Altizon Recognized in the 2019 IDC Energy IIoT Platform MarketScape and the IDC Manufacturing IIoT Platform MarketScape

Altizon Recognized in the 2019 IDC Energy IIoT Platform MarketScape and the IDC Manufacturing IIoT Platform MarketScape

SCOTTS VALLEY, CA, and PUNE, INDIA – August 01, 2019 –

Altizon, a global industrial IIoT platform company today announced that global research firm IDC (www.idc.com) has recognized Altizon in their IIoT (Industrial Internet of Things) Platform MarketScape in both the energy and manufacturing spaces. Altizon is one of eight IIoT platform providers included in the IDC MarketScape: Worldwide Industrial IoT Platforms in Energy 2019 Vendor Assessment and one of 11 IIoT platform providers included in the IDC MarketScape: Worldwide Industrial IoT Platforms in Manufacturing 2019 Vendor Assessment.

IDC predicts that worldwide technology spending on the Internet of Things will reach $1.1T in 2023 , attaining a CAGR of 12.6% over the 2018-2023 forecast period, with manufacturing and transportation as the two highest spending industry sectors .

For the IDC MarketScape: Worldwide Industrial IoT Platforms in Energy 2019 Vendor Assessment, IDC assessed industrial IoT platform providers focused on the energy industry, including both oil and gas and utilities. In addition to meeting revenue thresholds, the ability to support global deployments, and customer requirements, each vendor had to offer: a commercially available software platform that can be used to build and deploy IoT applications and manage IoT devices; native support for industrial protocols within the platform; edge application frameworks and runtimes; analytics tools, including dashboards and advanced analytics; security capabilities within the platform architecture; tools to create “thing models;” and API access to IoT data.

For the IDC MarketScape: Worldwide Industrial IoT Platforms in Manufacturing 2019 Vendor Assessment report, in addition to meeting revenue thresholds, the ability to support global deployments, and customer requirements, each vendor had to offer: a commercially available software platform that can be used to build and deploy IoT applications and manage IoT devices; native support for industrial protocols within the platform; edge application frameworks and runtimes; analytics tools, including dashboards and advanced analytics; security capabilities within the platform architecture; tools to create “thing models”; and API access to IoT data.

“Altizon is proud to be included on a select list of IIoT companies that are making inroads in both the energy and manufacturing sectors by IDC, one of the most respected market analyst firms,” said Vinay Nathan, CEO of Altizon. “As we continue to execute with our platform, Altizon is demonstrating how to utilize machine data to improve manufacturing quality, output and profitability.”

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Altizon

Altizon empowers Industrial Digital Revolutions globally by helping enterprises use machine data to drive business decisions. We enable digital transformation in enterprises by accelerating Smart Manufacturing initiatives, modernizing Asset Performance Management and pioneering new Business Models for service delivery. With a global footprint of over 100 enterprise users, Altizon is a leading Industrial IOT platform provider as recognized by IDC, Gartner, BCG, Frost & Sullivan, and others.

For more info: www.altizon.com