idatase

idatase

Germany
2017
Private
< $10m
11 - 50
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DESCRIPTION

idatase GmbH is a high-tech innovation company committed to creating NetLume, a unified platform for the development of cognitive real-time software systems in IoT Ecosystems. Current IoT initiatives are prone to fail because human, data and business expertise is not incorporated into the process for developing and accepting IoT systems. Cisco confirmed 2017 the problem in a survey: 2/3 of IoT initiatives fail and 60% stall at PoC stage. NetLume bridges the gaps across domains and enables rapid prototyping of AI systems to increase PoC success rate and reduce initiation costs by more than 75%.

Unfortunately still today, 74% of IoT initiatives fail, from which 60% stall at the PoC state (Cisco Survey, 2017). The NetLume innovation platform solves the key problem of the “human factor” for successful IoT initiatives by integrating domain experts and business into the IoT domain. Semantic Digital Twins fuse human readability with machine interpretability. In combination with the NetLume ECA design process for rapid prototyping the platform allows the development of operative MVPs already at the PoC stage. The key difference of the NetLume to other IoT platforms is the focus on the problem and analytics domain instead of data management and computational services. NetLume is therefore able to augment IoT platforms of giants, line GE, Siemens or Google, to enable rapid ECA prototyping of intelligent systems based on the asset and data management or even analytic processing structures of other underlying IoT platforms. The so far unique focus of NetLume is to systematically enter a new realm we call “Internet of Analytics” (IoA) in which AI systems solve use-case specific problems from analytic models, methods and Machine Learning algorithms.

Energy & Utilities, Renewables, OEM’s and Smart City projects i.e. Smart Buildings and Smart Mobility.

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