NetworkNewsWire
Editorial Coverage: The technology driving the Internet of
Things (IoT) enables person-to-person, person-to-object and
object-to-object connections that facilitate increased
productivity, greater operational efficiency and streamlined work
processes. Adoption of cloud computing and the ability of IoT
technology to reduce costs are the main driving forces behind the
growth of this technology. It is estimated that by 2020 there will
be over 50 billion things connected globally, and Grand View
Research predicts that the industrial IoT market will grow at a
compound annual growth rate (CAGR) of almost 28 percent to reach
USD $933 billion by 2025. Of
course, this level of connectivity will generate a vast amount of
data that has to be stored and processed, and Carl Data
Solutions, Inc. (OTC: CDTAF) (CSE: CRL) (FSE: 7C5)
(Carl Data
Profile) is one competitive company well-positioned to take
advantage of the anticipated growth in this market. Other companies
gearing up to support IoT technology-adopting enterprises include
Cisco Systems, Inc. (NASDAQ: CSCO), Red
Hat, Inc. (NYSE: RHT), Baidu, Inc. (NASDAQ:
BIDU) and Intuit, Inc. (NASDAQ:
INTU).
Data-gathering sensors are critical elements in IoT systems, and
the affordability of fully-automated systems improves as the price
of sensors continues to fall. Automation is set to have a massive
impact on our daily lives, from smart homes to smart applications
within city, utility and factory infrastructures. The major
challenge presented by the growth in this industry is how to handle
the large amounts of data generated.
Focused on the Industrial Internet of Things (IIoT),
Vancouver-based Carl Data
Solutions (OTC: CDTAF) (CSE: CRL) (FSE: 7C5) facilitates data
collection, storage and analytics for data-centric companies. The
company leverage its team of data scientists and application
developers to build environmental monitoring and modeling
technology. Guided by an experienced management team, it has taken
advantage of IoT market opportunities through strategic
acquisitions to build up its customer base in specific
verticals.
In 2015, Carl Data acquired FlowWorks, a company with a
proprietary system for SaaS-based monitoring, data collection,
alarming and reporting. Further expanding its portfolio, Carl Data
earlier this month completed its acquisition of certain
intellectual property assets, tangible assets, and intangible
assets from AB Embedded Systems Ltd, a company with advanced
telemetry technology operating in over 250 pump stations across
North America. The acquired assets provide Carl Data the tools
needed to provide custom devices for its clients, according to a
news release announcing the move (http://nnw.fm/Hma0Q). The included equipment for board
prototyping and micro manufacturing also allows the company to
pursue complete in-house product development with the shortest
possible time to market.
"The AB Acquisition is in line with Carl's commitment to acquire
(complementary) companies and technology. In the case of AB, this
acquisition will allow our company to be more turn key when
implementing our solutions. (Complementary) hardware and telemetry
solutions will mean faster integration of our SaaS based
applications for customers at a very competitive price point," Carl
Data CEO Greg Johnston stated in the press release.
Carl Data’s current portfolio also includes Extend to Social
(ETS), a social media application that adds a deep analytics layer
to provide clients with valuable insights for new marketing
campaigns plus behavioral characteristics for customer service,
operations and product development. These strategic acquisitions
brought established clients on board in the wastewater and
stormwater, oil and gas, dams, reservoirs and tailings ponds
sectors, positioning Carl Data with market opportunity in a number
of growing verticals.
The core of Carl Data’s complete, turnkey, end-to-end solution
is its collection of information from billions of data points,
which is stored in scalable, customized cloud-computing facilities
and then analyzed. Data analysis can take several forms depending
on client requirements, including reporting, alarming, predictive
analytics and machine learning. The company has the ability to
handle any amount of big data, generating reports for plant
management and automated alarms when plant conditions need to be
corrected. Carl Data uses algorithms for predictive analytics,
producing a seven-day forecast of the impact of future events on a
company’s assets and enabling it to take preventative measures. The
company also has advanced artificial intelligence (AI) capabilities
that can be employed for machine learning, enabling equipment to
self-diagnose and self-correct.
A quick look at one of the company’s most recent endeavors in
the waste management market, which globally is expected to reach
$562 billion by 2020, demonstrates a single avenue of its many
opportunities. On December 5, 2017, Carl Data announced its
continued expansion into the solid waste management sector of the
IIoT through a letter of intent with Peak Disposal Services, Inc.
for the development of an industrial-grade monitoring system.
Peak Disposal manages hundreds of containers for the
Vancouver-area construction and movie industries. The partnership
with Carl Data aims to address the need for monitoring systems
durable enough to survive the rough treatment common on these work
sites. Peak Disposal has as many as 140 containers that would
benefit from this system and expects to implement Carl Data's
system for automation and data gathering purposes once it is
successfully tested. With Carl Data’s ability to analyze data
trends, location-based fill-level forecasting and other predictions
will help reduce Peak Disposal’s time and monetary expenses.
"In North America and around the world, solid waste management
has become a huge concern. The development and launch of this
new service allows us to enter a new vertical in need of
environmental IIoT monitoring solutions. We are sure Peak
Disposal will see a huge increase in overall efficiency when our
system is deployed and look forward to rolling out this monitoring
system to other companies with similar needs," Kevin Marsh, Carl
Data's VP of Business Development, stated in the press release
about the LOI (http://nnw.fm/a7GOp).
Additionally, Carl Data has signed up many municipalities to use
its technology for water and sewage infrastructure, including some
of the biggest cities in North America. The potential for further
business is huge, as the United States alone needs to spend an
estimated $1 trillion in water
infrastructure upgrades over the next 25 years. Companies in
the oil and gas industry need predictive analytics on their
pipelines to prevent potential environmental disasters. There is a
long list of sectors that can benefit from this technology in a
future where storing and analyzing big data will be key.
Carl Data’s capabilities place it among the ranks of larger
companies like Cisco Systems, Inc.
(NASDAQ: CSCO). With a market cap of more than
$180 billion, Cisco is the largest networking company in the world
with various subsidiaries including OpenDNS, WebEx, Jabber and
Jasper. From its headquarters in San Jose, Calif., the company
develops, manufactures and markets Internet Protocol-based (IP)
networking hardware to specific sectors, including energy
management, domain security and IoT. Cisco has done seven
acquisitions in 2017, including Springpath, a provider of
hyper-convergence software. The company also acquired Perspica,
which provides AI and learning-machine technologies.
Red Hat (NYSE: RHT) was
founded in 1993 and has headquarters in Raleigh, N.C. With a market
cap of just over USD $22 billion, the company provides open source
software solutions including virtualization, operating system,
cloud, mobile and storage technologies to global enterprises. In
addition, it provides a consulting, support and training service to
its clients. Red Hat is a strong proponent of open source
licensing. On Nov. 27, 2017, the company, together with Facebook,
Google and IBM, announced their commitment to extend additional
rights to cure open source license compliance errors and
mistakes.
Baidu (NASDAQ: BIDU) is a Chinese web services
company located in Beijing. It is one of the largest Internet
companies and also one of the leading AI companies in the world.
The company develops innovative products, incorporating ways to
interact with technology through AI and mobile devices. Baidu has
the second largest search engine in the world and in December 2007
became the first Chinese company to be included in the NASDAQ-100
index.
Best known for its accounting program QuickBooks, Intuit
(NASDAQ: INTU) is a business and financial software
company that develops and markets financial, accounting and tax
software to small businesses and accountants around the world. With
a market cap of just under USD $40 billion, the company is in the
process of adapting its software to work with IoT and virtual
reality technologies. It aims to provide small business owners with
the ability to have access to financial information and work
remotely with their accounting professionals to facilitate faster
and easier business decisions.
The Internet of Things is destined to have a huge impact on
industry, business and the way we conduct our daily lives. These
companies are well positioned to support enterprises in the
adoption of this technology and provide facilities for the
collection, storage and analysis of data, creating significant
opportunities for investment in an ever-growing sector on the brink
of what is widely described as the “fourth industrial revolution,”
according to Carl Data Solutions CEO Greg Johnston.
For more information on Carl Data Solutions Inc., visit Carl Data
Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF)
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