Hero Electronix enters IoT space with Zenatix acquisition

By OEM Update Editorial June 11, 2018 3:37 pm IST

Hero Electronix, a Hero Group company, announced its entry into the IoT space on 29th May in New Delhi 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” of real-time data can make help drive improvements in efficiency, improve velocity of operations and provide new consumer insights.

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