HCL Technologies Introduces IoT Maturity Framework
The new framework by HCL provides transformative
programs for large enterprises to gain a competitive edge.
India: HCL Technologies, an Indian
IT giant has introduced IoT maturity framework named “IoT Maturity: Bridging
the Gap Between Devices and Value” that enables large scale organizations to
transform using IoT methods. The launch has been done by Internet of Things (IoT)
business unit of HCL.
The new framework comprises
three stages of enterprise including process efficiency using IoT-enabled data,
building new revenue streams and business transformation leveraging IoT data
led insights. The maturity architecture provides flexibility of modification of
services over time, in accordance with the evolving business needs.
As per the CVP and Global
Head of IoT Works, HCL technologies, Sukamal Banerjee, "Many companies
have made inroads into use case-based IoT projects, but very few have embarked
on transformative programmes. It is only by doing so that these firms will
reach the intended IoT goals of efficiency, profitable business models and
gaining a competitive edge."
TechSci depicts that the indigenous
development of IoT in India will attract the foreign players to employ services
of Indian IT service providers. Moreover, with an experienced workforce, it is
anticipated that the Indian IoT market will grow in the coming five years.
According
to TechSci research report on “India
Internet of Things (IoT) Market Forecast &
Opportunities, 2020”,
IoT market in India is projected to grow at a CAGR over 28% during 2015- 2020.
IoT is being rapidly brought into use across diverse industry verticals to
reduce operational and manpower costs, and increase operational efficiency.
Consumer electronics, automotive & transportation, BFSI, home & building,
energy & utilities, retail, supply chain & logistic sectors, and
manufacturing are the key emerging application areas where IoT technology is
majorly being adopted. However, India’s IoT market is highly fragmented with
numerous players operating across the value chain.