2020 Zinnov report into ER&D positions Infostretch as leader in four zones
SANTA CLARA, Calif. – November 30, 2020 – Infostretch has been recognized as a leader in digital engineering services by the consulting, research and advisory firm, Zinnov, in its annual Zinnov Zones research report into the state of global enterprise engineering research and development (ER&D) services. Zinnov Zones for ER&D Services – 2020 assessed the engineering and R&D-led product and service initiatives of 60 companies globally across eight vertical sectors. The report recognized Infostretch’s ER&D capabilities across five key zones and positioned the company as leader in four of them. These include telemedicine; AI / ML engineering in banking, financial services and insurance (BFSI); AI engineering, and in the category for small and medium ER&D providers.
Zinnov Zones for ER&D Services – 2020 highlights Infostretch’s extensive ER&D experience with its leadership score in the zones relating to ER&D – Small and Medium Service Provider and within AI Engineering overall. The report also underlines Infostretch’s strong digital capabilities in key vertical sectors. These include BFSI, where Infostretch was highlighted as a leader in the AI/ML Engineering – BFSI zone, and healthcare, where Infostretch is a leader in Telemedicine and in the Execution Zone for Medical Devices.
Despite an industry-wide dip of around 6 percent in global engineering R&D spending due to the Covid-19 pandemic, sectors such as telemedicine and high-tech verticals remained resilient or experienced increased demand, according to the Zinnov study. The areas of high demand highlighted by Zinnov correspond closely with the areas where Infostretch has seen growth in 2020 – digital healthcare and banking, financial services and insurance (BFSI).
“Covid-19 has changed enterprises’ digital priorities,” commented Rutesh Shah, CEO & Founder of Infostretch. “The world has witnessed a mass acceleration in the adoption of digital products and services as part of a lasting change in how people work and live. The sectors experiencing strong demand – digital health being a prime example – increasingly see Infostretch as their digital engineering partner of choice when it comes to evolving their capabilities in the face of digital disruption.”
The full findings of the Zinnov Zones for ER&D – 2020 report are available here.
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Infostretch is a pure-play digital engineering services firm focused on helping companies accelerate their digital initiatives from strategy and planning through execution. We leverage deep technical expertise, Agile methodologies and data-driven intelligence to modernize systems of engagement and simplify human/tech interaction. We deliver custom solutions that meet customers’ technology needs wherever they are in their digital lifecycle. Backed by Goldman Sachs and Everstone Capital, Infostretch works with both large enterprises and emerging innovators — putting digital to work to enable new products and business models, engage with customers in new ways, and create sustainable competitive differentiation.