Hero Electronix announced its entry into the IoT space with the acquisition of Gurgaon-based Zenatix, an enterprise focused internet-of-things (IoT) solutions company. Hero Electronix believes that IOT can fundamentally enrich people’s lives and bring in tremendous efficiencies in business. As sensors proliferate (India projected to have an installed IoT device base of ~2.0 billion units by 2020 according to NASSCOM) and data connectivity becomes ubiquitous, vast amount of real-time data can transform business processes.
Further, artificial intelligence deployed over this “ocean” ofreal time data can make help drive improvements in efficiency, improve velocity of operations and provide new consumer insights.
UjjwalMunjal, Founder Director, Hero Electronix said: “At Hero Electronix our vision is to solve real-world challenges through innovative use of new technologies like IoT. If we examine the IoT space in India today, we only see the tip of the proverbial iceberg.
As our team drives innovation, we are exploring acquisition and partnerships with start-ups like Zenatix, who are combining technology and data driven insights for sectoral disruption. While our IoT solutions are for enterprises to begin with, we are getting ready to venture into the consumer segment.”
With this acquisition, Hero Electronix has rapidly expanded into the IoT space, helping enterprises tackle business challenges through the deployment of connected-devices. Founded in 2013 by IIT-Delhi engineers, Zenatix has built its own proprietary IoT stack, which includes hardware, cloud-based software and big-data analytics. Zenatix’s current customers include banks,ATM management companies, retail chains and QSR outlets. They help improve efficiencyand control in their operations and enhance customer experience. Leveraging its advanced Machine Learning (ML) based model, Zenatix analyses over 10 million data points every hour and deliver significant value in areas such as predictive maintenance and consumer experience analytics.
Through its multiple ventures in the innovation-led technology domain now, Hero Electronix has a strong platform which Zenatix can leverage to strengthen its presence in the market. Hero Electronix plans to work closely with Zenatix to introduce new solutions to its existing clients and enter new segments.One of the aims of the company is to help address business challenges in retail, hospitality and logistics verticals through the deployment of IoT and emerging technologies. Also, Hero Electronix plans to widen the reach of Zenatix by foraying into global markets – countries such as SE Asia with similar challenges as the India market.
