|L&T Technology Services delivers a range of technologies, services & solutions across transportation, industrial products, telecom and hi-tech, process industry, and medical devices through Imagineering, Engineering & Adjacent Engineering. We have more than 8,000 engineers from nine nationalities serving over 200 customers, including more than 50 Fortune 500 customers. We leverage the strengths of our parent company, Larsen & Toubro, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, which has provided us with a broad engineering and design heritage. We have been recognized as the Company of the Year by the Indo American Chamber of Commerce in July 2016.
|Overview & Value Proposition:
L&T Technology Services delivers IoT applications across the lifecycle using home grown and third party frameworks, platforms and accelerators. We engage with our customers to contribute in their IoT and M2M strategies and roadmap; develop, deploy and commission business ready M2M applications; integrate these applications to enterprise or cloud; implement custom or commercially available IoT/M2M platforms; and enable sensing capabilities on their custom or off the shelf hardware.
We aim to strengthen our position in digital engineering through investments in IoT, M2M and Smart Manufacturing technologies or through acquisitions in product software, Embedded Software and computing.
We focus on building a portfolio of solutions-oriented engineering services that can be applied across verticals. As part of this strategy, we closely follow the technology trends in the ER&D industry and have focused on key technology areas that we believe will impact the various verticals in which we operate. These key technology areas include digital engineering, mobile internet, IoT (IIoT, mBIoT), automation of knowledge, advanced robotics, autonomous and near-autonomous vehicles, energy efficiency and imaging and video. We intend to focus on solutions in these areas and build cross-domain solutions that can be applied to the businesses of our existing and prospective customers across verticals that could help drive non-linear revenue growth for the company. In order to execute this strategy, we are also building and strengthening our alliances with technology companies. We aim to develop industry-specific use cases for such solutions and then customise these solutions as per the specific requirements of our customers.
We have developed mature IoT solutions such as UbiqWeise™ and iBEMS™ in emerging technology areas to support our customers. For example, one of our construction industry customers, who has various types of construction equipment and machinery spread across global project sites, collects operational data on a near real-time basis, which is then sent to a cloud platform. The data is then processed using applied analytics on our UbiqWeise™ platform to provide insights on information such as operational efficiency and Preventive Maintenance schedules. For another customer, we provide smart services solutions in process improvement, waste reduction and improvement in yields. Our solutions are aimed at addressing specific problems by introducing advanced sensors and analytics technologies to detect anomalies at an early stage of production. As a result, our solutions enable reduction of the rejection rates of the products.
We have entered into alliances with several IoT players. For example, we established a joint IoT lab with a global network solutions provider to explore opportunities in transportation, manufacturing and smart cities. We have set up a Smart Manufacturing lab has been set up to address difficulties faced by process and discrete manufacturing plants, as well as to develop and integrate intelligent automation solutions for Smart Manufacturing. These manufacturing areas include process optimization, smart utilities, connectivity and mobility, Tracking quality checks, touchless operations, OEM integration, and smart machine controls.