Not only L&T Technology Services consolidated its leadership across seven expertise areas for the second year in a row, it also expanded its competencies across five new IoT domains this year.
Bangalore-based L&T Technology Services (LTTS), a global leader in pure play engineering services, has been recognised among the top services providers in innovation and capability for Internet of Things (IoT) Technology and Services in the Zinnov Zones 2018.
The Zinnov Zones for IoT Technology and Services is a yearly rating for global technology service providers for assessing their capabilities in IoT.
L&T Technology Services was also recognised as a ‘Leader’ across 12 unique expertise areas by Zinnov. These expertise areas include strategy, sensors and devices, consulting, system integration and deployment for IOT engineering, predictive maintenance, connected vehicles, communication, public infrastructure, customer 360, supply chain intelligence, analytics, big data management and platform and application. Till last year, it was leading in seven IoT domains.
Competencies across domains
Commenting on the achievement, Samir Bagga, Chief Marketing Officer, L&T Technology Services, said, “LTTS’ recognition as a Leader in Zinnov Zones for IoT Technology Services 2018 highlights the company’s expertise and proactive investments in cutting-edge technologies to deliver optimum business value. While we have consolidated our leadership across seven expertise areas for the second year in a row, we have also expanded our competencies across five new IoT domains.”
“As a result, our global customers are realising significant business benefits across multiple domains like autonomous cars, Smart City, IT-OT convergence and asset and performance management, by leveraging our best-in-class end-to-end product lifecycle solutions such as Integrated MCare for Condition Based Maintenance and nBon – a Narrow Band IoT (NB-IoT) protocol stack,” he added.
Sidhant Rastogi, Partner & Practice Head, Zinnov, said, “L&T Technology Services has well-rounded competencies across services and IP-led solutions to enable IoT for the enterprise community. This is for the third year in a row that the firm has expanded into new unique expertise areas which is a testament to its high scalability potential.”
“Leveraging a strong partner ecosystem and robust solutions portfolio including AiKno, Integrated MCare and WAGES among others in emerging technology areas, LTTS has established and enhanced its leadership positioning amongst IoT Technology Services providers,” he added.
Demand for IoT applications
This acknowledgement of L&T Technology Services comes at a time when the demand for IoT applications globally are on the rise and enterprises are quickly deploying them for several purposes including infrastructure automation, remote management and monitoring, enabling new revenue streams and predictive insights.
The overall IoT technology market worldwide will reach US$ 869.9 billion by 2023, according to Research and Markets.