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Published: May 28, 2020

Virtusa to Increase Speed, Reduce Costs of Critical Digital Transformation Initiatives

Virtusa to Increase Speed, Reduce Costs of Critical Digital Transformation Initiatives

New Digital Transformation Studio Results in 30% Productivity Improvements

Southborough, Mass., - (May 28, 2020) - Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help Global 2000 clients accelerate transformation through innovation engineering, today announced its new Digital Transformation Studio (DTS), a proprietary platform and approach designed to increase the delivery speed and dramatically reduce the costs of business critical digital transformation projects.

According to a past study by McKinsey, 84% of respondents say their organizations’ digital transformations have failed to improve performance or to sustain the transformational changes in the long term. To better understand causality, Virtusa led a multi-year research project to gain deeper insights into the anatomy of successful digital transformation initiatives across key industries, including Financial Services, Insurance, Healthcare, Life Sciences, Telecommunications, Technology, Media, and Entertainment. The research included extensive input from customers, industry experts, partners, and Virtusa front-line employees.

DTS was born from the research findings.  The platform was designed to mitigate many of the typical issues plaguing traditional digital transformation efforts, while enabling a 30% overall productivity improvement. DTS allows Virtusa teams to set specific performance goals with each client focused on areas including reducing technical debt, improving time to market, or reducing costs.

DTS includes three key components:

Engineering Tools that drive SDLC automation to improve quality, enable speed, and increase productivity. These include Smart Application Lifecycle Management tools to improve user stories and provide a story point estimation model; proprietary Gamified Dashboards to promote transparency, quality, and productivity metrics; and end-to-end CI/CD pipeline that automates code quality review, testing, and release management.

Reusable Industry Assets collected and improved through Virtusa’s Open Innovation Platform that strives for a near-zero approach to coding. These include AI Model Zoo and Data Lake with over thirty pre-trained AI/ML models trained on synthetic datasets with 10MM customers, and 500MM transactions; Cloud Native Middleware with prebuilt microservices, boilerplate code generators, and multiple legacy system connectors; and API Lifecycle Toolkits to manage onboarding, QoS, security, distributed tracing, and logging of deployed services.

Certified Teams pre-trained on agile processes, technology, domain, and Virtusa's engineering tools and assets. A Developer Portal opens challenges and hackathons to a community of developers. Using an agile methodology, teams are configured in squads and tribes to promote scalability and growth. Teams also use a Solutions Assembly Sandbox to assemble Digital Solutions from the asset library. 

“Given today’s challenges, enterprises need to maximize every dollar invested in digital transformation initiatives,” said Kris Canekeratne, chairman and CEO, Virtusa. “DTS was built from the ground up to increase the speed and success rate of these business critical projects dramatically. With gamified dashboards to promote transparency and improve performance, reuse of industry assets to save time and money, and pre-trained and certified teams with experience in key industries, we can predict digital transformation successes very early in engagements with clients.”

The impact of DTS is expanded by its integration with Virtusa’s Global Technology Office and xLabs, which combine design thinking and digital engineering to reduce the time and costs associated with identifying, evaluating, and exploiting new technologies to create a competitive advantage. Once new solutions are built, tested, and successfully deployed for clients in Global Technology Office and xLabs, those solutions are transferred to DTS for componentization and reuse.

To learn more about Virtusa’s Digital Transformation Studio, please visit: virtusa.com/dts

 

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 30,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa's unique Engineering First approach means never presenting an idea we can't execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:

Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

 

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 30,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa's unique Engineering First approach means never presenting an idea we can't execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:

Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

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