NEW YORK, December 8, 2017 /PRNewswire/ —

The technology driving the Internet of Things (IoT) enables person-to-person, person-to-object and object-to-object connections that facilitate increased productivity, greater operational efficiency and streamlined work processes. Adoption of cloud computing and the ability of IoT technology to reduce costs are the main driving forces behind the growth of this technology. It is estimated that by 2020 there will be over 50 billion things connected globally, and Grand View Research predicts that the industrial IoT market will grow at a compound annual growth rate (CAGR) of almost 28 percent to reach USD $933 billion by 2025. Of course, this level of connectivity will generate a vast amount of data that has to be stored and processed, and Carl Data Solutions, Inc. (OTC: CDTAF) (CSE: CRL) (FSE: 7C5) (Carl Data Profile) is one competitive company well-positioned to take advantage of the anticipated growth in this market. Other companies gearing up to support IoT technology-adopting enterprises include Cisco Systems, Inc. (NASDAQ: CSCO), Red Hat, Inc. (NYSE: RHT), Baidu, Inc. (NASDAQ: BIDU) and Intuit, Inc. (NASDAQ: INTU).

Data-gathering sensors are critical elements in IoT systems, and the affordability of fully-automated systems improves as the price of sensors continues to fall. Automation is set to have a massive impact on our daily lives, from smart homes to smart applications within city, utility and factory infrastructures. The major challenge presented by the growth in this industry is how to handle the large amounts of data generated.

Focused on the Industrial Internet of Things (IIoT), Vancouver-based Carl Data Solutions (OTC: CDTAF) (CSE: CRL) (FSE: 7C5) facilitates data collection, storage and analytics for data-centric companies. The company leverage its team of data scientists and application developers to build environmental monitoring and modeling technology. Guided by an experienced management team, it has taken advantage of IoT market opportunities through strategic acquisitions to build up its customer base in specific verticals.

In 2015, Carl Data acquired FlowWorks, a company with a proprietary system for SaaS-based monitoring, data collection, alarming and reporting. Further expanding its portfolio, Carl Data earlier this month completed its acquisition of certain intellectual property assets, tangible assets, and intangible assets from AB Embedded Systems Ltd, a company with advanced telemetry technology operating in over 250 pump stations across North America. The acquired assets provide Carl Data the tools needed to provide custom devices for its clients, according to a news release announcing the move (http://quotemedia.com/portal/quote?qm_symbol=cdtaf&searchBySymbol=symbol&qmodStoryID=8200839564659662). The included equipment for board prototyping and micro manufacturing also allows the company to pursue complete in-house product development with the shortest possible time to market.

“The AB Acquisition is in line with Carl’s commitment to acquire (complementary) companies and technology. In the case of AB, this acquisition will allow our company to be more turn key when implementing our solutions. (Complementary) hardware and telemetry solutions will mean faster integration of our SaaS based applications for customers at a very competitive price point,” Carl Data CEO Greg Johnston stated in the press release.

Carl Data’s current portfolio also includes Extend to Social (ETS), a social media application that adds a deep analytics layer to provide clients with valuable insights for new marketing campaigns plus behavioral characteristics for customer service, operations and product development. These strategic acquisitions brought established clients on board in the wastewater and stormwater, oil and gas, dams, reservoirs and tailings ponds sectors, positioning Carl Data with market opportunity in a number of growing verticals.

The core of Carl Data’s complete, turnkey, end-to-end solution is its collection of information from billions of data points, which is stored in scalable, customized cloud-computing facilities and then analyzed. Data analysis can take several forms depending on client requirements, including reporting, alarming, predictive analytics and machine learning. The company has the ability to handle any amount of big data, generating reports for plant management and automated alarms when plant conditions need to be corrected. Carl Data uses algorithms for predictive analytics, producing a seven-day forecast of the impact of future events on a company’s assets and enabling it to take preventative measures. The company also has advanced artificial intelligence (AI) capabilities that can be employed for machine learning, enabling equipment to self-diagnose and self-correct.

A quick look at one of the company’s most recent endeavors in the waste management market, which globally is expected to reach $562 billion by 2020, demonstrates a single avenue of its many opportunities. On December 5, 2017, Carl Data announced its continued expansion into the solid waste management sector of the IIoT through a letter of intent with Peak Disposal Services, Inc. for the development of an industrial-grade monitoring system.

Peak Disposal manages hundreds of containers for the Vancouver-area construction and movie industries. The partnership with Carl Data aims to address the need for monitoring systems durable enough to survive the rough treatment common on these work sites. Peak Disposal has as many as 140 containers that would benefit from this system and expects to implement Carl Data’s system for automation and data gathering purposes once it is successfully tested. With Carl Data’s ability to analyze data trends, location-based fill-level forecasting and other predictions will help reduce Peak Disposal’s time and monetary expenses.

“In North America and around the world, solid waste management has become a huge concern. The development and launch of this new service allows us to enter a new vertical in need of environmental IIoT monitoring solutions. We are sure Peak Disposal will see a huge increase in overall efficiency when our system is deployed and look forward to rolling out this monitoring system to other companies with similar needs,” Kevin Marsh, Carl Data’s VP of Business Development, stated in the press release about the LOI (http://nnw.fm/a7GOp).

Additionally, Carl Data has signed up many municipalities to use its technology for water and sewage infrastructure, including some of the biggest cities in North America. The potential for further business is huge, as the United States alone needs to spend an estimated $1 trillion in water infrastructure upgrades over the next 25 years. Companies in the oil and gas industry need predictive analytics on their pipelines to prevent potential environmental disasters. There is a long list of sectors that can benefit from this technology in a future where storing and analyzing big data will be key.

Carl Data’s capabilities place it among the ranks of larger companies like Cisco Systems, Inc. (NASDAQ: CSCO). With a market cap of more than $180 billion, Cisco is the largest networking company in the world with various subsidiaries including OpenDNS, WebEx, Jabber and Jasper. From its headquarters in San Jose, Calif., the company develops, manufactures and markets Internet Protocol-based (IP) networking hardware to specific sectors, including energy management, domain security and IoT. Cisco has done seven acquisitions in 2017, including Springpath, a provider of hyper-convergence software. The company also acquired Perspica, which provides AI and learning-machine technologies.

Red Hat (NYSE: RHT) was founded in 1993 and has headquarters in Raleigh, N.C. With a market cap of just over USD $22 billion, the company provides open source software solutions including virtualization, operating system, cloud, mobile and storage technologies to global enterprises. In addition, it provides a consulting, support and training service to its clients. Red Hat is a strong proponent of open source licensing. On Nov. 27, 2017, the company, together with Facebook, Google and IBM, announced their commitment to extend additional rights to cure open source license compliance errors and mistakes.

Baidu (NASDAQ: BIDU) is a Chinese web services company located in Beijing. It is one of the largest Internet companies and also one of the leading AI companies in the world. The company develops innovative products, incorporating ways to interact with technology through AI and mobile devices. Baidu has the second largest search engine in the world and in December 2007 became the first Chinese company to be included in the NASDAQ-100 index.

Best known for its accounting program QuickBooks, Intuit (NASDAQ: INTU) is a business and financial software company that develops and markets financial, accounting and tax software to small businesses and accountants around the world. With a market cap of just under USD $40 billion, the company is in the process of adapting its software to work with IoT and virtual reality technologies. It aims to provide small business owners with the ability to have access to financial information and work remotely with their accounting professionals to facilitate faster and easier business decisions.

The Internet of Things is destined to have a huge impact on industry, business and the way we conduct our daily lives. These companies are well positioned to support enterprises in the adoption of this technology and provide facilities for the collection, storage and analysis of data, creating significant opportunities for investment in an ever-growing sector on the brink of what is widely described as the “fourth industrial revolution,” according to Carl Data Solutions CEO Greg Johnston.

For more information on Carl Data Solutions Inc., visit Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF)

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