Hyderabad: Kellton Tech, a Hyderabad-based IT services and solutions company, is focusing on Internet of Things (IoT) and Data Analytics, and sees almost 50 per cent of its business coming from digital transformation. It sees 2017 as the inflection point for digital transformation. The company is looking at acquisitions in the areas of artificial intelligence and machine learning space. The company wants to create a war chest for near-term acquisitions.
The company plans to fund the organic growth through internal accruals. But for its inorganic growth, debt route has been tapped. When the time is right, Kellton plans to go to market and raise equity for future acquisitions.
The company has been constantly investing in next wave technologies since 2009. Gartner says today 25 per cent of the companies are either adopting or thinking of going digital and this is expected to touch 75 per cent by 2020. Kellton sees that digital transformation will contribute 75 per cent of its revenues by that time.
Internet of Things
The IoT is becoming increasingly significant in the technology space. It is enabling productivity improvements. Global companies are constantly investing in this area as IoT is applicable in a variety of sectors such as traffic management, telecom, power, oil and gas sectors. It has a potential of over $3 trillion.
Companies such as GE are using IoT in the aviation industry. IoT has a huge potential on the power turbines segment. It is sending huge data that is helping companies to refine their processes. IoT devices do not need batteries, which is a big cost advantage.
On the other hand, analytics has come out with productised solutions and is going to be the next major game changer in the industry. “We are now seeing predictive analytics. IT companies are constantly innovating. Big companies are however struggling to make themselves ready to tap opportunities here as they had concentrated their efforts all these years elsewhere. But we at Kellton are already prepared to use analytics for across verticals. New technology adoption is in our DNA,” Niranjan Chintam, Chairman, Kellton Tech told Telangana Today.
Kellton is serving industry majors such as Lockheed Martin and Coca Cola. Coca Cola is implementing a pilot project, where Kellton is asked to monitor its refrigerators through sensors.
Kellton is also getting actively involved in projects and areas which have maximum social impact both in India and globally. For instance, in Uttar Pradesh, Kellton came out with a mobile solution that enabled enrollment through accredited social health activists (ASHA) fronline workers for immunisation and other government health initiatives. Kellton provided videos to health workers on symptoms for different health conditions and nurse visits are scheduled through analytics based on the severity of the case so that the end beneficiaries get the outcome, intended.
The World Health Organization (WHO) wants to replicate the model in Africa now. The company will also be executing several other citizen services in other states. Kellton is on the verge of creating a new fitbit like device that can recognise not just pulse and temperature but also BP. In the US, where senior citizens alone, such devices can come in handy to send alerts to their family members.
He added, “We are going to get into machine learning and artificial intelligence in the next few years. We are also focusing on blockchain technology to serve the banking and financial sector. We had been a tactical company in terms of acquisitions. IT sector globally is seeing a lot of volatility. But India is very well placed to take a big leap in future among the emerging markets.”