MONTREAL–(BUSINESS WIRE)–Mnubo, the leading Internet of Things (IoT) Data Analytics and Artificial Intelligence (AI) company, today announced that it has been selected as winner of the 2018 “IoT Analytics Solution of the Year” award by IoT Breakthrough, an independent organization that recognizes market-leading companies, disruptive technologies and innovative products in the global IoT industry.
Mnubo’s CEO, Frederic Bastien, credits the team’s expertise in extracting value from IoT sensor data using AI/ML technologies and their sharp focus on driving business outcomes through IoT insights, as the key pillars for the company’s success. “Traditional manufacturers are facing unprecedented business transformation – the data from connected equipment presents huge opportunities and challenges. IoT manufacturers need to shift to a customer-centric, service-driven mindset,” said Bastien. “Mnubo’s SmartObjects helps these OEMs transform their IoT data to business insights to drive real RoI from their IoT investment such as: improve operational efficiency, deliver better after-market services, and increase customer satisfaction.”
Brad Russell, Research Director at Parks Associates, a leading IoT research and consulting company observes, “While the IoT industry has many far-reaching goals for the use of data, astute manufacturers are working with IoT data experts such as Mnubo to find immediate, quantifiable value in leveraging device data to cut operational costs and optimize device performance.” Russell adds, “Consumers are warming to share data under the right circumstances: 40% of broadband households are willing to share data with manufacturers to update and improve the product or monitor it, to notify the user of any issues.”
“IoT intelligence will be a strategic asset to manufacturers of next-generation smart products,” said Jean-Francois Marcoux, Managing Partner at White Star Capital, the lead investor of Mnubo’s Series-A round. “Mnubo’s global customer base, industry-pioneering SmartObjects solution and strong team of IoT data experts have positioned the company as the standout leader in IoT Analytics.”
Mnubo delivers IoT analytics and AI solutions to connected product manufacturers. It helps businesses monetize their IoT data through out-of-the-box insights, IoT data services, and advanced data science.
About IoT Breakthrough
IoT Breakthrough, part of the Tech Breakthrough Awards organization, is devoted to honoring excellence in IoT technologies, services, companies and products. The program attracted more than 3,000 nominations across the world.