Trackunit breakthrough with Operating Data Platform IrisX
August 29 2024 - 6:00AM
Global contech Trackunit has today launched its Operating Data
Platform IrisX tailored specifically to the off-highway segment of
the construction industry.
The new platform effectively breaks new ground by building on
the tried-and-tested Iris platform allowing customers to leverage
generative AI and Large Language Models in a dynamic and evolving,
open environment.
“It was Gartner that predicted the rise of Industry Cloud
Platforms in a report in the fall of 2023, highlighting that
more than 70% of enterprises will use ICPs by 2027,” said Trackunit
CEO Søren Brogaard. “IrisX is in essence an ICP for
off-highway construction, and will exponentially transform
productivity and speed to market.
“This is a purpose built platform that connects, streamlines and
empowers data from the back office to the frontlines that takes its
place within a wider Cloud and IT architecture,” he
said. “The beauty of IrisX is that it co-exists and
integrates with all your other tools so customers can choose how
much they wish to leverage.
“IrisX is designed to help companies overcome the significant
challenges of digital transformation, such as high upfront
investment and the scarcity of tech talent,” said Brogaard.
“By offering a platform that coexists and integrates with
existing tools, we ensure faster time to value and impact,
making it easier for companies to scale their digital
investments.”
“Our customers and partners already have experience of building
proprietary solutions through Iris,” said Brogaard. “Now IrisX
unlocks deep insights and capabilities through integrating AI and
machine learning that will specifically target customer pain points
such as downtime, maintenance schedules, and keeping track of
fleets between sites to mention just a few.
“With an accelerated time to value and at fractional cost, IrisX
is developer friendly and will facilitate the combination of
telematics data, operational data and commercial data in one secure
and scalable platform with stronger cyber security while also
guaranteeing privacy over data,” he said.
“Trackunit has spent years harmonizing and cleaning telematics
and operations data in a well structured data lake and customers
can be absolutely confident that they only share the data they want
to share when they are ready to do so,” said
Brogaard. “Their data scientists will effectively be able
to start building their own ecosystem on top of IrisX from the day
they sign up, enabling them to ring fence data that is integral to
maintaining their competitive edge.”
IrisX will also enable users to integrate equipment, fleet and
site insights across their tech stack knowing compliance
and cyber security concerns are covered via privacy and
governance protocols embedded through the ISO 27001
certification.
“The scope of what IrisX can do is really incredible,” said
Brogaard. “The automation studio, for example, will help
eliminate a lot of manual tasks leaving teams to focus on
higher-value activities and use blueprints to optimize app
integration and create workflow automation.
“Customers will also be able to use software development kits to
build apps & extensions specifically tailored to their customer
base, not only enhancing the service offering, but extend the power
of their telematics data, proprietary data, and third-party data,”
he said.
For OEMs that means, as just one example,
transforming predictive analytics into proactive
sales while Contractors will, among other things, be able
to create a cross-jobsite comparison of external rental assets with
internal assets to optimize usage and minimize costs. Rentals
will also benefit. They will, for example, be able to optimize
their depot turnaround time through data analytics.
“We are moving into an era where IT can no longer be viewed as a
side project running parallel to what your company does,” said
Brogaard. “The pace of learning demands putting it the
center of everything you do to leverage the tremendous
opportunities with unlimited scalability that are coming in the new
business transformation.
“IrisX will continue to evolve and develop dynamically,” he
said. “For our customers that are already on board, they
will have a headstart on all the truly exciting developments that
will unfold as the platform becomes ever more sophisticated.”
- Please visit https://trackunit.com/irisx/ for more
information. Note this page goes live at 12.00 CET, August 29,
2024.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d4b69e62-0597-438e-940e-8260b208d731
Contact: Lærke Ullerup, Chief Product & Marketing Officer at Trackunit. +45 5370 3033 smerrick@spacomms.com