Thanks to Exosite Exchange, an IoT Marketplace for Digital Ecosystems that Optimizes and Accelerates Connected-Product Development companies can reduce connected-product development costs, decrease time-to-market, and enhance product quality.
Not every industrial company needs to build a digital platform for their industry, but doing so can generate enormous value for your customers and your own organization. Many companies are unprepared for the Industrial Internet of Things (IIoT), according to a new study just released by the Business Performance Innovation (BPI) Network that suggests "Less than 2 percent of large companies say they have a clear vision for how to move forward or have large-scale implementations underway”
This week, during Hanover Messe show, Exosite LLC, a leading provider in the Internet of Things (IoT) platform market, announced Exchange, a curated library of reusable IoT elements, including industry-proven services, products and content, that enables industrial manufacturers to rapidly solve common IoT challenges and plans to help the companies looking to build their own. Exchange helps industrial manufacturers implement a centralized approach to IoT development that focuses on standardization, reuse and collaboration to reduce costs and avoid duplicated efforts. With Exchange, organizations can expect to slash development costs by 50 percent and accelerate time-to-market by 30 percent, making the economics of IoT much more feasible.
Large organizations entering the IoT world quickly realize that developing an IoT digital ecosystem can be expensive and time-intensive, and attempting to execute this process multiple times within the same company can be a recipe for failure. In an attempt to alleviate these challenges, traditional IoT marketplaces have offered links to separate services, but those services still require manual integration and management. Exosite’s Exchange is the first marketplace of its kind to offer pre-integrated elements specifically tailored to the needs of industrial manufacturers that can be added to a solution with the click of a button, resulting in a more seamless, customized experience for end users. The exchange also provides the architecture needed to share and reuse elements across divisions, establish IoT standards and best practices, and integrate with other business systems to dramatically accelerate time-to-market, maximize budgets, and fast-track ROI.
Exchange Key Features
Pre-Built Elements: Exchange’s proven elements provide design patterns, pre-built applications, integrations and templates for secure IoT development.
Custom Elements: Users can design and share elements within a private version of Exchange to help internal resources quickly develop their applications using pre-approved brand standards, security requirements, and communication protocols.
Mosaic Approach: Exchange can be combined with Exosite’s Mosaic process, an IoT business framework for building a centralized connected product strategy, to develop custom elements needed for success.
Parker, a 100 years motion and control technologies company, is using a center-led approach and has adopted a common set of IoT standards and best practices for use of all its operating groups and technologies. Every connected product uses the same repository of digital services with an exchange-based platform architecture, designed by software experts at Exosite. The Exosite IoT architecture makes it easy to deploy a diverse set of connected solutions leveraging that same set of digital services and to integrate Parker solutions with other partner platforms.
To learn more about Exchange, visit: exosite.com/iot-marketplace.
Exosite LLC is an IoT software platform company that allows businesses to strategically leverage the revolutionary world of connected devices. Exosite’s cloud-based services enable the world’s leading original equipment manufacturers (OEMs) in industrial markets to quickly build and deploy solutions that accelerate the IoT generation of their business.