L&T Technology Services Limited announced the development of Smart City & Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company – a result of its expanded partnership with Microsoft.
The smart office campus being developed by the firms will use IoT-enabled sensors and predictive analytics. L&T Technology Services’ smart buildings i- BEMS platform will provide energy saving technology and cloud-based asset management that complement Microsoft’s Digital User Experience design solutions. Used together, LTTS and Microsoft technologies can lower customer energy bills by up to 40 percent, provide ‘Net-Zero’ energy generation management, and extend the asset life for cities, campuses and buildings.
Last October, LTTS and Microsoft entered into a strategic partnership to enable enterprises around the world to leverage L&T Technology’s cutting-edge IP-led Digital Engineering solutions hosted on Microsoft’s Azure enterprise cloud-first, mobile-first infrastructure.
The Smart Campus will be the centerpiece for a new era of modern Smart City technologies that open numerous opportunities to provide repeatable solutions around energy efficiency systems, lighting controls, thermostats, sensors, and alarms – all connected to an intelligent software IoT platform.
By 2021, the global Smart Campus & Building market size is expected to grow from USD 5.73 Billion in 2016 to USD 24.73 Billion, at a Compounded Annual Growth Rate (CAGR) of 34.0% during 2016–2021, according to Research Firm Markets & Markets.