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HCL Technologies Ltd unveils strategic initiative to accelerate IoT adoption

Posted On: 2015-09-16 23:26:38

HCL Technologies, a global IT services provider has announced that it is collaborating with IBM to jointly develop Internet of Things (IoT) solutions to help customers on their IoT journey.

Together, HCL and IBM will initially focus on specific verticals including Industrial & Manufacturing and Smart Facilities to co-develop innovative solutions around 'Connected Products and Operations' such as remote monitoring, smart Inventory Management, smart building & facilities management. The two companies will also set up an Incubation Center at Noida, India to develop these solutions for the chosen industries.

The collaboration combines HCL Technologies' rich heritage in Engineering R&D Services, global systems integration expertise supported with strong infrastructure services, along with IBM's strength in enterprise asset management, cloud and analytics. Through their joint efforts, the two companies will enable seamless integration of device, connectivity, data platform and analytics for organizations across the world to address some of the most complex enterprise and industrial IoT challenges.

"Building an extensive ecosystem around the Internet of Things, is imperative to the success of all complex Internet of Things client solutions," said Chris O'Connor, General Manager of Offerings, Internet of Things, IBM. "Combining HCL's IoT design capabilities in hardware and platforms with IBM IoT Foundation platform, the result is an capability that generates new value across every segment we are targeting."

"The intersection of employees, data and technology enabled intelligent machines is creating fundamental shifts in enterprise business models, leading to not only increased productivity and efficiency but also opening a plethora of new revenue opportunities for companies," said Sukamal Banerjee, Executive Vice President, Engineering & R&D Services, and Head of IoT Business HCL Technologies. "Our partnership with IBM will provide replicable use cases and POCs for companies and enable accelerated adoption of IoT within and across industries."

HCL's Internet of Things (IoT) Business helps companies accelerate their journey towards IoT adoption and achieving significant efficiency from existing assets, new product and services offering for the market. HCL helps companies to Define, Build and Run their IoT technology and business roadmaps as a trusted long term partner.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.938.45 as compared to the previous close of Rs. 929. The total number of shares traded during the day was 33422 in over 1905 trades.

The stock hit an intraday high of Rs. 947 and intraday low of 930. The net turnover during the day was Rs. 31398702.

Source: Equity Bulls

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