Gartner lists IoT.nxt as notable vendor for IIOT
In its latest Magic Quadrant report, Gartner says: “The IoT.nxt offering spans the range of required IIOT platform components for industrial enterprises."
Global research and advisory company Gartner has listed South African Internet of Things (IOT) innovator IoT.nxt as a notable vendor for the industrial IOT (IIOT), and has mentioned the company alongside the likes of Alibaba, ABB, Microsoft and Siemens, in its latest Magic Quadrant for IOT Platforms report. “The IoT.nxt offering spans the range of required IIOT platform components for industrial enterprises,” Gartner states in the report.
However, IoT.nxt CEO Nico Steyn notes that according to the Magic Quadrant submission criteria, the company had to have 150 000 endpoints, which it did not have at the time the research for the recent report was under way. “With a base station project for local telecoms giant Vodacom we now have in excess of 300 000 endpoints, well over the required mark. We are confident that IoT.nxt will be included in the Magic Quadrant reports released in months ahead.”
Steyn adds that it is an honour to be mentioned alongside the big names like Microsoft, AWS and Siemens, and confirms that the company is creating excellence. “It is also a great reminder of the speed IoT.nxt is moving at.”
The report notes that by 2023, 30% of industrial enterprises will have full, on-premises deployments of IIOT platforms, up from 15% in 2019.
Gartner first recognised IoT.nxt in 2016 when it was listed as one of the South African Inspired Innovators when it hosted the Cape Town event of its annual global conference series, the IT Symposium/Xpo™.
Gartner defines the IIOT platform market as a set of integrated software capabilities to improve asset management decision-making and operational visibility and control for plants, infrastructure and equipment within asset-intensive industries and environments. IoT.nxt’s IOT solution is known for its ability to add legacy equipment to a company’s IOT implementation and for the fact that it is technology agnostic.
A Gartner Magic Quadrant is a culmination of research in a specific market, giving companies a wide-angle view of the relative positions of the market’s competitors. By applying a graphical treatment and a uniform set of evaluation criteria, a Magic Quadrant helps companies to ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view. Gartner Magic Quadrant.
IoT.nxt’s IoT platform is a digital transformation enabler making the Internet of Things a reality. IoT.nxt unlocks exponential business value by harnessing the power of system and device interoperability. Their unique technology stack bridges the gap between all protocols in the industrial ecosystem, creating a single integration/translation point. Its patented RaptorTM gateway allows organisations to retrofit all existing legacy systems with no rip and replace. A powerful data abstraction model further translates anything and everything from the edge, supporting a true subscription based big data model. IoT.nxt opened its European office in The Hague in 2017 and set operations in the USA in Dallas, Texas in 2018. Telecoms giant Vodacom acquired a majority stake in IoT.nxt in May 2019.