HCLTech recognized as HFS Horizons 3 Market Leader in Industry Cloud Services

• 23 Sep 2024
• TM Team
• 0 Comments

HCLTech, a leading global technology company, has been recognized as a Horizons 3 Market Leader in the HFS Horizons report on Industry Cloud Services, 2024. The report highlights HCLTech’s engineering-led expertise in accelerating cloud native transformation for its clients across verticals, helping them create new revenue streams and enhance productivity.

“HCLTech’s ambition for Industry Cloud is to deliver engineering-led business transformation. What makes it stand out is the willingness to co-innovate and to engage in ecosystems. Clients reflect on HCLTech’s agile resourcing at fair costing models underpinning those transformation journeys,” said Tom Reuner, Executive Research Leader and Head of EMEA, HFS Research.

As a HFS Horizons 3 Market Leader, HCLTech has demonstrated the ability to drive ecosystem synergies across hyperscalers and OEMs to create new sources of value for its clients and partners. HCLTech’s advisory-led approach to industry cloud and strategic execution capabilities across all value creation levers like talent, domain, technology, data and change at scale are helping its clients deliver business outcomes effectively.

The report acknowledges how HCLTech deployed its Real-Time Manufacturing Insights (RMI) solution for a leading European manufacturer of food processing machines to help monitor, analyze and adjust its industrial processes, resulting in 50% revenue gain in after-market services, 75% increase in machine uptime and 30% waste reduction.

“HCLTech’s engineering DNA and integrated data, GenAI and cloud capabilities deliver outcomes across the industry value chain as well as the organizational value chain,” said Siki Giunta, EVP, CloudSMART and Google Ecosystem Business Unit, HCLTech. “We are committed to guiding businesses toward sustained growth and competitiveness via our industry-specific cloud solutions. Our holistic approach helps organizations to embrace digital transformation and thrive in today's dynamic business environment.” 

Delivering industrialization at scale with CloudSMART, HCLTech leverages over 100 industry cloud (IC) solutions to help enterprises modernize their IT landscape and maximize their cloud investment. HCLTech supports clients in their cloud native journey by enabling advanced capabilities such as enhanced security, performance, engineering mobility and sustainability via its key industry cloud solutions such as Net Zero Intelligent Operations (NIO), Regulated Medical Applications through CARETM (Connected Asset in a Regulated Environment), HCLTech Insurance Cloud and 1PLMCloud.