LTI recognized as a Innovator in Avasant’s Manufacturing Digital Services 2020-2021 Radarview™ Report
Using data driven approach, proprietary products, and strategic alliances to deliver industry specific solutions. Have deep domain expertise in industrial, process, automotive, and aerospace manufacturing.
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“An automated process with integrated production operations and field services for smooth functioning of the factory”
AVASANT ANALYST INSIGHTS
Practice Maturity
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Manufacturing is one of LTIs primary industries as it contributes more than 25% of total revenue. LTI’s digital strategy for itsclients include modernizing the core, digitizing processes and operations, and leveraging insights from data to enhance experience and contain cost.
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To ensure tangible outcomes, LTI has developed deep-domain solutions in targeted sub-industries such as industrial, process, automotive and aerospace. For example, it improved the EBIT margin by 2% for a construction company by improving productivity of workers andplant by more than 10% and reducing material cost by 7%.
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LTI leverages its wide product portfolio (Mosaic, Leni) to co-develop and co-innovate industry-specific solutions aligning to specific business challenges for the clients. For example, to reduce operational and application cost and improve the performance of a leading manufacturing company, LTI leveraged its Mosaic platform to automate the processes and analyze the data for improved reporting and better dashboards.
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With innovation-led and data-driven approach, it has deployed digitally-converged solutions for its clients across manufacturing, supply chain, and aftersales parts of the value chain. For example, it deployed Connected Pump solution for a client to improve service efficiency(aftersales).
Partnership Ecosystem
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To develop industry-specific solutions, LTI has partnered with leading technology providers such as Microsoft (Connected Elevator, IoT Data Validator), PTC (Connected Pump and Smart Campus), and AWS (Quality inspection).
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It has partnered with leading software companies to co-develop and implement business solutions for the manufacturing clients. Specifically, it has a joint IP with Oracle for a logistics solution and has co-innovated with SAP to develop EC&O solution.
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LTI has tie-ups with many niche companies like Ignition (for asset management), Indegyfor (Industrial Control Systems) and academic institutions like MIT CISR, Chennai Institute of Mathematics (to enhance its supply chain management solutions and other analytical solutions).
Investments and Innovation
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LTI has made a couple of strategic acquisitions in 2019 to strengthen its AI capabilities. It acquired Lymbycto add Leni (autonomous investigative intelligence platform), NLP, and predictive analytics capabilities, and Powerup to add two AI-based platforms and cloud consulting capabilities.
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Organically, LTI has invested in building innovation center and design lab to co-innovate and develop industry-specific use cases. It has also established a business lab for a client in India to identify opportunities for improvement and resolve them using reusable add-ins.
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With annual reskilling rate of 30%, it has established LTI university which prioritizes on development of talent and expertise in both technology and domain. It has more than 4,000 modules which were leveraged for certifying 4,500 employees.
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