Operating context
growth opportunities
Cloud
computing
Industries are increasingly recognizing the importance of establishing a dedicated location for organizing and safeguarding their digital assets and information. The presence of a secure and comprehensive platform has become nearly indispensable. Cloud computing has emerged as the preferred choice for companies seeking to enhance their digital operations and streamline efficiency. The rising popularity of multi-cloud and hybrid cloud solutions can be attributed to businesses' desire to distribute their workloads across various cloud providers and on-premises infrastructure. It enables businesses to take advantage of the strengths of different cloud providers whilst maintaining control over their data and applications. According to Gartner, the worldwide end-user spending on public cloud services is forecast to grow 21.7% to total USD 597.3 Billion in 2023, up from USD 491 Billion in 2022.
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Worldwide end-user spending on public cloud services in 2023
Our response
- LTIMindtree’s cloud transformation platform provides speed, scale, and consistency. Our intelligence and simulation engine is powered by a centralized knowledge base built through application telemetry and monitoring across the value chain enabling multi-cloud management and governance. The platform also brings together several key constructs across the cloud lifecycle to deliver amplified outcomes.
Traversing
the AI journey
Across various sectors, there is an ongoing trend of advancing and embracing AI technologies. These intelligent systems are continuously enhancing their comprehension of the world, enabling them to effortlessly handle intricate tasks. Whether it pertains to scaling operations, optimizing performance, or ensuring data security, the utilization of Adaptive AI is becoming increasingly prevalent in numerous industries. As per Gartner's projection, by 2026, enterprises that have implemented AI engineering practices to construct and oversee adaptive AI systems will surpass their counterparts in effectively operationalizing AI models by a minimum of 25%.
Our response
- LTIMindtree’s KenAI addresses the core tasks of scaling, managing, and governing the models on cloud data platforms. It provides a complete playbook to standardize, streamline and accelerate your AI journey using inbuilt tools and utilities.
Strong push towards
sustainability
The foundation for attaining sustainable objectives lies in traceability, analytics, and renewable energy. Businesses in emerging markets have rapidly embraced mainstream practices and are even pioneering innovative approaches in this vital realm of sustainability. As we transition to a more interconnected and circular economy, the prosperity of enterprises will increasingly rely on generating positive social and environmental impacts. In the years ahead, there will be a heightened emphasis on raising awareness about green practices and leveraging technology to intersect sustainability-focused performance metrics, enabling businesses to advance their goals. According to fortune business insights, the global green technology and sustainability market size is projected to grow from USD 16.50 Billion in 2023 to USD 61.92 Billion by 2030, at a CAGR of 20.8%.
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Global green technology and sustainability market size in 2030
Our response
- We have been named a global ‘Supplier Engagement Leader’ by CDP, in recognition of our efforts towards measuring and reducing Scope 3 emissions within the supply chain and driving the transition towards a sustainable net-zero future.
Cybersecurity and
data privacy
The unstoppable rise of digitalisation, connected devices and connectivity services means an increased focus on data privacy and the threats posed by cybercrime. Cyberattacks are becoming increasingly sophisticated, prompting businesses and individuals to heighten their awareness of cybersecurity and bolster their security measures. In the future, the pervasive impact of cybersecurity will touch everyone's lives. Customers seek reliable providers who can assist them in preparing for, detecting, mitigating, and managing threats in a trustworthy manner. According to Cybersecurity Ventures, the cost of cybercrime is predicted to hit USD 8 Trillion in 2023 and will grow to USD 10.5 Trillion by 2025.
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Cost of cybercrime in 2025
Our response
- At LTIMindtree, we follow a customer-centric approach to create cybersecurity solutions that help our clients build resilient enterprises. We offer platform-based enterprise cybersecurity solutions, which are proactive, prescriptive, and cognitively autonomous.