Proving the Business Case for the Internet of Things

HCL opens IoT innovation labs in India and USA

Steve Rogerson
August 28, 2018
 
HCL Technologies has opened two IoT innovation centres, one in Seattle, Washington, and the other at its headquarters in Noida, India.
 
The IoT Collab dual-location IoT innovation centres serve as a collaborative incubation lab that lets Fortune 500 companies accelerate IoT initiatives by bringing together technology experts, partners, financial advisors and other relevant IoT stakeholders to take advantage of what is expected to be a $1tn market opportunity by 2021.
 
The aim of the labs is to help organisations navigate the journey from concept to full-scale deployment by offering a sandbox environment to experiment with different technologies across the IoT ecosystem, leverage the framework to chart out impact on business process and articulate business value, and develop a roadmap to graduate into pilot stage and eventually to full-scale deployment.
 
Participating companies work from a prototype unique to their business models and goals, leading them to modify processes and discover opportunities through the collection of data produced by IoT endpoints. Tools to simulate multiple end-point devices, gateways, connectivity and data ingestion drive faster time-to-value.
 
Collaborative efforts already underway include co-created services for predictive maintenance, cold-chain logistics and specialised asset tracking in the aerospace, manufacturing and medical technology markets.
 
In one such collaborative approach, HCL is enabling a medical technology company to embark on its Industry 4.0 journey and improve overall equipment effectiveness across its manufacturing plants by leveraging sensors, gateways and machine learning techniques to predict equipment failure and take corrective actions.
 
“IoT needs a mix of existing and emerging technologies, systems and standards that are constantly evolving, making the IoT implementation process difficult for companies,” said Sukamal Banerjee, corporate vice president of HCL Technologies. “Our vision for IoT Collab is it to help businesses transform into true 21st century enterprises by co-creating their transformation blueprint and execute it with award winning IoT-led solutions and leveraging our expertise to bring the IoT to reality.”
 
IoT Collab was established to address a void in the market. To this point, an independent survey sponsored by HCL last year found that 82 per cent of organisations embracing IoT believed they had a stronger place in the market. However, half of the companies surveyed said they were behind in their IoT implementation plans, with 43 per cent saying that if they fell behind with IoT their customers would be the ones who suffered.
 
HCL operates out of 41 countries and had consolidated revenues of US$8bn for the year ended June 2018.