The New Wave of Technology

afraid I need further clarification on this question. As to their preliminary comments, there are numerous technologies available today to help enterprises compile it's full of you hope its customers as possible: SMAC elements coupled with Big Data / machine learning and Internet of Things solutions. These help collect data, integrate it, clean of redundancies, analyze it real time, improve the quality of the analysis (and therefore consumer targeting) as the amount of the processed data volume increases, and constantly expand the amount of sources delivering into the information pool via various APIs in smart devices capable to speak to one another. The increase in the latter adds more and more to the complete 360 degree view of the customer. Also, in our digital age consumers gladly share their information, tastes, preferences, locations and other qualitative feedback. Now it is upon the technology and CIOs / CMOs / CEOs to be creative enough and make the best use of the vast amount of diversified information out there.

3) What specific types of technology will give leaders/ players within your industry the competitive edge?

Again, this is a question for enterprises and not for software development solutions providers. The specific technologies that we believe the leaders need today, among the vertical in which we are playing, are as follows:

Financial services – visualization of data, artificial intelligence, digitalization, machine learning, mobile, big data, internet of things

Automotive – various digital technologies: HMI, computer vision / augmented reality, internet of things / big data, mobile, cloud, social

Telecom – mobile, software defined networks, cloud, network function virtualization, IoT / Big Data, testing and assurance measurement technologies

Technology, manufacturing, retail, precision agriculture: IoT, big data, mobile, machine learning, HMI, visualization, social, cloud

Technology Trends of Luxoft

All of the above that I described, every enterprise we serve has unique pain points but in the aggregate among 150+ client base that Luxoft has the above technologies are the ones in most demand.

How technology is revolutionizing the work environment

Currently our clients in the financial services are facing competition from a completely new cluster of companies, such as Google, Facebook, BitCoin and others. Digital banking or Bank 3.0 concept is shaping up and gaining popularity fast. Brick-and-mortar banks and even investment banks need to update their technology infrastructure and implement new ways of doing business to successfully compete with these new categories of players in the financial services field.

Digital technologies, including location based technologies, biometric technologies and of course mobile, cloud, and others are becoming required rather than optional features in all cars, not just select premium models, as it was before. Anything that increases safety on roads and decreases amount of destructions to the driver is becoming a must and industry standard rather than nice to have feature development budget for which was sitting in the discretionary item category.

Improvements in Transformation Efforts                                       

Luxoft has implemented many improvements in our relationships with customers to drive and elevate them to a new level. We have several transformational engagements with global multinationals in which we share outcomes with our clients, engage directly with the heads of business lines, replace or extend their internal IT totally seamlessly; we innovate and co-invest into R&D efforts together with our clients; we believe that managed service relationships are the future of IT Services industry allowing the most optimal division of responsibilities allowing each party to concentrate on what they do best – management running the business and providers delivering on IT engagements with the utmost quality and care on time and on budget for the benefit of al parties involved.