High-tech firms are witnessing a rapid evolution with accelerated innovation phases and the emergence of new digital technology use cases. While generative AI, virtual reality, and quantum computing have touched both high-tech manufacturing and services, product servitization has been an emerging trend to improve revenue and reach.

HCLTech is helping high-tech firms align with these market drivers by utilizing its innovation-centric approach, consisting of design and co-innovation labs, incubation centers, and investments in domain startups through venture capital firms. Its proprietary solutions and platforms for the high-tech industry help clients develop SaaS strategies to combat rising capital and operational expenditure. Additionally, its IoT and digital twin capabilities help clients establish robust factory operations. Furthermore, it leverages its robust partnerships with cloud and AI providers, networking firms, and semiconductor manufacturers to explore codevelopment opportunities.

HCLTech’s portfolio of high-tech industry-specific solutions and innovation capabilities, primarily for new use case development and cost optimization, and strategic partnerships with industry consortiums and niche high-tech firms has placed it as a leader in Avasant’s High-Tech Digital Services 2023–2024 RadarView.

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