UrsaLeo is an IoT platform company that aims to make it easy for companies to collect their sensor data in the cloud, store it, visualize it and integrate it with other IT systems. This is done in a highly secure and scalable fashion.
The consolidated view of the data dramatically simplifies comparisons across factories. With that it is much easier to identify inefficiencies (e.g. product not passing QA, volume of left over scrap) and differences in output.
By embracing the cloud, manufacturers no longer simply collect data but instead, gain actionable insights from it. Whether its for quality improvement, sales forecasts or preventative maintenance, predictive analytics or machine learning can give manufacturers an edge over their competitors and possibly, a complete new service to sell.
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