by Angela Guess

According to a recent press release, “Exosite LLC, a leading provider in the Internet of Things (IoT) platform market, today announced Exchange, a curated library of reusable IoT elements, including industry-proven 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.”

The release goes on, “Large organizations entering the IoT world quickly 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. Exosite’s Exchange is the first marketplace of its kind to offer pre-integrated elements specifically 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 dramatically accelerate time-to-market, maximize budgets and fast-track ROI.”

Read more at Business Wire.

Photo credit: Exosite