LONDON, Jan. 28, 2015 /PRNewswire/ -- Based on its recent analysis of the Internet of Things (IoT) asset management for discrete manufacturing market, Frost & Sullivan recognises Cumulocity GmbH with the 2015 Global Frost & Sullivan Award for New Product Innovation. Cumulocity's platform is a high-end solution with a well-formulated design, supported by signature software and service offerings for the industrial IoT sector. Cumulocity has established its superiority in the IoT domain by specifically designing its solutions to fit the individual needs of each vertical in operates in, be it automotive, industrial machinery, or telecom.
"Unlike its competitors, Cumulocity implements agile software development practices to create and upgrade its software packages every two weeks. It attempts to include customer-specific features and integrate customers into its development processes," said Frost & Sullivan Industry Analyst Deepak Achuthashankar. "Such innovative capabilities deliver added value to global customers, stoking the company's success, especially in the manufacturing vertical."
Cumulocity offers certified hardware kits and software libraries that can be utilized to place the assets in the cloud. Additionally, it provides extensive device management, including functions such as inventory, alarm management, availability, configuration management, and connectivity.
Acknowledging the need for top-notch security, Cumulocity turned to Amazon Web Services to host its accounts, as the services have been certified according to the International Organization for Standardization (ISO) 27001 and Data Security Standards (DSS). At the network security level, Cumulocity ensures that the data remains confidential by implementing a hypertext transfer protocol secure (HTTPS) system. Moreover, being a spin-off of Nokia Siemens Networks (NSN), it has built secure IoT solutions that are comparable with the high standards of mobile operators.
"Scalability is another important aspect that determines the quality of any IoT–based solution, and Cumulocity's cloud-based, multi-channel platform is capable of accommodating millions of industrial devices at any time," observed Achuthashankar. "The platform is extremely nimble and scalable and runs in an active multi-node high availability setup that does not allow any unexpected downtime or unplanned platform upgrades."
Cumulocity has taken a completely open approach to building a scalable platform. Its platform offers excellent opportunities for third-party developers to add innovative web-based applications and services. By leveraging the IoT public cloud service and web-based tools delivered by Cumulocity, customers can connect with any device over any network. This, in turn, enables them to focus on building specific applications without worrying about the infrastructure for connectivity, scalability, security, and reliability.
Cumulocity has also formulated a strategic partner program for the three streams of hardware, application, and channel. Hardware partners are involved in connecting and certifying their respective devices on the platform. Application partners are companies that develop customised applications on top of Cumulocity's platform. Lastly, the channel partners cater to specific geographical territories or niche industry verticals that Cumulocity does not focus on. Cumulocity has gained significant traction in each one of these streams and strongly believes that partnerships and eco-systems are the ideal business models for the IoT market.
"The quality of Cumulocity's platform is apparent in the features and functions such as connecting devices, plug-and-play design, high-grade security, data storage, real-time control, and applications," noted Achuthashankar. "Cumulocity's ability to introduce innovative capabilities, combined with its comprehensive IoT portfolio tailored to a wide variety of industrial applications, endows it with a sturdy brand image and future opportunities in the global IoT market."
Each year, Frost & Sullivan presents this award to the company that that has developed an innovative element in a product by leverage leading-edge technologies. The award recognises the value added features/benefits of the product and the increased ROI it offers customers, which in turn increases customer acquisition and overall market penetration potential.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
Cumulocity is the globally leading provider of 'Internet-of-Things' (IoT) software and solutions since 2010. Our origins as part of Nokia Siemens Networks, the world's mobile broadband specialist, gives us the experience of managing networks of millions of devices in a reliable, rapidly scalable and flexible manner. Cumulocity Software-as-a-Service offerings fundamentally reduce complexity and make 'Internet-of-Things' technology affordable to everyone. Cumulocity has set new industry standards and received innovation awards. Our open, application-centric and free to try offering includes our comprehensive developer environment, IoT specific device management and applications in key verticals including Retail, Industrial Internet, Energy and Discrete Manufacturing.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Best Practices, Frost & Sullivan
SOURCE Frost & Sullivan