Insights

Indian IT services industry grew 8.7 per cent in the financial year 2016/17, the slowest in more than a decade. However, Sonata Software, based in Bengaluru reported a top-line growth of 29 per cent. It was not a mere case of the revenue base being smaller although that played a role.

The new digital transformation offering 'Platformation' aims to help businesses move towards platform based business models backed by technology says Sonata Software CEO & MD Srikar Reddy

Sonata Software is all set to formally launch its new digital business transformation offering 'Platformation' in the next few months. This offering is designed and built with the primary focus on enabling businesses and organizations to adopt technology backed new business models and drive digital transformation.

The impact of technology on business is there for all to see — ‘born digital’ companies such as Amazon, Airbnb, Uber and Alibaba have built multi-billion dollar business at a never-before-seen speed in the corporate world. In achieving this, they fundamentally disrupted many traditional industries and posed a serious challenge to some of the long-established companies in their field. The success of these companies makes it clear that there is a qualitative difference in the way leaders need to think about this new inflection point in how business and technology are shaping up.

In less than two days, a galaxy of experts from varied fields ranging from Computer Science to Economics will gather at the Indian Institute of Science, Bangalore, India to discuss the one phenomenon that has been a true game-changer of our times – the Internet.

The 13th edition of the Conference on Web and Internet Economics (WINE), scheduled to be held from December 17-20, 2017 in Bangalore, promises to be an excellent interdisciplinary forum to exchange thoughts and ideas and gain insights on the impact of Internet economics.

What is common to the most successful companies in today’s digital era? Whether it is Apple, Facebook, Amazon or Alibaba, they all use a platform strategy to power their business model. Infact, a Harvard Business Review study done earlier in 2017, showed that digital transformation is paying off for those firms that embrace it.