SCOTTS VALLEY, Calif. and PUNE, India, Aug. 1, 2019 /PRNewswire-PRWeb/ -- Altizon, a global industrial IIoT platform company today announced that global research firm IDC (http://www.idc.com) has recognized Altizon in their IIoT (Industrial Internet of Things) Platform MarketScape in both the energy and manufacturing spaces. Altizon is one of eight IIoT platform providers included in the IDC MarketScape: Worldwide Industrial IoT Platforms in Energy 2019 Vendor Assessment and one of 11 IIoT platform providers included in the IDC MarketScape: Worldwide Industrial IoT Platforms in Manufacturing 2019 Vendor Assessment.
IDC predicts that worldwide technology spending on the Internet of Things will reach $1.1T in 2023 , attaining a CAGR of 12.6% over the 2018-2023* forecast period, with manufacturing and transportation as the two highest spending industry sectors.** For the IDC MarketScape: Worldwide Industrial IoT Platforms in Energy 2019 Vendor Assessment, IDC assessed industrial IoT platform providers focused on the energy industry, including both oil and gas and utilities. In addition to meeting revenue thresholds, the ability to support global deployments, and customer requirements, each vendor had to offer: a commercially available software platform that can be used to build and deploy IoT applications and manage IoT devices; native support for industrial protocols within the platform; edge application frameworks and runtimes; analytics tools, including dashboards and advanced analytics; security capabilities within the platform architecture; tools to create "thing models;" and API access to IoT data.
For the IDC MarketScape: Worldwide Industrial IoT Platforms in Manufacturing 2019 Vendor Assessment report, in addition to meeting revenue thresholds, the ability to support global deployments, and customer requirements, each vendor had to offer: a commercially available software platform that can be used to build and deploy IoT applications and manage IoT devices; native support for industrial protocols within the platform; edge application frameworks and runtimes; analytics tools, including dashboards and advanced analytics; security capabilities within the platform architecture; tools to create "thing models"; and API access to IoT data.
"Altizon is proud to be included on a select list of IIoT companies that are making inroads in both the energy and manufacturing sectors by IDC, one of the most respected market analyst firms," said Vinay Nathan, CEO of Altizon. "As we continue to execute with our edge data platform, Altizon is demonstrating to manufacturers and diverse energy, petrochemical and agricultural companies how to utilize their machine data to improve manufacturing quality, output and profitability."
With over 100 international customers and platforms supporting billions of data transactions per month, Altizon is empowering Industrial Digital Revolutions globally. The company has implemented over 276 IIoT initiatives and is helping enterprises use machine data to drive business decisions.
Altizon enables digital transformation in enterprises by accelerating Smart Manufacturing initiatives, modernizing Asset Performance Management and pioneering new Business Models for service delivery. Altizon's Datonis IIoT platform accelerates IT/OT integrations by helping connect diverse industrial assets and launching new applications over a hybrid infrastructure with edge computing, advanced in-stream analytics, an application development framework and Deep Learning capabilities.
About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Altizon
Altizon empowers Industrial Digital Revolutions globally by helping enterprises use machine data to drive business decisions. We enable digital transformation in enterprises by accelerating Smart Manufacturing initiatives, modernizing Asset Performance Management and pioneering new Business Models for service delivery. With a global footprint of over 100 enterprise users, Altizon is a leading Industrial IOT platform provider as recognized by IDC, Gartner, BCG, Frost & Sullivan, and others. For more information: http://www.altizon.com
- IDC 2019 Worldwide Semi-annual Internet of Things Spending Guide
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PR Contacts:
Ranjit Nair
Altizon
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Ilona Mohacsi
PenVine for Altizon
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SOURCE Altizon
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