Industry News

HCL Technologies partnered with Microsoft for its IoT Incubation center

India: HCL Technologies established its ‘Internet of Things’ center with an aim to develop solutions for four key verticals -Industrial, Manufacturing, Life Sciences, and Healthcare. The IoT center is designed to build vertical specific solutions which can be used for industrial automation, remote patient monitoring, fleet management, and so on.

The company has launched its incubation center in partnership with Microsoft, the center will leverage Microsoft Azure IoT suite to build its vertical focused solutions to enhance the adoption of IoT among enterprises.

The IoT incubation center is the combination of HCL’s rich heritage & leadership in engineering space, product lifecycle management, system integration and infrastructure services with Azure IoT suite. The center is located in Redmond, Washington, USA.

IoT WoRKS business unit head and executive vice president, Sukamal Banerjee said that in the hyper-innovative global environment the success depends on how fast a company can prototype and bring solutions to the market for the customers. He further stated that industrial IoT will be the next big revenue generation lever for the enterprises across the world.

According to the consulting and market research firm TechSci Research, the launch of the incubation center and the alliance with Microsoft Azure is expected to support HCL Technologies in developing the cost-effective, scalable, and customer-centric solutions in IoT space.

TechSci Research recently published a report “India Internet of Things (IoT) Market Forecast and Opportunities, 2020” which discusses that IoT market in India is projected to grow at a CAGR over 28% during 2015-2020. Further, the report depicts that IoT is being rapidly brought into use across diverse industry verticals to reduce operational and manpower costs, and increase operational efficiency.

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