were moving on to updating their software, applications and other things when the focus was to emerge technologies like machine learning, artificial intelligence, cyber security, quantum computing, IoT, cloud, block chain in the entire industry.
Tech Mahindra managing director Gurnani says that the old software have not extinguished as the people have always thought and its mainframe still exists in the enterprises. He says that adoption of digital technologies and is not a new thing and there is just a replacement to do the task in a better and optimized fashion. When there is emergence of something new, it has only created an increase in the market demand. Tech Mahindra has reported a 10.6-percentage-point increase in digital revenue in the quarter through December from three months earlier, accounting for 41% of overall revenue.
Cyient chairman Reddy says that rather than replacing the existing software and hardware infrastructures the clients of the engineering and technology Solutions Company were continuing to improve upon their legacy software and hardware.
There are a few areas where the old technology has to be completely removed and replaced with the new one but otherwise the old software is been augmented and they will work with each other. They do not dump off the old design works and asking to make new products he says.