The pace of technological change has accelerated considerably, says Chadha. “Earlier the cycle used to be between 5-6 years, today the technology change is happening on a 3-year cycle,” he explains. Innovations in artificial intelligence (AI) and cyber-cloud technologies are at the forefront of this rapid evolution, “creating immense pent-up demand and driving several changes across industries”. LTTS, till December 2023, had filed around 57 patents for AI.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.