Log In

 

Company Name : HCL Technologies Ltd

Tuesday, March 7, 2017 4:54PM IST (11:24AM GMT)

(NSE:HCLTECH)

HCL Announces Three–Stage Internet of Things Maturity


Noida, Uttar Pradesh, India

‘IoT WoRKSTM by HCL’, the Internet of Things (IoT) business unit of HCL Technologies, announces the launch of IoT Maturity framework titled, “IoT Maturity: Bridging the Gap Between Devices and Value”, as seen in MIT Sloan Management Review. This Executive Scholar Exchange (ESE) provides a roadmap for large enterprises for IoT–led business transformation and how to exponentially increase the value derived from IoT investments. Among the key findings of this framework are the three stages of enterprise–IoT maturity:

  • Maturity level 1: Process efficiency using IoT–enabled data
  • Maturity Level 2: Building new revenue streams
  • Maturity Level 3: Business transformation leveraging IoT data–led insights
 
The Executive Scholar Exchange (ESE) describes how moving across different levels of maturity requires an IoT platform at the core. To that end, defining the right IoT platform strategy remains the key. The IoT platform can integrate with enterprise IT & OT systems and centralize data from all instrumented assets, making data visible to key stakeholders so they can make better, faster decisions. In addition, it provides the flexibility to modify the services needs over a period of time as the business needs change and evolve.
 
“Realizing value through the Internet of Things may begin with simple goals, but it can catapult a business towards new horizons. Full IoT maturity depends on cross–organizational commitment to identify new revenue sources, spurring innovation, investing in supporting technology and nurturing relevant skills,” said Stephanie L. Woerner, Research Scientist, MIT Sloan Center for Information Systems Research. “The level of commitment to completing the journey depends on organization’s willingness to translate threats into opportunity by finding new sources of revenue in the face of changing industry trends, turning to innovation, investing in partnerships or acquisitions in case there is lack of capabilities in any specific area and finally ensuring organizational readiness.”
 
“Many companies have made inroads into use–case based IoT projects, but very few have embarked on transformative programs. It is only by doing so that these firms will reach the intended IoT goals of efficiency, profitable business models and gaining a competitive edge,” said Sukamal Banerjee, CVP & Global Head – IoT WoRKSTM, HCL Technologies. “Defining the IoT platform strategy is the inflection point and there are four key components while choosing the right IoT platform – security, data analytics, scalability and agility.”
 
This Executive Scholar Exchange carries insights from a recently concluded, first–of–its–kind Global IoT Survey 2017, commissioned by HCL Technologies, that captures the challenges and journey of early enterprise–wide adopters of IoT. The ESE articulates how enterprises can link IoT data with mobile apps and real–time analytics to drive faster decision–making and boost revenues.
 
Enterprises today are seeking transformative value of IoT beyond use–case based IoT projects. This paper provides a blueprint towards driving real business outcomes. To read the full report please click here.


Click here for Media Contact Details

Sumit Ranjan Aggarwal, HCL Technologies, Sumit.Aggarwal@hcl.com


More News from HCL Technologies Ltd

09/11/2017 6:58PM

'Wide Gap Between Digital Strategy and Execution at Global Level', Finds Study

70% of organizations surveyed have a Digital Transformation strategy, but only 10% have a full deployment plan

23/10/2017 6:37PM

HCL Technologies Powers Volvo Ocean Race 2017-18

The 2017-18 edition of the Volvo Ocean Race was flagged off at Alicante, Spain, with HCL Technologies as the strategic IT services provider.

07/09/2017 5:40PM

HCL Announces Strategic Partnership with Banking Solutions Provider Alpha Insight

HCL Technologies, today announced a new strategic partnership with Alpha Insight, an intelligent products and solutions company.

Similar News

20/11/2017 7:25PM Image

Stallion Riders Reigns Supreme in the Fourth Edition of Pune Invitational Supercross League 2017

Riding on a stellar performance of their rider's debutants Stallion Riders bagged the fourth edition of the Pune Invitational Supercross League 2017 held at Royal Palms, Mundhwa, Pune.

No Image

20/11/2017 6:20PM Image

BMW Motorrad Appoints KUN Motorrad as its Dealer Partner in Chennai

BMW Motorrad has announced the appointment of KUN Motorrad as its dealer partner in Chennai. The dealership is headed by Mr. U Venkatesh, Dealer Principal, KUN Motorrad.

News Summary

‘IoT WoRKSTM by HCL’, the Internet of Things (IoT) business unit of HCL Technologies, announces the launch of IoT Maturity framework titled, “IoT Maturity: Bridging the Gap Between Devices and Value”, as seen in MIT Sloan Management Review. This Executive Scholar Exchange (ESE) provides a roadmap for large enterprises for IoT–led business transformation and how to exponentially increase the value derived from IoT investments.