New Wipro \u2013 Outsourcing Center Trend Report highlights innovative strategies for R&D Outsourcing
\nIndicates building a \u2018global innovation network\u2019 through R&D outsourcing<\/p>\n","protected":false},"excerpt":{"rendered":"
Bangalore, August 08, 2006
\nWipro Technologies, the Global IT Services Division of Wipro Limited (NYSE:WIT), today announced that findings from a survey, conducted jointly with Outsourcing Center, on trends in outsourced R&D revealed that global organizations see an increased value from outsourcing R&D functions and believe that it provides an opportunity to improve time to market. The survey, which was conducted among CTOs of global companies who are subscribers of Outsourcing Center portal, sought to understand key drivers to outsource R&D and how this aligned with their overall R&D strategy.<\/p>\n
The study revealed that the greater value that companies see in R&D outsourcing is the opportunity it provides to tap into worldwide skills and capabilities to improve existing products and services and accelerate new R&D. The study also revealed that selecting an R&D partner with a deep knowledge of emerging markets and new geographies will enhance the value that companies can achieve through their outsourcing strategy.<\/p>\n
Commenting on the report, Debra Floyd, COO, Outsourcing Center said, \u201cThis study indicates a strategic change that is taking place in the way companies are looking at their R&D and new product development strategies. There is an increased trend of companies partnering with various outsourcing providers to achieve faster time to market and more cost-effective innovation. There is clearly an increase in companies adopting a collaborative model of product development to be able to stay competitive in a global marketplace.\u201d<\/p>\n
\u201cAs the world\u2019s largest independent R&D Services provider, we have been spearheading the emergence of a \u2018global innovation network\u2019 where we work with the principal as well as several partners across the complete product development lifecycle starting from product strategy to IP development, embedded engineering and chip design right up to building a prototype of the finished product\u201d, said Ramesh Emani, President, Product Engineering Solutions, Wipro Technologies. \u201cIncreasingly, we are playing the role of an aggregator and not just a vendor, in some cases even partnering on a \u2018risk-sharing\u2019 compensation model\u201d, he added.<\/p>\n
The research polled close to 100 subscribers at the Outsourcing Center portal during March 2006. The results were based on inputs from Chief Technology Officers, Product Managers and Engineering Managers on the following: <\/p>\n
\u2022 Access to 24\/7 global R&D processes
\n\u2022 Ability to exploit pools of skilled labor
\n\u2022 Reduced R&D costs
\n\u2022 Reduced time to market for innovations
\n\u2022 Ability to tailor goods and services to particular markets<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-42","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/citynews.co.in\/index.php?rest_route=\/wp\/v2\/posts\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citynews.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citynews.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citynews.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/citynews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42"}],"version-history":[{"count":0,"href":"https:\/\/citynews.co.in\/index.php?rest_route=\/wp\/v2\/posts\/42\/revisions"}],"wp:attachment":[{"href":"https:\/\/citynews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citynews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citynews.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}