1248 Universal IoT Device Manager

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In our previous start-ups we successfully grew large connected-products businesses (AlertMe:Connected Home platform, Amino: IPTV platform, Actix: Mobile Phone managementplatform). But most of our companies’ time and money (~80%) was spent managing IoTINFRASTRUCTURE – devices, gateways, networks – rather than on delivering the actualheadline value-proposition itself. This experience is typical, and inhibits the growth of theInternet of Things (IoT) market.Connected applications can be for Home, Factory, Farming, Healthcare, Smart city, Energymanagement or any other vertical. Solution vendors need to focus their precious time, money,unique skills & domain knowledge on developing their proposition’s sensors and softwarealgorithms which capture data and turn it into value – not on managing infrastructure.1248 has therefore determined a real gap in the IoT Market: Device Management (DM), aservice to automate the life-cycle of IoT infrastructure. DM manages edge devices (e.g.connected streetlights, pig feeders or home thermostats) & the gateways connecting them tothe Internet. DM includes secure device “onboarding”, version management, uptimemonitoring, triage and diagnosis.In particular we are focussed on Universal DM, i.e. one service able to manage multipleheterogeneous IoT edge standards. Fully-automated DM could bring a step-change solution toa problem faced by all IoT services as they scale.It’s a huge market: Globally there are already more connected devices than people, withnumbers growing at a CAGR of 25% [Cisco]. The ratio of connected-devices to humans isincreasing by 10x each decade. At the turn of this century, people had one connected deviceeach (a PC). Today they have 10 or more connected devices each. IoT continues that journeyto 100+ devices each in the 2020’s. These cannot be managed manually, because we humansare increasingly time-poor.