Alternate Energy, Power, Utility and Aquaculture are some of the applications that are witnessing a rapid transformation with the advent of IoT technology. These IoT deployments are enabling enterprises in these sectors to enhance operational efficiency, reduce downtime, and gain a competitive advantage in the market.
One company that is revolutionizing IoT space with its cloud agnostic, scalable and secure IoT focussed Low code application accelerator platform is Akiro. Through its SaaS offering, Akiro is enabling businesses to solve various messaging and analytics use cases in IIoT, Energy/Utility (Aquatech, Agritech companies, Smart energy meters), Alternate Energy( EV charging station companies), Edge Computing, Mobility (FFT, Ecommerce logistics) and consumer focussed IoT.
The Alternate energy market in Asia-Pacific region is mainly being driven by the rise in the Electric vehicle market. Smart Utility has also been gaining pace in India with the Government planning to replace 250 million conventional meters into smart meters by 2022. Aquaculture is one of the segments that has not seen a uniform adoption throughout the country but there are some specific regions where the people are able to significantly improve their pond yield and reduce costs with the adoption of this technology.
Jharkhand has become the first state in India to adopt the 'Floating Raceway Technology' of the US for fishing in existing open ponds. There are a lot of Indian companies which are using IoT to provide Pond Management services not only in India but in the US as well. Akiro is tapping on this growing trend by delivering a wide range of robust products.
Building A Connected Environment
The Akiro product is composed of three fundamental blocks. The company has created domain accelerators on top of these fundamental blocks: Messaging, low code, analytics. Akiro’s messaging (a) is a real time messaging service available as a SaaS both free and enterprise plans (a) its Mqtt broker is one of the top-3 mqtt brokers that have benchmarked 10 million connections (b) is one of the most infra optimal IoT messaging modules designed to handle millions of connected devices in the most reliable fashion handling flaky networks.
It is the only one that leverages kafka which is always available for downstream integration and comes with end to end security (TLS, encryption, cloud security and IAM). Further it supports both communication protocols (MQTT, HTTP,TCP/IP, Websockets) and Application protocols (DLMS, OCPP).
When it comes to Low code, the company’s product automates aspects like onboarding of
devices, data acquisition, user management, multi-tenancy, schema less analytics, auto asset discovery/hierarchy, flows that allows building of real time pipelines and defining rules, generating real-time responses. It also offers a host of capabilities like schemaless storage to handle dynamic changes in data, asset monitoring, exports, and integrations.
It’s analytics and reporting engine enables the users to quickly start visualizing the data analytics as soon as the data arrives, even if the schema is changed due to upgrades. Akiro's analytics is completely self-serve, where any user can create dashboards with complete multi-tenancy in place.
Akiro’s Competitive Edge
With Akiro’s product, organizations can gain quicker time to market (48 hours to two weeks), efficient infrastructure (60 percent TCO reduction), better insights and anomaly detection and enhanced customer experience. Apart from its product, the factor that sets them apart is its highly-skilled team. The team brings the best of value from both open source and cloud services. “With our deep tech expertise and low code tools, we can help resolve complex issues and provide reliable solutions with quick turnaround times”, says Srikanth G.N, CEO of Akiro.
Akiro is also known for offering customizable solutions. There is a some amount of customizations required when a software is being deployed. In Akiro, the customization efforts would be minimal because of the low code and the flexibility in its APIs. This would facilitate the customized end to end solutions to be built within three hours to two weeks; whereas most of our competitors would take months to get started after customizations. Akiro has various domain accelerators, which have inbuilt recipes for the customers from each domain, which will help customers to quickly on board to the platform.
One of the main USPs of Akiro is scale. Each deployment will support millions of connected devices and billions of messages every hour. To handle this magnitude of scale and also keeping infrastructure costs to a minimum, one have to innovate continuously and use the best technologies available. Since Akiro’s platform is a combination of AI, Bigdata and IoT, they use the latest technologies from these domains and also tune and modify them to their scale and reliability needs.
“One of our customers is talking about 3 million water purifiers to start with by the end of 2023, precisely to handle this scale and associated reliability is what the product is engineered for and thus our product differentiates itself from existing legacy IoT frameworks and competitors. Its underlying technology brings best of both proprietary as well as open source softwareInorder to address scalability and reliability needs and the changes are contributed back to the open source community as well”, explains Ravi Teja, CTO of Akiro.
Accelerate Iot Business
Over the years, the company has built a stellar reputation with several clients across the country by providing highvalue products and services. Srikanth cites a scenario where Akiro helped an Agritech company collect diagnostic data, sensor data, analyze them in realtime and take necessary actions, further control the sprinklers, pumps & motors, remotely. Akiro platform’s schemaless design helped them reduce their data change life cycle time from 1.5 months to three minutes and experiment with better options.
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With our highly scalable deep tech product and low code automation, we can help resolve complex issues and provide reliable solutions with quick turnaround times
Srikanth G.N, Chief Executive Officer
For the future, Akiro is going to continue its growth rate and expand its portfolio of products and services. The company is looking at different sectors where they can bring in value with IoT. They will also be strengthening its client and partner relationships worldwide. The company also wants to continue helping customers identify complex scenarios with reference to Anomalies and improve business and operational efficiencies. All-in-all, Hybrid cloud system like Akiro, which are both data centric and action centric at internet scale are the next big investment in IoT.
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