IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Mindtree acquires AI startup to meet Industry 4.0 demand

The Indian company hopes to reposition its analytical services to cater for new digital transformation projects

Digital transformation and technology services company Mindtree is set to acquire NxT Digital Business, a cloud based IoT and AI platform, to help it better meet customer demand for analytical services with Industry 4.0 in mind.

NxT Digital Business was founded as a startup with broad digital capabilities within Larsen & Toubro (L&T), an Indian multinational technology company which Mindtree is also part of.

The acquisition was reportedly valued at Rs 198 crore (approximately £19 million) and is expected to be completed by July 31, 2021, as seen in a filing by Business Today.

The company hopes the acquisition will bring scale and market agility to meet the growing end-to-end digital transformation demands of its customers, and also help to facilitate the move to Industry 4.0.

Mindtree will use NxT Digital Business’ capabilities across several industry segments in integrating sensors and telemetry data with its advanced data analytics, including manufacturing and engineering, in a bid to create operational efficiencies and a differentiated customer experience, the company said.

“There is a huge opportunity ahead as global manufacturers and industrial companies are increasingly adopting Industry 4.0 focused smart solutions, systems, and processes, but are struggling to leverage data and analytics to drive efficiency and competitive advantage,” said S. N. Subrahmanyan, CEO & managing director at L&T.

Related Resource

10 keys to AI success in 2021

The challenges and rewards of AI

10 keys to AI success - whitepaper from DataRobotDownload now

“NxT Digital Business experience, talent, expertise and credentials, coupled with Mindtree’s global scale, technology leadership, and deep understanding of domain and delivery, are a powerful combination of focus and capabilities to meet clients’ requirements.”

In December, Mindtree teamed up with data and AI company Databricks to help customers implement cloud-based data platforms for self-service analytics, to enable users to analyse data, develop rapid reports and gain valuable insights without extensive IT support. Through the partnership, Mindtree said it will use Databricks’ unified solution to enable seamless implementation of self-service analytics to promote data-driven decision-making.

Featured Resources

Mastering retention

Turning user behaviour insights into retention strategies

Free Download

Dell PowerEdge with AMD

IT applications and infrastructure are the prime catalyst for new revenue creation

Free Download

Building for success with off-premises private cloud

Leveraging co-location facilities to execute your cloud strategy

Free Download

Cyber resiliency and end-user performance

Reduce risk and deliver greater business success with cyber-resilience capabilities

Free Download

Recommended

US lawmakers warn Apple against using Chinese chips in next iPhone
components

US lawmakers warn Apple against using Chinese chips in next iPhone

23 Sep 2022
Australian telco Optus confirms cyber attack involving potential leak of sensitive customer data
cyber attacks

Australian telco Optus confirms cyber attack involving potential leak of sensitive customer data

22 Sep 2022
Philippine senate to probe incessant surge in text scams
phishing

Philippine senate to probe incessant surge in text scams

8 Sep 2022
US blocks CHIPS-funded companies from investing in China
Policy & legislation

US blocks CHIPS-funded companies from investing in China

7 Sep 2022

Most Popular

46 US states call for Meta monopoly lawsuit to be reinstated
mergers and acquisitions

46 US states call for Meta monopoly lawsuit to be reinstated

20 Sep 2022
Anonymous hacks Iranian government and state broadcasters
cyber attacks

Anonymous hacks Iranian government and state broadcasters

22 Sep 2022
Why collaboration is key to digital transformation
Sponsored

Why collaboration is key to digital transformation

13 Sep 2022