Exosite debuts Exchange, its IoT marketplace for digital ecosystems to promote connected-product development

Exosite LLC announced on Monday Exchange, its curated library of reusable IoT elements, including services, products and content, that enable industrial manufacturers to rapidly solve common IoT challenges. Exchange helps organizations implement a centralized approach to IoT development that focuses on standardization, reuse and collaboration to reduce costs and avoid duplicated efforts.

With Exchange, organizations can expect to slash development costs by 50 percent and accelerate time-to-market by 30 percent, making the economics of IoT much more feasible.

Exosite’s Exchange will offer pre-integrated elements tailored to the needs of industrial manufacturers that can be added to a solution with the click of a button, resulting in a more seamless, customized experience for end users.

Exchange also provides the architecture needed to share and reuse elements across divisions, establish IoT standards and best practices, and integrate with other business systems to accelerate time-to-market, maximize budgets and fast-track ROI.

With Exchange, users get access to pre-built elements that provide design patterns, pre-built applications, integrations and templates for secure IoT development; Custom elements wherein users can design and share elements within a private version of Exchange to help internal resources quickly develop their applications using pre-approved brand standards, security requirements and communication protocols.

With its Mosaic Approach, Exchange can be combined with Exosite’s Mosaic process, an IoT business framework for building a centralized connected-product strategy, to develop custom elements needed for success. The Mosaic process provides the formula for a long-term IoT strategy, including which elements are needed for success. With facilitated engagements and a dedicated IoT transition team, Exosite assists to make it right every time for the user.

Large organizations entering the IoT world realize that developing an IoT digital ecosystem can be expensive and time-intensive, and attempting to execute this process multiple times within the same company can be a recipe for failure. In an attempt to alleviate these challenges, traditional IoT marketplaces have offered links to separate services, but those services still require manual integration and management.

“Exchange is a new breed of marketplace that not only provides elements that quickly address common IoT challenges, but also enables organizations to add their own elements for things like developer best practices and brand standards,” said Mark Benson, CTO, Exosite. “With its ability to reinforce collaboration and create internal alignment, Exchange helps organizations cut cost and development time and create connected products that provide better quality and a more consistent brand experience.”

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