NetworknewsWire
Editorial Coverage: Famed inventor and engineer Nikola
Tesla believed, “The future of our problems does not lie in
destroying, but in mastering the machine.” This insightful comment
published in a 1935 edition of Liberty magazine
(http://nnw.fm/4dNcY) is material to today’s
world and the billions of Internet-connected devices, or
“machines,” now gathering, analyzing and storing the millions of
terabytes of data being created. These multibillions of devices,
embedded with electronics, software, sensors and connectivity that
enables objects to collect and exchange data, populate what is
known as the “Internet of Things,” or “IoT.” Tesla would have felt
right at home with the innovations of visionary companies such as
Carl Data Solutions, Inc. (CSE:
CRL) (FSE:7C5) (OTC:
CDTAF) (Carl
Data Profile) Teradata Corp. (NYSE:
TDC), Splunk, Inc. (NASDAQ: SPLK), Oracle Corp. (NYSE:
ORCL), and International Business
Machines Corp. (NYSE: IBM), all of which are
transforming key technologies in the digital world of Big Data.
Carl
Data Solutions (CSE: CRL) (FSE:7C5)
(OTC:CDTAF), a Canadian developer of
Big-Data-as-a-Service (“BDaaS”)-based solutions for data
integration, business intelligence and Industrial
Internet-of-Things (“IIoT”) applications, turns vast
quantities of information into meaningful, actionable insights for
any business. The company’s strategic business model, which is
scalable to any industry, focuses on environmental sensor
monitoring and modeling technology, connecting the IIoT, and
collecting and managing data to protect industrial and
infrastructure assets.
Who needs this type of protection? Literally any industry that
could possibly be affected by costly natural disasters or
emergencies, or any industry that routinely faces an overload of
data. With respect to the former, since 1980 the United States
alone has experienced more than 200 weather and climate-related
disasters with cumulative costs exceeding $1.1 trillion, according
to the National Oceanic and Atmospheric Administration (http://nnw.fm/7RRpb).
Supported by a team of professional and experience data
scientists and application developers, Carl Data builds
environmental monitoring and modeling technology that collects,
connects and manages data to protect industrial and infrastructure
assets from natural disaster or other burden.
Carl Data Solutions is well-positioned in key IIoT market
segments and offers customized low cost, low power, high quality
hardware to collect complete, high accuracy information in near
real-time. Custom sensors, data loggers, wireless networks and
gateways are designed to meet current and future IIoT standards.
Carl Data Solutions and one of its subsidiaries, FlowWorks,
provides a prime example of an IIoT solution serving the water and
waste water facilities of large and small cities located throughout
North America.
Engineering and service companies have also signed on as
partners, which allows the FlowWorks system to be used across
multiple verticals utilizing data from a wide variety of
industries. Carl Data Solutions also adapted its FlowWorks
technology to enhance environmental monitoring at mines. The new
app is being used at Teck’s Fording River Operations in British
Columbia’s Elk Valley, where it helps monitor site water levels and
provides predictive modeling to forecast future water levels up to
seven days (http://nnw.fm/zie3G).
Greg Johnston, CEO and president of Carl Data Solutions, notes
that while government and industries around the world clamor for
assistance when natural disasters strike, the answer to many of
these inevitable problems is adequate preparation based on facts.
The company’s predictive analytics, machine learning and web-based
applications deliver results that alert its clients to potential
danger, so assessments can be made on critical infrastructure.
Gathering data from any sensor, monitoring system, historical data
or online source before a disaster strikes can provide critical
information to decision-makers. The value of collecting data in
order to be prepared for any event can’t be overstated and public
agencies should incorporate IoT data into their emergency response
plans, an article in the Harvard Business Review states (http://nnw.fm/muKT5).
Analysts forecast that business-to-business marketing and
spending on IoT technologies and solutions will reach US$267
billion by 2020 as Internet-enabled devices stream more and more
data (http://nnw.fm/g6dBm). A BusinessWire article notes
that IoT technologies and solutions are anticipated to transform
virtually every industry vertical across consumer, enterprise, and
industrial segments (http://nnw.fm/Gc0Uk). In a report titled, “Internet of
Things (IoT) Technologies, Solutions, and Market Opportunities 2017
– 2022,” a future is outlined that declares successful companies
will be those that “understand how and where IoT technologies and
solutions will drive opportunities for operational improvements,
new and enhanced products and services, as well as completely new
business models.”
Carl Data appears to recognize this opportunity, as its
predictive analytics, machine learning, and web-based applications
can be utilized for waste and storm water management, in the
protection of oil and gas pipeline stream crossings, and by
hydro-electric dams and toxic tailing ponds, among other industrial
uses.
Opportunities in IIoT exist for R&D, technology integration,
and development of new solutions and applications, as Carl Data
Solutions and its industry peers are well aware. One of those
companies, Teradata (NYSE: TDC), based in
Dayton, Ohio, provides analytic data products and related services.
The firm operates in two segments: data and analytics, which
captures, integrates, stores, manages, and analyzes data of all
types. Its solutions include components such as data warehousing,
big data, discovery tools, integration tools, and business
intelligence tools, to manage and integrate the complex data
ecosystem (http://nnw.fm/5DsZe).
Splunk (NASDAQ: SPLK) is another
company providing software for machine log analysis. The firm’s
flagship solution is Splunk Enterprise, used for application
management, IT operations and security. The company primarily
deploys its solutions on-premises, though the SaaS delivery model
is growing in popularity with Splunk Cloud, and recently helped a
major client, Heartland Jiffy Lube, to modernize its security while
reducing the cost of security operations (http://nnw.fm/zsEC8).
Oracle (NYSE: ORCL), based in Redwood
City, California, sells a wide range of enterprise IT solutions,
including databases, middleware, applications, and hardware. Oracle
recently announced the launch of its 18c database product, which is
a major improvement from the company’s legacy database products
given that it is entirely cloud-based. The new product is billed as
a “self-driving” database because once a problem is identified, the
database can repair itself through its artificial intelligence
systems (http://nnw.fm/yc2LQ).
International Business Machines
Corporation, better known by its ticker
IBM, is an IT giant with an operating
history dating back more than a century. The company's offerings
span a range of services, software, and hardware. IBM operates on a
global scale, with operations in over 170 countries. The firm has
an entrenched position globally within the largest multinational
firms, providing an end-to-end portfolio that helps enterprises'
plan, build, manage, and maintain IT infrastructure, platforms,
applications, and services. IBM is also reportedly planning to be
an industry leader in blockchain technology (http://nnw.fm/NE6mA).
There is no doubt the world is quickly becoming more
interconnected and that a concerted shift from “one size fits all”
is underway. Companies with experienced leadership and innovative
technologies and solutions will be at the forefront of the IoT
explosion as it sweeps the globe. A Goldman Sachs equity research
paper, titled, “The Internet of Things: Making Sense of the Next
Mega-Trend,” describes the potential of IoT to transform the world
as a “wide open opportunity” (http://nnw.fm/jIvU1). Making significant advancements
since the publication three years ago, the potential of IoT to
impact efficiency across a wide range of sub-sectors is enormous
and is certain to create new winners in a world where everything is
connected. For companies like Carl Data, this hyper
interconnectivity is a breeding ground of opportunity.
For more information on Carl Data Solutions Inc., visit Carl Data
Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF)
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