ORBCOMM has released a new cloud-based analytics service that leverages telematics and IoT solutions to provide greater insights into the operations of a company’s enterprise. Users can extract real-time information from their asset-based data to determine patterns and predict future outcomes and trends.
ORBCOMM’s analytics service is focused on the transportation & logistics, supply chain and heavy equipment markets. While ORBCOMM’s telematics solutions provide real-time operational and transaction data for users in these industries as well as a proxy for their assets’ behavior, the new analytics cloud service will provide more in-depth descriptive, predictive and prescriptive results to optimize users’ operations.
ORBCOMM has identified a number of opportunities for its analytics service that provide industry benchmark comparisons and statistical applications applied to machine, logistical and conditional behaviors. Customer use case examples include refrigerated transport operational performance, operational cycle and dwell time management, condition delivery management, fleet driver performance, predictive machine breakdown and shutdown, preventative maintenance planning, and business optimization.