ISG | July 25, 2022
U.S. enterprises investing in the Internet of Things (IoT) increasingly are starting out with long-term strategies instead of just discrete proofs of concept, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2022 ISG Provider Lens™ Internet of Things — Services and Solutions report for the U.S. finds a growing number of U.S. organizations want to develop a high-level view of their IoT future while achieving immediate, measurable benefits from the technology.
“Enterprise IoT plans are growing more ambitious,” said John Lytle, industrial manufacturing client lead for ISG in the Americas. “Companies are looking to optimize their operations, address security threats and extract insights from IoT data.”
Advances in AI and machine learning have expanded the possibilities of IoT analytics, ISG says. In its most basic form, IoT gives enterprises visibility into their operations by collecting data from sensors in machine tools, vehicles and other assets. That data can be used in real time to track objects, generate alerts or predict failures. Using analytics tools, managed services providers are now using the same data sources to derive higher-level business insights.
As in most IT fields today, both enterprises and service providers face a tight market for qualified professionals who can design, integrate and operate complex IoT systems, the report says. Providers and clients are opening delivery centers in Eastern Europe, Latin America and Asia Pacific to spread out the risk of attrition beyond established centers in India.
“Managed IoT services are most affected by the skills shortage, Providers are responding with recruitment, training and intelligent automation.”
Jan Erik Aase, partner and global leader, ISG Provider Lens Research
Enterprises are seeking plug-and-play interoperability among devices, software and networks so they can respond to future requirements and avoid vendor lock-in, but this remains a challenge, ISG says. To deliver maximum value, an enterprise’s IoT infrastructure often needs to be customized to work with specific telecom networks and hyperscale cloud platforms. Yet a lengthy integration process can cut into a project’s return on investment. Providers are continuing efforts to offer open platforms and smooth integration services.
The 2022 ISG Provider Lens™ Internet of Things — Services and Solutions report for the U.S. evaluates the capabilities of 33 providers across five quadrants: Strategy Consulting, Implementation and Integration, Managed Services, Mobile Asset Tracking and Management, and Data Management and AI on the Edge.
The report names Atos, Capgemini, Cognizant and HCL as Leaders in all five quadrants. It names HARMAN DTS and IBM as Leaders in four quadrants each and Accenture and Siemens as Leaders in three quadrants each. Verizon is named as a Leader in two quadrants, and Bosch, Infosys, LTTS, PwC, TCS and Wipro are named as Leaders in one quadrant each.
In addition, Hitachi Vantara is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants. Cyient, eInfochips, HARMAN DTS, HPE, NTT and TCS are named as Rising Stars in one quadrant each.
Customized versions of the report are available from Cyient and PwC.
The 2022 ISG Provider Lens™ Internet of Things — Services and Solutions report for the U.S. is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.
SOFTWARE AND TOOLS
Nexxiot | June 01, 2022
Nexxiot, the global TradeTech pioneer, welcomed Knorr-Bremse as a new customer and strategic investor. Knorr-Bremse is the global market leader for brake systems and other rail and commercial vehicle systems. Knorr-Bremse and its North American subsidiaries New York Air Brake and Knorr Brake Company will integrate Nexxiot's IoT hardware and software into future rail products and systems, proactively driving digital connectivity into its vast railroad customer base, in a major deal that will shape the future of rail transportation. Knorr-customers Bremse's will benefit from higher vehicle availability, optimized lifetime costs, and greater operational efficiency by linking their rail brakes, doors, HVAC, sanitary, and other systems to Nexxiot's digital environment. The company will also solidify its position as one of the most innovative rail providers, providing clients with appealing new insights and digital services.
Knorr-Bremse joins Nexxiot as a strategic minority investor. Existing shareholders and the leading investment management firm QVIDTVM, directed by Burak Alici, have increased their holdings.
"As a core element in our strategy, we're using digitalization to leverage our already strong position in safety- and mission-critical rail vehicle systems, and to generate further growth and strong profitability. Together with Nexxiot's dedicated team, we're now pressing ahead with our ambition to add further value for our customers. By combining our systems technology with Nexxiot's digital ecosystem, we're creating a win-win scenario that will boost vehicle availability and lower the total cost of fleet ownership by leveraging a new generation of data-based services," explains Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG and responsible for the Rail Vehicle Systems division.
"This partnership with Knorr-Bremse, a leading supplier of rail vehicle systems, will help us build the best products and services for the industry. Together, we aim to accelerate the digitalization of key areas like rail freight and automation services. At the same time, we'll also be able to speed up our own expansion in the rail industry and continue our strong growth, Specifically, our sensors and scalable cloud-based platform help turn rolling stock assets into connected, data-generating industrial objects. Leveraging rail data in real-time will be a key success factor in helping make rail and rail services fit for the future."
Stefan Kalmund, CEO of Nexxiot
The Nexxiot Globehopper LINK gadget, which checks the status of some of the most critical sections of a railcar, such as doors and brakes, and sends the data to the cloud, will be deployed by Knorr-Bremse. Nexxiot uses unique algorithms and Big Data analytics to transform this data into new business information and data-driven services for all stakeholders in the value chain.
This Internet of Things technology will enable operators to automate important business processes and get a wealth of new insights, resulting in a significant increase in efficiency, sustainability, customer service, and profitability. Train parts that haven't been monitored in real time are now visible and accessible digitally.
Clovity | July 12, 2022
San Francisco Bay Area based Clovity has partnered with Colorado based company EUCAST Global in a strategic move that will align the private network capabilities of EUCAST and their steadfast, reliable and low latency 5G/CBRS radio base stations with Clovity's highly capable IoT software platform. The end result is an 'IoT network in a box'. A fully deployable private network capability coupled with the software that can bring forward smart devices and aggregated data that is truly at the edge of a network.
"This new strategic partnership will re-shape how we go to market with many of our industrial and smart city clients as a start. We are already seeing the synergies in providing a turn-key solution that meets the needs of clients wanting to manage their smart devices remotely by placing them onto a network that is both secure and highly scalable. Our IoT software, called CSensorNet, reads data from these devices and can display analytics right from the network using our artificial intelligence and edge component of our IoT application."
Chief Strategy Officer, Chris Medina
Medina further commented that, "Clients are focused on security of their network and the devices that provide critical information. This is not just on the infrastructure but also data that can be used to make real time decisions and even facilitate machine learning. More and more companies are moving to Private Networks and deploying them to capture the CBRS spectrum as a cost savings compared to big telco infrastructure and costly cellular usage fees."
The global private 5G network market size was valued at USD 1.38 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 47.5% from 2022 to 2030 and the IoT market is expected to grow by USD 421.28 billion at a CAGR of 32.95% as per the latest market report by Technavio and Grandview researchers. The EUCAST and Clovity partnership seeks to capitalize on this and begin to revolutionize an already disruptive industry.
More About Clovity
Clovity is a San Francisco based IoT-as-a-Service platform provider powered by CSensorNet and Digital Transformation professional and managed services provider in IoT Digital, Cloud and Data who has earned the trust of top Fortune 500 Companies.
Our proprietary platform CSensorNet connects companies to their assets and the world of ‘things’ around them. We have engineered our solution to provide edge computing, artificial intelligence, cloud agnostic and network, coupled with powerful data analytics and data visualization. Our deployments provide IoT capabilities in days, not months, Clovity simplifies the deployment, management & operations of IoT solutions. We operate in several models of IoT deployment, most relevant is IoT-as-a-Service. By providing all hardware, software, and professional support all for a single monthly price. Our ‘service’ includes data analytics, 24x7 tech support, hardware replenishment or replacement, on-line customer portal and a team of engineers to ensure the solutions are future proof.
Whether on the forefront of working with our clients on 5G products for the next generation of Smart Cities or Smart Infrastructure, Smart Sustainable Buildings, Connected Healthcare, and Connected Spaces or developing new solutions for global Asset Tracking and Asset Management, our services can scale to meet any demand and in any vertical.
We are a supplier to the Federal Government, numerous Public sector organizations and Fortune to high growth technology companies. We are minority owned business enterprise and Diversified & Inclusive certified. Clovity was selected in the top quarter of all companies award on the 2021 Inc. 5000 list, 2020 “Emerging Company of the Year for the Enterprise Market” and again in 2021 as "Global IoT Innovation Vendor of the Year” by IoT Vendor Breakthrough Awards and in the “Top 50 IoT Enterprise growth companies” for 2018 & 2019 by CIO Review Magazine.