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    The demand for cloud adoption has increased exponentially: Indium Software's Ram Sukumar

    Synopsis

    With the pandemic, there has been accelerated cloud adoption among key verticals including manufacturing, pharma, retail, BFSI and real-estate.

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    Indium Software is betting big on AI and ML based solutions and is looking to invest heavily in R&D to develop more IP based solutions like teX.ai, Ram Sukumar, CEO & Co-Founder, Indium Software said.

    Ram said organizations have increased their budget on digital transformation and emerging technologies such as Cloud and AI and ML based solutions have created business resilience and have true value to unlock business potential.

    With the pandemic, there has been accelerated cloud adoption among key verticals including manufacturing, pharma, retail, BFSI and real-estate.

    "The demand for cloud adoption has definitely increased exponentially which has been hastened because of the pandemic," Ram said. "From what I have seen, from 5% of Cloud involvement in our projects about four years ago, today almost 30% of our projects involve Cloud adoption across AWS, Azure and GCP and this trend is only on the rise."

    The technology solutions company said it is targeting $30 million revenue by 2021 and currently has 90% of its business coming in from overseas. Further, the company is looking to invest in ‘Indium Academy’ and take up a new facility to train and nurture talent while also hiring over 250 entry level engineers over the next 6 months.

    "With the global IT services market expected to grow at a CAGR of 26 percent between 2020 and 2025, Indium also plans to increase its business from 10% to 20% in the UK, Europe and APAC regions in the coming years. We recently opened a new office in Singapore in 2019," Ram said.

    While speaking of the impact of Covid-19, he said that getting the company's 1100+ associates to work remotely was the biggest hurdle.

    "Logistic challenges arose as expected initially, but were stabilised in due time. We also had a client-specific impact on our business in April, which was also resolved and we are now in full growth mode. Indium expects to grow by 30% this year despite Covid-19," he said.

    He said the 2018 merger with Noah Data helped widen Indium’s solution and was one of the factors that helped through the pandemic period.

    "Post the merger, we accelerated our growth through digital solutions which makes up close to 40% proportion of Indium’s total revenue this year and expected to go to 55-60% of the revenue pie in the next 12-18 months," he said. "Additionally Indium’s Game Testing vertical across PC, Mobile and Consoles grew significantly in the last 6 months, and provided much needed tail winds to weather the Covid impact, with increase in gaming spends globally."
    The Economic Times