HCL, Microsoft Jointly Set Up IoT Incubation Center

HCL Technologies on Monday unveiled an incubation center that would develop solutions around Internet of things or IoT. The center was set up at the company’s Redmond office in the US. The Indian IT behemoth had joined hands with Microsoft to jointly develop the IoT solutions.

The incubation center on IoT would primarily focus on two industrial verticals – manufacturing and healthcare, besides other solutions around remote patient monitoring, industrial automation and fleet management.

hcl-iot-incubationHCL would use Microsoft’s IoT platform Azure to develop industry specific IoT solutions, the company said in a statement.

“Industrial IoT is slated to be the next big productivity and revenue generation lever for enterprises worldwide. We are confident that our collaboration in this space will create some truly innovative and actionable Industrial IoT solutions, which are scalable, cost-effective and focused on user experience,” Sukamal Banerjee, executive vice-president and head (IoT WoRKS business unit), HCL Technologies, stated.

However, there is no clarity on how many startups the incubator would incubate or how much investment would be made into the startups.

“One of the most transformative trends affecting businesses today is the Internet of Things. Together with HCL, we’re enabling companies to accelerate IoT adoption with industry-specific solutions that deliver greater business insights, new revenue models and speed return on investment,” said Susan Hauser, Corporate Vice-President, Business & Corporate Responsibility, Microsoft.

In September last year, HCl had partnered with IBM on the same lines, to develop solutions around IoT, however, the industry verticals were different. The HCL-IBM incubation center was set up in Noida, India.

IoT or internet of things is getting lots of traction in the recent times with almost all the IT vendors and telecom operators are giving some kind of focus to the field, with enterprises looking at it as the next game changer to drive revenue and improve productivity.



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