ParStream Joins HyperCat Consortium to Gain Momentum in IoT

By CIOReview | Wednesday, July 8, 2015
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FREMONT, CA:  ParStream joins with HyperCat Consortium with a motive to accelerate the development of IoT. The HyperCat Consortium aims at creating an inclusive one-stop shop of best practice IoT implementation through the sharing of knowledge of processes and applications. 

The consortium incorporates more than 40 European; US based technology providers and other educational establishments and local authorities. Accenture, ARM, IBM, Huawei, Intel, Cisco, Broadcom are among the noted partners of HyperCat Consortium.

"We look forward to working with the HyperCat consortium and member organizations to accelerate the adoption of IoT technology and drive potential business benefits," comments Peter Jensen CEO of ParStream.

It is expected by industry analysts that the IoT will continue to grow rapidly over the next decades. As devices flourish with time, the need for staying connected becomes a major priority for industries which in turn will impel them to bring in advanced IoT technology to drive new business models and foster revenue growth.

"We need a common language to make sense of the data, so HyperCat lays down some basic principles by which systems can understand, read and identify the information associated with a 'thing'," states Justin Anderson, CEO and co-founder of Flexeye, one of the companies involved in HyperCat's development

HyperCat extends a not-for-profit project built to drive a secure and interoperable IoT for industry by working closely with influential players who are interested in building a smart and secure planet build on interoperable IoT foundations.