L&T Technology Services wins Smart City & Campus project
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%, provide ‘Net-Zero’ energy generation management, and extend the asset life for cities, campuses and buildings. The multi-year project was awarded shortly after LTTS and Microsoft expanded their existing partnership for Smart City, Campus & Building (SCCB) solutions based on Microsoft Azure. 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 CAGR of 34% during 2016–2021, according to a leading research firm that published a report in a leading business daily.