Bangalore, Nov 19 (UNI) Wipro Chairman Azim Premji today said that in the context of the country making big strides in semiconductor and electronic eco system, innovation assumed a key factor.
Delivering his keynote address at the Freescale Technology Forum here, he said innovation was not restricted to product or technology alone anymore but was used in many other areas like processes, delivery, business model and new services.
He said the semiconductor industry during the 1970s was a fully integrated devise manufacturers club that gave rise to specialist system manufacturers during the next decade. However the industry had seen aggregation during the recent times that led to IP products, design, foundries. "This was mainly driven by the time to market pressures and cost factors," he added.
Mr Premji said the present day technology was driven by innovations as the performance bar was being raised higher and faster than never before. "No one can predict the customers' expectations. Semiconductor industry is no different and it is being driven by adversities and this had led to innovations," he felt.
He said in Wipro innovation had proved to be the engine that drives the company to newer heights.
"We have 55 centers of excellence and over 500 people are working on new business technologies. Innovation is not a board room policy.
It has to be embraced across the board for a company's success.
During the last two years we have achieved 70 innovations, some with the partnership of our customers. 11 per cent of Wipro's revenues is attributed to innovations and we want to take this up to 20 per cent in the next 2-3 years," he added.
Freescale, global leader in manufacture of embedded semiconductors for automotive, consumer, industrial, networking and wireless markets, was hosting the forum for the third year in succession.
Company's Senior VP Jan Monney said the forum was being attended by more than 1000 professionals. It was oganised to promote the latest cutting edge technologies among engineers, customers, partners, industry analysts and media, she added.