Samsung SDS, the IT service affiliate of Samsung Group, is aiming to become one of the top 10 IT service companies by 2020.
Celebrating its 30th anniversary on Wednesday, the company announced that it plans to grow by focusing on IT outsourcing (ITO), business process outsourcing (BPO), and solutions-based businesses.
Samsung SDS posted a revenue of 7.89 trillion won ($7.2 billion) and operating profit of 593.4 billion won ($541 million) last year. It is aiming to grow nearly three times in revenue to 20 trillion won by 2020.
In ITO, the focus will be on social network, mobility, analytics, and the cloud. Analytics solutions will be offered to IT manufacturers, so that they can better control quality, yield rate, and production rate.
In BPO, the firm plans to clinch orders in logistics from clients. Using industrial Internet of Things and analytics, Samsung SDS will increase visibility and deliver accuracy for customers.
Samsung SDS will also use Samsung Electronics' Knox mobile security platform and enterprise mobile management technology to boost security for its clients.
Currently, Samsung SDS' main revenue comes from data management of other Samsung affiliates, including Samsung Electronics. It has long tried to diversify its business to those outside of Samsung Group, with limited success.