L&T enterprise is moving towards intelligent automation, onboarding of cognitive solutions, and AI. Analytics, automation and AI is now the key to digital transformation.
Larsen & Toubro Infotech (LTI), a global technology consulting and digital solutions company posted a revenue of $309m with 5.3% quarter-on-quarter growth. According to Sanjay Jalona, CEO and MD at LTI the growth has been possible as a result of a broad-based performance across all verticals. They have invested in exponential technologies and have established themselves as a digital partner for customers worldwide.
The investments are largely in the area of automation, multiple digital initiatives, analytics engagement, migration to the cloud, orchestrating data, and modeling a variety of analytics use cases.
The growth in revenue was attributed to strengthening competencies across products, using data analytics as a differentiator.
L&T enterprise face challenges in building & executing the right data analytics strategy. Some of them are understanding the right data to be captured for their business, poor visibility on key issues that can be solved using data, non-availability of a unified data platform – multiple data sources exist in silos, shortage of data scientists who could build the right strategy to address potential growth opportunities for the organization, a proper ROI methodology to track and monitor the investments.
One of the deals won by L&T includes a $100 million contract to deploy advanced technology in India’s taxation system.
It is an ambitious initiative that uses social media analytics to identify tax non-compliance. The project is about creating a ‘semantic web’ where web pages are structured and tagged in such a way that can be directly read by the computers.
In the year 2017 L&T hosted a massive recruitment drive in areas like big data, ETL (Informatica and Ab Infinito), data warehousing, database, and customer-centric roles.
This year L&T won another government project that required integrating automated business modules and robust analytical capabilities for faster and accurate decision-making on the sale and purchase of power.
It is also building considerable thought leadership in robotics and is perhaps already getting traction. The overall robotics market is expected to be reaching $67 billion and L&T is betting big. According to one of their blog, LTI has collaborated with Purdue Robotics Accelerator and US-based Purdue University to gain insights. This helped them to a great extent in setting up the robotics lab at their Bengaluru campus.
As said by Jalona the company is investing extensively in the emerging digital technologies. These technologies have now resulted in around 30 percent of the company’s revenue. At the same time, he asserted that margins will not be diluted as the company undergoes this change.
The company is also focussing on blockchain and have a few ongoing commitments with Indian, American and European clients on the front.
L&T enterprise is moving towards intelligent automation, onboarding of cognitive solutions, and AI. Analytics, automation and AI is now the key to digital transformation. For this service providers have to build the value chain across these platforms.
The service provider landscape will undergo a rapid transformation with vendors investing in broader capabilities to stay competitive.
Interested in Big Data Analytics? Learn Big Data from Basics to Advanced concepts from the Best faculties with industry relevant case studies. To know more Click here: Big Data Analytics Course
What are you waiting for? Register Now!