London, July 7, 2015 – ParStream, the Internet of Things (IoT) analytics company, announced today that it has joined the HyperCat consortium. The mission of the consortium is to accelerate the development of the IoT. It consists of 40 European and US-based technology providers, along with educational establishments and local authorities.
It is predicted by many industry analysts that the IoT will continue to grow rapidly over the next decades. More and more devices are being connected and an increasing number of companies are adopting IoT technology to drive new business models and foster revenue growth. The HyperCat consortium aims to create an inclusive one-stop shop of best practice IoT implementation through the sharing of knowledge of processes and applications.
“We look forward to working with the HyperCat consortium and member organizations to accelerate the adoption of IoT technology and drive potential business benefits,” said Peter Jensen Chief Executive Officer of ParStream.
The ParStream analytics platform for the IoT helps companies generate timely, actionable insights from IoT data by providing highly innovative and differentiated ways to analyse streaming and historical data – faster, with greater flexibility and closer to the source.
Image Credit: ParStream
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