Mindtree will leverage the Cloud based IOT and AI platform – NxT Digital Business’ capabilities across several industry segments in integrating sensors and telemetry data with its advanced data analytics and insights leadership
Mindtree – the technology services company made an announcement about signing an agreement to acquire the NxT Digital Business – the cloud based IOT and AI platform for Industry 4.0 of L&T Group.
Founded as a start-up with broad digital capabilities within L&T, the cloud based IOT and AI platform for Industry 4.0 – the NxT Digital Business has played an instrumental role in extensive applications of IOT technology and digitalization of many aspects of L&T’s operations where numerous assets were connected and factories were digitalised to make the company’s operations data driven for objective decision making. To deliver disruptive business outcomes for its global customers, the cloud based IOT and AI platform leverages the Group’s deep industry domain expertise with emerging technologies like industrial IOT, artificial intelligence, machine learning and augmented and virtual reality, geospatial and cyber-security applications.
For meeting the growing end-to-end digital transformation demands of customers, Mindtree and NxT Digital Business’ combined offerings will bring scale and market agility. That will help accelerate the journey to Industry 4.0, which involves smart automation of industry and manufacturing to gain agility and customer-centricity, a company statement said.
To drive digitization across the manufacturing and engineering value chain, deliver tangible operational efficiencies and a differentiated customer experience, Mindtree will leverage the cloud based IOT and AI platform – NxT Digital Business’ capabilities across several industry segments in integrating sensors and telemetry data with its advanced data analytics and insights leadership.
“There is a huge opportunity ahead as global manufacturers and industrial companies are increasingly adopting Industry 4.0 focused smart solutions, systems, and processes, but are struggling to leverage data and analytics to drive efficiency and competitive advantage”, said S. N. Subrahmanyan, Chief Executive Officer & Managing Director, Larsen & Toubro Limited.
“The cloud based IOT and AI platform – NxT Digital Business experience, talent, expertise and credentials, coupled with Mindtree’s global scale, technology leadership, and deep understanding of domain and delivery, are a powerful combination of focus and capabilities to meet clients’ requirements”. “Industrial and manufacturing companies are starting to adopt digital technologies across the value chain, but need a partner with expertise to strategically connect the dots and generate business value from their data”, said Debashis Chatterjee, Chief Executive Officer & Managing Director, Mindtree Limited. “The acquisition will complement our significant strengths in reimagining consumer experience, positioning us as one of the leading partners for leveraging data and analytics to drive insights and deliver transformational services to our clients”.