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Orbcomm has unveiled a new Cloud-based analytics service, the company announced August 8. The analytics service will be focused on the transportation & logistics, supply and chain and heavy equipment markets. While the company’s telematics solutons provide real-time operational and transaction data for customers in these industries as well as a good proxy for their assets’ behavior, the new analytics Cloud service will provide more in-depth descriptive, predictive and prescriptive results to optimize customers’ operations.

This new analytics’ offering has the aim of allowing Orbcomm’s global customers to extract valuable, real-time information from their asset-based data to determine patterns and predict future outcomes and trends, significantly improving operational efficiency and driving better business results.

“Orbcomm continues to exemplify leadership and innovation in industrial IoT by redefining what it means to be an end-to-end IoT solutions provider with the addition of our new analytics Cloud service,” said Marc Eisenberg, Chief Executive Officer of Orbcomm. “By responding to customer demand for more sophisticated business intelligence applications, Orbcomm has launched a comprehensive analytics platform that can transform asset data into usable, ROI-driven information to help customers improve performance and efficiency and make better business decisions.”