IT Firms Flip the Script—Deals First, Tenders Later

Image Source: Mint

Industry Change
Major tech firms are aggressively going in for deals and not waiting for customers to put out tenders, a shift in business development strategy.

The transition is as global technology expenditures decelerate, forcing firms to negotiate directly with prospective clients instead of relying on the conventional bidding process.

Competitive Strategy
Companies are employing data analysis and AI-driven insights to identify high-value prospects prior to listing.

Big players like Infosys, TCS, and Wipro are dispatching specialized deal-finding teams to offer tailored solutions to customers.

The method allows firms to avoid long tendering procedures, securing contracts faster and more tailored.

Market Impact
The proactive approach is redefining client relationships with IT firms offering packaged services rather than responding to given requirements.

Cloud computing, cyber security, and AI-powered automation are some of the leading domains where businesses are seeking mergers with enthusiasm.

Direct deal-making is foreseen by analysts to increase revenue streams by 15-20% over traditional tender-based contracts.

Future Outlook

Analysts forecast this growth to pick up pace, especially in fast-developing sectors like BFSI, healthcare, and retail.

IT firms will spend more on predictive analytics to predict customer needs and offer solutions before receiving formal requests.

The shift promises a new era of IT business expansion, with agility and foresight defining success.

Sources: Economic Times, Business Standard, Forbes, Gartner.