The recent advance in technology has led to a massive digital wave in the engineering space, transforming physical products by making them smarter, more connected, autonomous, and intelligent. To cater to evolving customer needs and provide a rich customer experience, enterprises are making significant investments in next-generation technologies such as AI/ML, AR/VR, 5G, IoT, and cybersecurity, which serve as the backbone of digital products.
The rapid pace of innovation and the imperative to stay ahead of market trends in this dynamic space necessitate the establishment of a compelling partnership ecosystem. Such an ecosystem can help enterprises accelerate time-to-market for their innovations. To cater to this growing demand from enterprises, engineering service providers are actively enhancing their capabilities and offerings to unlock the potential of data from connected products, integrate multiple technologies for better user experience, and ultimately engineer technologically sound digital products.
In a recent study by analyst firm Everest Group, LTTS has been recognized as a leader in Everest Group Connected Product Engineering Services PEAK Matrix® Assessment 2024 – Embedded Engineering. This success is attributed to strength of LTTS in a healthy mix of IP, partnership, and labs across the three segments of connected product engineering services including engineering and design, embedded engineering, and connected platform engineering, a good delivery mix that enables us to serve customers onshore.
L&T Technology Services has been recognized as a Leader among 21 providers by Everest Group in their Connected Product Engineering Services PEAK Matrix® Assessment 2024. According to Everest Group, “L&T Technology Services’ portfolio spreads across the entire value chain of connected product engineering, with a deep focus on embedded engineering. In this area, it has strengthened its capabilities via investments in IPs, labs, CoEs, and partnerships with hyperscalers and technology vendors. Its solutions in medical technology and connected home particularly stand out, owing to continuous investments in AI/ML, IoT and edge intelligence,” says Nishant Udupa, Practice Director at Everest Group. “Clients appreciate L&T Technology Services for its domain knowledge, skilled talent pool, effective project management practices, and flexibility. These factors have contributed to L&T Technology Services emerging as a Leader in Everest Group’s Connected Product Engineering Services PEAK Matrix® Assessment 2024 – Embedded Engineering.”
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