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L&T Technology Services Limited, announced its collaboration with Redknee Solutions Inc, a leading provider of real-time monetization solutions. The alliance will offer our clients a complete architecture for enterprises to enable connectivity, analytics and monetization for the Internet of Things (“IoT”).

Over the coming decade, the Internet of Things will grow rapidly, with a recent Machina Whitepaper highlighting a USD $1.3 trillion opportunity for those with sophisticated monetization capabilities. By leveraging cutting edge technologies from both L&T Technology Services and Redknee, the partnership will enable easy billing and monetization for enterprises across the transport, energy and insurance markets, and support new business models and opportunities for those enterprises utilizing the IoT ecosystem. L&T Technology Services will integrate Redknee’s Connected Suite to provide IoT end-point connectivity, advanced analytics and monetization in one integrated solution.

The use case on a solution for Usage Based Insurance (UBI) was demonstrated by the firms in Paris on June 14, 2016 in an event organized by Sierra Wireless.

L&T Technology Services has been deploying IoT solutions through its open frameworks which enable Digital Engineering of Smart Products, Manufacturing, Operations and Services. L&T Technology Services received Nasscom’s recognition for ‘Innovative Application of Analytics for Business Solution’ in 2015.

The Redknee Connected Suite provides all the necessary tools to monetize any enterprise application – in real time – including bundled offers, promotions and new offers with complex pricing models. Redknee’s modular solution was built with the diverse requirements of IoT in mind, and its monetization capabilities already support emerging IoT demands.

Mr Amit Chadha, Chief Sales Officer and Member of the Board, L&T Technology Services said, “We have been collaborating with technology leaders to develop enhanced delivery systems that create opportunities and solves challenges for our customers. Our partnership with Redknee is another step in that direction. We will leverage IoT technologies to provide unique and differentiated solutions, offering Digital Engineering solutions to a number of industries.”

Mr Lucas Skoczkowski, Redknee’s CEO commented: “The Internet of Things is disrupting markets with the emergence of new and innovative business models. Redknee is excited to partner with L&T Technology Services to offer an end-to-end IoT solution to provide connectivity, monetization and subscriber management solutions that support new and innovative monetization models as part of the IoT revolution.”

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