Larsen & Toubro subsidiary L&T Technology has joined the ThingWorx Partner Program, to create new Machine-to-Machine (M2M) and Internet of Things (IoT) solutions for enterprises, especially in the transportation, medical, industrial products, telecom and plants fields.
The goal is that ThingWorx customers will be able to implement solutions that will reduce their time-to-market for complex domain-specific applications.
IoT is a network of physical tangible objects interconnected through various network technologies. These objects can communicate among themselves and with the external environment when required. IoT facilitates an interconnection of end-user devices and the underlying communication devices. IoT combines hardware, embedded software, communication services, and IT services. IoT helps create smart communication environments such as smart homes, smart shopping, smart transportation, smart healthcare and more.
ThingWorx provides an application development platform for IoT, while L&T Technology focuses on machine data collection, remote management and engineering analytics of parameters from “things,” to help OEMs, industries and consumers improve operational efficiencies, warranty and service management, and to make the user experience better.
“The right ecosystem is an essential requirement to deliver complex IoT solutions,” said Dr. Keshab Panda, chief executive at L&T Technology Services. “Partnering with ThingWorx significantly strengthens our IoT offerings. Our deep engineering knowledge and domain expertise coupled with ThingWorx IoT platform’s flexibility will provide an excellent opportunity to create a connected customer experience.”
Duke Sullivan, vice president of strategic partners at ThingWorx, added, “L&T’s successful track record of providing strategic consulting, engineering, testing and maintenance services combined with the ThingWorx IoT platform will enable our customers drive innovation and accelerate solution development of connected application while also reducing cost, risk and time to value.”
Market analysts from Technavio forecast that the global IoT market will grow at a CAGR of 31.72 percent over the period 2014-2019.
Edited by
Maurice Nagle
