PwC India plans to invest Rs 100 Cr towards the development of digital solutions and is expected to hire about 1,000 digital technology experts over the next three years. The move comes as it looks to strengthen their capabilities to deliver tech solutions.
This investment will be in addition to ongoing investments towards innovation, Digital R&D and talent for building new tech-enabled solutions.
The firm has also launched 40 new tech solutions spanning multiple functional areas like Digital, Finance, Risk and Compliance and Tax. These tech-enabled solutions have been developed to solve client challenges on the emerging technologies like cloud, Artificial Intelligence, and mobile.
Sivarama Krishnan, Partner, PwC India stated, “The focus is on building a digital ecosystem of solutions adoptable for Plug-and-Play to solve client problems using emerging technologies. We are also changing our delivery model to ensure that we deliver outcomes to our clients quicker.”
Krishnan added that a large part of the planned hiring will be focused on individuals who will help make these solutions better and customize them to client domains. The firm has already hired a little over hundred digital solution professionals to build the initial leg of these products.
"Most of these solutions are targeted towards sectors outside of financial services, like manufacturing and retail, among others, as they face a dearth of dedicated digital solutions," he added.
The investments come as the firm is focused on moving beyond the scope of existing service offerings, to provide new value for clients by exploiting the potential presented by emerging technologies. This will also enable the firm to take up technology-based projects from other network firms in the future.
Last week, management consulting firm KPMG also announced big hiring plans, stating that it will be hiring 8,000-9,000 people in India and a tenth of them will be deployed on projects overseas.