Rampel says that he was intrigued by the plethora of opportunities and challenges in the Big Data space. And he adds that, “There were two concurrent inspirations that created Exosite. The first was a realization that a lot of product manufacturing/design companies (OEMs) were trying to get access to their device and data remotely, which opened up a new untapped market. The second was that things like key sharing for secure communications, device fleet management, and real time stream analytics were non-trivial technical hurdles, which posed great challenges.”
Headquartered in Minneapolis, MN, Exosite is a technology company that is focused on helping clients collect, store, visualize and interact with the data. Exosite’s solutions remove barriers to market entry and empower companies to quickly prototype and deploy their own Internet of Things (IoT) solution. The offerings have a built-in framework that eliminates the complexities of infrastructure and simplifies IoT development, thus making it easier for clients to analyze data and create new cloud-capable products.
Exosite’s solutions give clients the ability to aggregate and monitor data in real-time, which enables them to minimize downtime, quickly determine whether their equipment is functioning properly, and mitigate risk. With these solutions the clients can also get ahead of the game with predictive actionable intelligence; run powerful scripts combining multiple lower level inputs and build custom dashboards that report on real-time metrics; and take action on trends and predictive events.
Enterprises had issues with guess work in trash management, so they approached Exosite. The latter worked with Harmony Enterprises to add advanced wireless monitoring capabilities to their SmartPack compactors, which made trash collection easy and more efficient. With Exosite’s cloud-connected compacting capabilities, Harmony Enterprises was able to accurately capture, analyze, and process the data, as well as add valuable features to their existing product lines, improving service contract margins, solidifying their brand in the marketplace, and reducing operational costs by automating the process of notifying local waste haulers when the compactors need to be emptied.
Rempel points out that as the device driven-data pool grows, there is a need for the companies to rise above the basic Big-Data elements and ensure that they are not just analyzing a mound of any information, but generating the right data, and doing the right analysis so that valuable insights can be turned into actionable information that drives business growth. “Moving forward we have our eyes set on changing the way businesses interact with the real world. We understand the current cacophony of technology specs, the emerging trends in connectivity and business information, and have some clear ideas about where all this will end up and what we should do in the next 5, 10 and 20 years,” says Rempel.
As the device driven-data pool grows, there is a need for the companies to rise above the basic Big-Data elements