Connected Analytics announces their SIMETRIC™ suite of SaaS-based services that provide the ability for companies to effectively and efficiently manage the connectivity of their Internet of Things (IoT) devices and services. The capabilities provided in this platform will enable companies to maximize the impact that IoT can have on their business.
IoT is transforming companies across every industry worldwide as they leverage connectivity to innovate their business processes. By turning products (things) into connected devices, this digital transformation helps enterprises operate smarter and more efficiently, and more profitably. Businesses can establish an always-on, anywhere relationship with their customers, and deliver value-add connected services that unlock new recurring revenue streams.
85% of businesses are already considering, exploring or implementing an IoT strategy and 6 in 10 organizations claim to have some type of IoT initiative underway (McKinsey).
The Challenge: While connected devices are growing into the tens of billions, revenue per device is declining. To grow IoT revenue, resellers and end customers need to lower the cost of supporting customers by giving them self-serve capabilities. Enabling their customers to efficiently manage device connectivity on their own allows them (and the reseller) to operate more profitably.
Solution: SIMetricTM is purpose-built to drive profitability for IoT devices. Automation and self-serve capabilities enable massive scaling while lowering operational costs and support needs for users and customers. The platform empowers companies to manage different connectivity use cases from cellular IoT (3G, 4G, 5G) to NB-IoT SMART Cities applications.
Solution providers can provide guidance and services for using IoT analytics, like assessing a customer’s operations or supply chain and making recommendations for ongoing management and monitoring solutions based on data. You can’t manage (or sell) what you can’t measure and control.
With SIMETRIC™ as a SaaS offering, there is a straightforward, low capital intensity way to enable the full potential of the IoT opportunity. Key functionality includes:
Connected Analytics is pleased to provide this game-changing platform to the IoT industry to ensure that industry growth will not be impacted by the inability to efficiently manage connectivity and looks forward to continuing to provide continuing enhancement as the industry evolves over the next several years.