The key differentiator for IoT is the data collected and the use of this data to improve business operations, products, support, and customer experience. Many companies have already connected their equipment or assets and begun collecting data. The challenge is how to leverage the data to realize the true benefits of IoT, not only for the companies’ specific uses, but also to extend the information to auxiliary businesses. There will be two key components to evolving IoT to its true potential. In this white paper, discover the two key components and how a data exchange can be used to realize both components.
Chordant, an InterDigital business, is part of a global company passionate about innovation and a standards-based approach that stimulates thriving global ecosystems. Solutions powered by the Chordant platform address the fundamental challenges in Smart City deployments. Like a perfect chord of musical notes, the Chordant platform brings harmony to diverse devices, data and services. We have created one of the largest Smart City deployments integrating hundreds of transport data sources into a transport data marketplace. Our Smart City solutions have also been recognized by leading analyst firms and organizations.
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