The Internet of Things (IoT) is a complex ecosystem that integrates Information Technology (IT) with Operational Technology (OT) to generate data that can be analysed to increase revenues and improve business productivity. The IoT has moved from the machine-to-machine (M2M) era in which monitoring an asset was the main objective to sensing, gathering data, monitoring, and controlling spaces and conditions of those spaces. Frost & Sullivan research underlines that the adoption of the IoT impacts every economic sector and living environment--from smart city to manufacturing, from healthcare delivery services to retailers.
However, the IoT vision has not yet reached its potential. The ambitious objective of the IoT is to predict conditions and situations, prescribe solutions, and automate processes. To achieve this, the IoT has to solve issues such as security, interoperability, and trust and identity. It must increase the level of data readiness in organisations, boost the level of machine intelligence, and strike the optimum balance between the edge and the cloud.
To face these challenges, emerging technologies such as distributed ledger technologies (DLT) and artificial intelligence (AI) are increasingly necessary. Therefore, the landscape of players involved in IoT projects should expand to encompass providers of emerging technologies. A new era of convergence has started--the convergence between the IoT and AI.
Predicting undesirable conditions and being able to prescribe solutions to avoid those situations is a powerful combination for optimising processes, reducing resource consumption, improving human resource contribution to enterprise processes, and stimulating innovation in organisations. AI is suited to supporting these requirements. Currently, ,machine learning (ML) is being applied in IoT contexts. Research reveals that strongly process-oriented sectors are more receptive of the convergence IoT-AI. Several activities and projects are happening in manufacturing (Industrial Internet), oil & gas, and mining.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyses hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognised as best practice recipients.
Author: Adrian Drozd
Industry Overview
Industry Overview (continued)
Industry Overview
The Frost RadarGlobal Emerging IoT-AI Platform Vendors
Frost Radar—Description of Companies Plotted
Arundo Analytics
Augury
C3.ai
Canvass Analytics
Conundrum
Falkonry
FogHorn
Glassbeam
Interactor – Pulzze Systems
KONUX
Maana
Mnubo
OAG Analytics
Predikto (now part of United Technologies)
Presenso
Relayr
Seeq
Sight Machine
SparkCognition
Tellmeplus
Trendminer (now part of Software AG)
Uptake Technologies
Veros Systems
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Dilip Sarangan |
| Industries | Information Technology |
| WIP Number | MEED-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9705-C1,9AA5-C1,9AD1-C1,9B07-C1 |
Frost Radar Global Emerging Industrial IoT-AI Platform Vendors
A Measurement System to Spark Companies 2 Action (C2A) – Innovation that Fuels New Deal Flow and Growth Pipelines
10-Oct-2019
Global
Frost Radar
