ORBCOMM makes a move to add business intelligence to supply chain asset management data.
ORBCOMM has announced a “new Cloud-based analytics service that leverages ORBCOMM’s extensive telematics expertise and industry-leading portfolio of IoT solutions to provide greater insights into the operations of its customers’ enterprises”.
The new analytics offering will allow customers to extract “real-time information” from telematics data to “determine patterns and predict future outcomes and trends, significantly improving operational efficiency and driving better business results,” ORBCOMM stated. The service is focused on the transportation & logistics, supply chain and heavy equipment markets.
Data analytics is not ORBCOMM’s core business, and it has “licensed production-hardened core technology and hired a world-class team of industry experts to launch and distribute its data analytics service, which is now commercially available”. The technology includes a contemporary “open core” analytics platform, which contains Hadoop infrastructure and a broad variety of tools, including Apache Spark.
In the container tracking and monitoring market some asset owners are struggling with how to achieve a return on investment from the large stream of telematics data that monitoring their assets would generate, and how to integrate that data into their existing business processes. This is where ORBCOMM is focusing: “the new analytics Cloud service will provide more in-depth descriptive, predictive and prescriptive results to optimize customers’ operations. Through this new offering, ORBCOMM will deliver robust analytics services cost-effectively and at high speed, resulting in broader strategic benefits and long-term ROI for its customers”.
“ORBCOMM continues to exemplify leadership and innovation in industrial IoT by redefining what it means to be an end-to-end IoT solutions provider with the addition of our new analytics Cloud service,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM Inc. “By responding to customer demand for more sophisticated business intelligence applications, ORBCOMM has launched a comprehensive analytics platform that can transform asset data into usable, ROI-driven information to help customers improve performance and efficiency and make better business decisions.”
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