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 (GLOBE NEWSWIRE) -- 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.