On October 8, 2024, LTIMindtree, a global technology and digital solutions provider, introduced a new platform called Smart Spaces 2.0, aimed at digital transformation and enhancing Environmental, Social, and Governance (ESG) efforts.
This platform allows both new and existing buildings to be equipped with modern IoT devices, giving facilities teams real-time access to important data on energy use, emissions, water, and waste. This can help investors, landlords, building managers, and tenants improve operational efficiency and cut costs in residential and office buildings.
Smart Spaces 2.0 supports complete ESG reporting in commercial and industrial spaces and provides predictive maintenance insights. It can be integrated with existing building and plant management systems, allowing users to respond quickly to system alerts. As part of LTIMindtree’s iNXT Digital Transformation Platform, Smart Spaces 2.0 offers a comprehensive solution for optimising building operations while helping companies meet sustainability standards like GRI, TCFD, BRSR, CSRD, and Greenmark.
Monish Mishra, Chief Business Officer, iNXT, LTIMindtree, says, “LTIMindtree’s iNXT business is excited to announce the launch of the Smart Spaces Solution. This innovative solution, along with its accelerators, has a comprehensive suite designed to drive and expedite enterprises towards smart building transformations and ESG excellence. Smart Spaces is both modular and adaptable and can be seamlessly integrated with the organisation’s ESG ecosystem.”
The Smart Spaces 2.0 platform offers global insights with trend analysis on sustainability across key areas—Environment, Social, and Governance (ESG)—and provides an ESG Score. It uses advanced analytics to predict gaps and suggests ways to improve energy efficiency, conserve water, recycle waste, and track and reduce emissions. The platform ensures full transparency in supply chain management, vendor management, and Corporate Social Responsibility (CSR) activities. It also enhances productivity in workspaces by improving indoor environmental quality and ensuring the safety and well-being of occupants.
LTIMindtree has implemented Smart Spaces 2.0 in its offices in Bengaluru, Mumbai, and Chennai, with plans to roll it out to other cities in India.
LTIMindtree is a global tech consulting and digital solutions company that helps businesses transform by using digital technologies. It works with over 700 clients across different industries, helping them rethink their business models, drive innovation, and achieve growth. With over 81,000 professionals in more than 30 countries, LTIMindtree, part of the Larsen & Toubro Group, specialises in solving complex business challenges and delivering large-scale transformation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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