HCL opens IOT innovation centres in USA, India

HCL Technologies, an Indian technology company, has launched IoT (Internet of Things) COLLAB, dual-location IoT innovation centres in Seattle, Washington, and Noida, India

August 23, 2018

Each IoT COLLAB will serve as an incubation lab that will allow Fortune 500 companies to accelerate IoT initiatives by bringing together technology experts, partners, financial advisors, and other relevant IoT stakeholder

The partnership will aim to take advantage of what is expected to be a US$1 trillion market opportunity by 2021. IoT is being increasingly incorporated into products and services worldwide to improve efficiency and reduce cost

IoT innovation labs, such as HCL’s IoT COLLAB, help firms navigate the journey from concept to full-scale deployment by offering a sandbox environment to expeditiously experiment with technologies across the IoT ecosystem

Initiatives around new technologies such as Iot by Indian IT firms will help India bolster its leadership in global IT-BPM servicing; Indian IT exports increased to US$126 billion in FY18 while domestic revenues rose to US$41 billion

HCL Technologies (HCL), an Indian IT services firm, announced on August 23 that it had launched IoT (Internet of Things) COLLAB, dual-location IoT innovation centres in Seattle, Washington, and Noida, India. Each IoT COLLAB will serve as a joint incubation lab that will allow Fortune 500 companies to accelerate IoT initiatives by bringing together experts, partners, financiers and other IoT stakeholders. The partnership will aim to take advantage of what is expected to be a US$1 trillion market opportunity by 2021. IoT is being increasingly incorporated into products and services worldwide to improve efficiency and reduce cost.

IoT innovation labs, such as HCL’s IoT COLLAB, help firms navigate the journey from concept to full-scale deployment by offering a sandbox environment to experiment with different technologies across the IoT ecosystem. The platform also helps in leveraging a system to chart out impact on business processes and articulate business value, and develop a roadmap to graduate into pilot stage, eventually to full-scale deployment. Participating companies work on a prototype unique to their business models and goals, leading them to modify processes and discover new opportunities through the collection of data produced by IoT endpoints.

Collaborations already underway include co-created solutions for predictive maintenance, cold-chain logistics, and specialized asset tracking in the aerospace, manufacturing and medical technology market segments. In one such tie-up, HCL is enabling a medical technology company to embark on its Industry 4.0 journey and substantially improve OEE (Overall Equipment Effectiveness) across its manufacturing plants by leveraging machine learning techniques to predict equipment failure and take corrective actions. Initiatives encompassing new technologies such as Iot by Indian IT companies will help India bolster its servicing sector.