KV Kamath spoke about Infosys 3.0 in the AGM in an attempt to put the lack of vision of Infosys management under the carpet. The new version of Infosys, although declared does not seem to be either in making or even with any kind of release date. It is coming out clear again and again that Indian IT companies have worked too hard to milk lower risk opportunities in global IT by merely filling the labour gaps of western market. There was no attempt how so ever feeble to also attempt something as risky as being done by US companies since the IT itself started. The principles of business have always remained the same, low risk, low gains, high risk, high gains.
While the attempt to move to product and platforms company itself is a welcome one, it is to be seen how Infosys can achieve this big change. It seems a difficult thing to do because the company has not been learning from its past mistakes and continue to bask in its past glory.
The only way the transformation can be successful would be by creating a separate company dedicated to do things differently with different management and probably washing off all influence of Infosys. The two entities can then together work for Infosys 3.0 vision. Either way, the ultimate sufferer is the employee of the company whose growth is reduced and job security gets further impacted.