HCL Opens IoT COLLAB Innovation Centres To Accelerate IoT Development And Deployment
HCL Technologies Limited (HCL), a leading global technology company, announced the launch of loT COLLAB, dual-location loT innovative centres in Seattle, Washington, and Noida, India. Each loT COLLAB serves as a collaborative incubation lab that lets Fortune 500 companies accelerate loT initiatives by bringing together technology experts, partners, financial advisors, and other relevant IoT stakeholders to take advantage of what is expected to be a $1 trillion market opportunity by 2021.
loT innovation labs, such as HCL’s loT COLLAB, help organizations navigate the journey from concept to full-scale deployment by offering a sandbox environment to expeditiously experiment with different technologies across the loT 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 new opportunities through the collection of data produced by loT 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 solutions for predictive maintenance, cold chain logistics, and specialized asset tracking in the aerospace, manufacturing, and medical technology market segments. In one such collaborative approach, HCL is enabling a leading medical technology company to embark on its Industry 4.0 journey and substantially improve OEE (Overall Equipment Effectiveness) across its manufacturing plants by leveraging state-of-the-art sensors, gateways, and machine learning techniques to predict equipment failure and take corrective actions.