Ennovasys was founded in 2008 by Uday Shankar (CEO) with the initial operations under the software services model. But by 2013, the company pivoted to being an integrated IoT solution provider.
Today, the company has developed world class IoT solutions comprising Smart3 e-Surveillance (providing banks with advanced security and remote monitoring using video surveillance of their ATM assets) with Video Analytics and Digital Platform for Schools known as “Smart3 Schools” (a solution to ensure safety and security of school students while also helping schools automate their business processes like Attendance Management, integration with existing school ERP software and others). Ennovasys is at the forefront of a new wave in computing called Edge Computing wherein intelligence is pushed to edge devices and the cloud is used only on an as-needed basis.
But there are several companies providing similar solutions. So what differentiates Smart3 then?
Smart3 brings not one but four distinguishing features that make it stand far ahead of the competition. The company not just builds the software but even the hardware, thus offering an integrated solution to its customers.
The solutions are tested and validated in the market and the intelligence is built at the edge. "We provide complete solution rather than pocketing from others. This provides us complete control over all hardware and the product even becomes cost effective," adds Uday. Additionally, any data generated from the solution is encrypted, which prevents any unauthorised access and/or use of data, thus ensuring better security.
Ennovasys is well positioned to be a strong player in this market in the near future. We are partnering with some ATM manufacturers to take our Smart3 Surveillance Pan India and then extend it to Asian and European markets.
The company looks to spread its footprints in Australia, Singapore, Malaysia and Dubai markets as well. "We are at the right junction to capture the growing IoT market as all our solutions can make lots of decisions at the edge and doesn't require to go to the server. Going forward, we aim to be the largest IoT player in India," concludes Uday, adding that the company is actively seeking funding and is looking for strategic investors to grow the business.