Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering today announced Global technology giant, Tech Mahindra, has joined forces with The Open University and Milton Keynes Council in leading the charge in the UK's Smart Cities revolution.
At a special ceremony, top representatives from the OU and Council were joined in Milton Keynes by the CEO of India-based Tech Mahindra to sign agreements which will see the parties work closely together in researching key areas behind Smart Cities. This makes Tech Mahindra one of the first Indian IT companies to work on integrated solutions across connected ecosystem for Smart Cities in the UK.
Smart Cities harness the power of big data to improve the running of key services such as energy and transport, making them more reliable and efficient. The new partnership between the three organisations will focus its efforts on the following key areas energy; transportation; electric vehicles; connected Ecosystem; internet of things.
Commenting on the partnership, CP Gurnani, MD & CEO, Tech Mahindra said, ''Our unique combination of capabilities in both the communications and enterprise domains positions us well in the digital marketplace. We are excited to be part of this ambitious vision and eager to transform Milton Keynes to a smart city.'' He also added, ''This partnership brings skills from both academia and the commercial world which will deliver great benefits in furthering research in our increasingly digitised and connected world.''
Shares of the company declined Rs 1.1, or 0.04%, to settle at Rs 2,641.25. The total volume of shares traded was 17,173 at the BSE (Friday).