They will focus on specific verticals, including industrial, manufacturing and smart facilities to co-develop solutions around 'Connected Products and Operations' like remote monitoring, smart inventory management, smart building and facilities management, a statement said.
The two companies will also set up an incubation centre in Noida to develop these solutions for the chosen industries, it added.
IoT is described as a network of inter-connected devices that can be accessed through the internet.
For instance, with IoT, street lights will automatically go off when they sense no traffic on the roads and consequently, save power. Another application could be a smart band that will automatically alert a physician when body vitals go to abnormal levels.
"The intersection of employees, data and technology enabled intelligent machines is creating fundamental shifts in enterprise business models, leading to not only increased productivity and efficiency but also opening a plethora of new revenue opportunities for companies," HCL technologies EVP (Engineering and R&D services) and Head (IoT Business) Sukamal Banerjee said.
The partnership with IBM will provide replicable use cases for companies and enable accelerated adoption of IoT within and across industries, he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
