Vodafone Idea climbs 2% as telecom company strike into IoT space

Vodafone Idea climbs 2% as telecom company strike into IoT space

Vodafone Idea shares climbed over 2 percent on Friday after the telecom company announced an attack into the integrated Internet of Things (IoT). While its enterprise’s segment, as it looks to transform itself from a traditional connectivity service provider to a technology company.

Moreover, with this industry-first initiative, VIL has become the only telecom company in India. To offer a secure end-to-end IoT solution offering that comprises connectivity, hardware, network, application, analytics, security, and support. However, the offer is designed to simplify and accelerate the digital transformation journey for enterprises, the company said in a filing to BSE.

However, the development of the stock rose 2.48 percent to hit a high of Rs. 9.67 on BSE. Chief enterprise business officer, Abhijit Kishore said on Thursday that the company will also look at offering cloud services. The company wants to get into three specific fields. The first will be the IoT and integrated space.

The second on collaboration, which includes a host of SaaS (software as a service), and the third will be cloud services. From being a traditional connectivity player, we will be connectivity plus collaboration plus IoT. And integrated IoT and a cloud platform, Kishore said at a virtual conference.

While the company announced the launch of IoT solutions that can track the performance of machines and control them remotely. Vi Business shared that the company has already deployed a smart metering solution for one of the power distribution firms. That remotely collects meter readings and informs the customers about their consumption and load patterns.

An end-to-end Platform:

On the other side, Kishore said the company expects huge growth from integrated IoT solutions in the coming days. The report from Vodafone Idea comes a day after Bharti Airtel announced the launch of Airtel IoT – an end-to-end platform with the capability. To connect and manage billions of devices and applications.

Kishore said that IoT solutions offered by Vi Business are different from those of the competition. While he claimed that Vi Business is a significant player in the automotive space and has around 85-90 percent of business in the connected car segment. All the major automotive industry manufacturers – Tata Motors, Kia, Hyundai, Daimler, etc., we are working with them, Kishore said.

The post Vodafone Idea climbs 2% as telecom company strike into IoT space appeared first on Stock Investor.

Original Article

Published
Categorized as Stock