L&T Tech eyes $1 bn revenues in 4 years through IoT solutions platform

Follows in the footsteps of GE, which pioneered industrial internet model with proprietary Predix

L&T Technology Services has taken a leaf out of General Electric’s playbook to build a software platform that offers internet of things (IoT) services to its global engineering and manufacturing customers. It also expects the platform-offering service to be a differentiator with rivals as it aims for a $1 billion revenue in the next four years.

The engineering services arm of Larsen & Toubro has used assets of its parent to connect over 4,000 sensors of machines and construction equipment of diverse manufacturers, analyse the data on a software platform to predict performance and efficiency, besides the life of a