IoT.nxt, a South African innovator in the Internet of Things is set to open an office in London UK early 2017, the first international office for the company founded one year ago.
The Pretoria-based IoT.nxt says it chose the UK as its first expansion outside South Africa due to the established strong business and trade ties between the countries and ease of communication between that office and the local head office.
“It offers an excellent foundation for expansion into Europe at a later stage,” said IoT.nxt CEO, Nico Steyn. “We have experienced strong growth in the local market in the past year and we are ready to use the London office as a base to make inroads in the fast-growing global IoT market.”
According to the Business Insider’s premium research service, BI Intelligence, an estimated $6 trillion will be spent globally on IoT in the next five years. The report projects that there will be 34 billion devices connected to the internet by 2020, up from 10 billion in 2015. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
IoT.nxt says it has devised and implemented strategies and solutions for several companies in diverse industries in South Africa. These include a large coal mine, one of the biggest car dealership networks in the country and the largest meat processing operation for retail in SA.
”Using an IoT solution is about business strategy, not about technology. There are many efficiencies to be unlocked through the IoT. BI’s report listed three key areas that the IoT can improve a company’s bottom line – lowering operating costs; increasing productivity; and expanding to new markets or developing new product offerings. This is what we have achieved for our customers,” Steyn says.
IoT.nxt says its innovation offers companies a consolidated view of their entire IoT ecosystem, allows them to input all documented business processes into one workflow application, detect all devices on a network and dynamically capture their IP and MAC addresses.
IoT.nxt says its biggest breakthrough was creating a solution that allows any device, application, sensor, machine and also people on any network using any operating system to connect and interact. The platform is completely technology agnostic which allows a company to leverage off existing investments in systems and devices installed. It runs on a mobile platform and handles all industry standard protocols.
Steyn says the existing control centres used at many companies will become a thing of the past as IoT.nx will allow whatever device to create an immediate alert when one of the devices, sensors, applications. It also allows for multiple control rooms to be connected and exchange data.
IoT.nxt’s IoT ecosystem is managed by Raptor, a device which allows migration of analogue devices and inputs into a digital platform. It serves as a filter for big data and delivers cost savings and efficiencies to the client’s IoT ecosystem. Raptor is a translation tool that aides communication between less sophisticated devices over an IP network.
The company has identified associates in the UK but two members from IoT.nxt South Africa will be based there during the launch phase of the office.