Mindtree Named a Major Contender in Everest Group’s Industry 4.0 Services PEAK Matrix® Assessment 2022
Warren (NJ) and Bengaluru (India) — September 30, 2022 – Mindtree, a global technology services and dig ital transformation company, today announced that it has been named a Major Contender in Everest Group’s Indust ry 4.0 Services PEAK Matrix® Assessment 2022. This was Mindtree’s debut in Everest Group’s assessment of en gineering service providers for their Industry 4.0 leadership.
Everest Group positioned Mindtree as a Major Contender in terms of market impact, and vision and capability. The following were among Mindtree’s strengths highlighted in the report:
- Mindtree has experience in serving customers via all major commercial constructs such as time and material, fixed price and outcome-based.
- Mindtree has a strong partner ecosystem and internal capabilities to deliver engagements centered around cloud, analytics, IIoT, and intelligent technologies (AI/ML).
- Mindtree’s acquisition of NxT has boosted capabilities across IIoT, AI/ML, and analytics, particularly for use cases involving shop floor automation, connected equipment, asset tracking, predictive maintenance, analytics-driven decision making, etc.
As part of the assessment, Everest Group evaluated 22 engineering service providers across the globe. Accord ing to the report, Major Contenders are “actively making investments in establishing centers of excellence (Co Es) and developing IP and solutions in areas such as AI/ML, cloud, analytics, IIoT, edge computing, and blockchain for enhancing their capabilities and presence and bridging capability gaps across service functions that have hit herto not been a major focus”.
Mindtree was rated highly for market adoption (number of clients, revenue base, YoY growth, and deal valu e/v olume), portfolio mix (diversity of client/revenue base across geographies and type of engagements), vision and strategy (vision for the client and itself; future roadmap and strategy), and scope of services offered (depth and breadth of services portfolio across service subsegments/processes). 
“Driving digital transformation from the edge to experience requir es a thorough integration of technology and human processes into a seamless whole powered by data-generated insights, machine learning, and automa ti on,” said Sriram Kumaresan, Global Busi n ess Head of Mindtree NxT. “Amid rapidly evolving competition, bu siness models, regulation, and customer needs, our Industry 4.0 capabilities spanning operations, employees, prod ucts, and expe riences help not just deliver superior productivity, agility, and diff erentiation, but also drive better human capacities and sustainable growth. This recognition by Everest Group validates our ability to help our clie nts unlock the potential of Industry 4.0 technologies in realizing efficient, responsible, and resilient value chains for the benefit of people as well as planet.”
“Mindtree has emerged as a Major Contender in Everest Group’s Industry 4.0 Services PEAK Matrix® Assessm ent 2022. The company has positioned itself as a credible provider in the Industry 4.0 space by offering solutions leveraging IIoT, analytics, and AI/ML,” said Nishant Udupa, Practice Director at Everest Group. “The acquisition of L&T-NxT has further helped Mindtree to gain significant traction in the IoT and analytics space. The company has made dedicated investments in developing IPs, such as Asset-NxT, Insight-NxT, Worker-NxT and Geospatial-NxT in areas such as IIoT and AI/ML, and in building a comprehensive partner ecosystem comprising of techno logy providers, cloud vendors, and IoT-focused organizations. Clients have particularly acknowledged Mindtre e’s domain expertise, talented pool of engineers, and ability to tailor digital solutions for the client’s domain.”
To download Everest Group Industry 4.0 Services PEAK Matrix® report, click here.
About Mindtree
Mindtree [NSE: MINDTREE] is a global technology consulting and services company that enables enterprises acr oss industries to drive superior competitive advantage, customer experiences and business outcomes by harnes sing digital and cloud technologies. A digital transformation partner to approximately 275 of the world’s most pi oneering enterprises, Mindtree brings extensive domain, technology and consulting expertise to help reimagine business models, accelerate innovation and maximize growth. As a socially and environmentally responsible bu siness, Mindtree is focused on growth as well as sustainability in building long-term stakeholder value. Powered by more than 37,400 talented and entrepreneurial professionals across 24 countries, Mindtree — a Larsen & To ubro Group company — is consistently recognized among the best places to work. For more, please visit ww w. mindtree.com or @Mindtree_Ltd.
