Exchange IoT marketplace for digital ecosystems designed to optimise connected product development
Exosite LLC, a platform provider in the Internet of Things (IoT) market, has announced Exchange, a curated library of reusable IoT elements, including industry-proven services, products and content, that enables industrial manufacturers to rapidly solve common IoT challenges.
Exchange reportedly helps industrial manufacturers implement a centralised approach to IoT development that focuses on standardisation, reuse and collaboration to reduce costs and avoid duplicated efforts. With Exchange, organisations can expect to slash development costs by 50% and accelerate time-to-market by 30%, making the economics of IoT much more feasible.
Large organisations entering the IoT world quickly realise that developing an IoT digital ecosystem can be expensive and time-intensive, and attempting to execute this process multiple times within the same company can be a recipe for failure.
In an attempt to alleviate these challenges, traditional IoT marketplaces have offered links to separate services, but those services still require manual integration and management. Exosite’s Exchange is the first marketplace of its kind to offer pre-integrated elements specifically tailored to the needs of industrial manufacturers that can be added to a solution with the click of a button, resulting in a more seamless, customised experience for end users.
Exchange also provides the architecture needed to share and reuse elements across divisions, establish IoT standards and best practices, and integrate with other business systems to dramatically accelerate time-to-market, maximise budgets, and fast-track ROI.
Among Exchange’s key features are:
- Pre-Built elements: Exchange’s proven elements provide design patterns, pre-built applications, integrations and templates for secure IoT development.
- Custom elements: Users can design and share elements within a private version of Exchange to help internal resources quickly develop their applications using pre-approved brand standards, security requirements and communication protocols.
- Mosaic approach: Exchange can be combined with Exosite’s Mosaic process, an IoT business framework for building a centralised connected-product strategy, to develop custom elements needed for success.
“Exchange is a new breed of marketplace that not only provides elements that quickly address common IoT challenges, but also enables organisations to add their own elements for things like developer best practices and brand standards,” said Mark Benson, CTO, Exosite.
“With its ability to reinforce collaboration and create internal alignment, Exchange helps organisations cut cost and development time and create connected products that provide better quality and a more consistent brand experience.”
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