Telit, a company into the IoT (Internet of Things) technology business has tied up with Tech Mahindra to develop solutions in that line of business.
The agreement includes combining and integrating Telit’s portfolio of IoT products and services with Tech Mahindra’s system integration capability and to develop solutions. Further, both companies are also pursuing new business opportunities across many markets and industries, such as IoT horizontal and Industrial IoT around the world, executive said. Also, Telit will outsource related engineering development and testing activities to Tech Mahindra.
Industry watchers opine that as companies are exploring ways in which IoT can help them improve operational efficiencies and drive new business models, many - especially large multinational enterprises – remain intimidated by having to put all the pieces together by themselves. Telit and Tech Mahindra are jointly addressing these concerns by offering clients IoT solution consulting, solution development and operations that reduce the complexity, risk, cost and time-to-market versus trying to develop a custom project in-house.
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