ORBCOMM Inc. (Nasdaq: ORBC) has released 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.
With ORBCOMM’s new analytics offering, its global customers can extract valuable, real-time information from their asset-based data to determine patterns and predict future outcomes and trends, significantly improving operational efficiency and driving better business results.
ORBCOMM’s analytics service is focused on the transportation and logistics, supply chain and heavy equipment markets, where the Company has deep industry expertise and domain knowledge. While ORBCOMM’s telematics solutions provide real-time operational and transaction data for customers in these industries as well as a good proxy for their assets’ behavior, 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 has identified a number of opportunities for its analytics service that provide industry benchmark comparisons and statistical applications applied to machine, logistical and conditional behaviors. Customer use case examples include refrigerated transport operational performance, operational cycle and dwell time management, condition delivery management, fleet driver performance, predictive machine breakdown and shutdown, preventative maintenance planning, and business optimization. With the potential breadth of impactful business intelligence opportunities within its core markets, ORBCOMM’s analytics Cloud service is expected to further differentiate the Company as a leading industrial IoT solutions provider.
ORBCOMM 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. ORBCOMM’s complete IoT solutions offering and industry experience combined with ground-breaking analytics tools and technology make it easy for customers to harness the best of open source innovation while achieving operational readiness at any scale.
For its analytics business offering, ORBCOMM was advised by Momenta Partners, leading specialists for growth, talent and investment in the connected industries.
Marc Eisenberg, CEO of ORBCOMM Inc., said that the company 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 the firm's new analytics Cloud service. 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.