Industrial Internet of Things (IIoT) Solutions for Manufacturing
Cliff Emmons, CEO of IIOT-OXYS Inc. (OTC: ITOX), recently sat down with SmallCapVoice.com Inc. to discuss his company’s business model and give investors insight into its key markets.
You’ve likely heard of the Internet of Things (IoT), the global network of physical devices that are connected to the internet for convenience and business-to-consumer (B2C) purposes. Industrial Internet of Things (IIoT) extends this technology to business-to-business (B2B) use to increase safety and efficiency in manufacturing and production facilities. Harnessing this power is where IIOT-OXYS gets innovative.
A SaaS technology company at its core, IIOT-OXYS combines IIoT with AI (artificial intelligence) and machine learning, edge computing and manufacturing operations to deliver unique and proprietary technologies to assist large corporate and government clients with their industrial internet needs.
The company employs a three-phase process to identify each client’s challenges and provide a customized solution that generates recurring revenue for IIOT-OXYS. First, there is a discovery phase to assess the goals of the manufacturing process in focus. Next comes a proof-of-concept phase, followed by a service subscription (revenue stream) for the services needed to improve the manufacturing process.
Here is how the process works. IIOT-OXYS uses sensors to capture and analyze massive amounts of data, using machine learning and proprietary algorithms to identify discreet patterns and anomalies to provide actionable, mission-critical insights. This enables “predictive maintenance,” which saves businesses time and money by ensuring their industrial machines are running at peak performance. IIOT-OXYS’s technologies help field service technicians identify potential issues in customer equipment before they become major issues, creating another hedge against wasted resources.
This business model enables IIOT-OXYS to service large businesses in a wide range of industries, including medical and pharmaceutical, manufacturing, agriculture, defense and structural health. In recent years, however, IIOT-OXYS has enhanced its technology to extend these offerings to smaller businesses as well.
“I would say over the past few years, where we’ve gained in strength is in our AI and machine learning capabilities,” Emmons tells SmallCapVoice.com. “The ability to literally give [our clients] higher productivity through smart manufacturing and really help not only large corporations but even small and medium enterprises (SMEs) go through the digital transformation to unlock that productivity.”
This allows companies of all sizes to optimize productivity, reduce costs and streamline operations. Moving forward, IIOT-OXYS will use this expansion as a catalyst for continued corporate growth.
“When we take a look at what we’ve been able to accomplish in 2021, it’s very foundational,” he says. “This was the year we found the right financing partners to back the company so that we could be fully positioned to grow. Secondly, … we have definitely been able to take the additional time that we’ve had since some foundational proofs of concept were created to further develop our algorithms, sharpen them up, and also use the results and develop them into excellent use cases that we can use as marketing collateral to go out and engage potential customers.”
If you’re interested in learning more about IIOT-OXYS, send your questions to [email protected] and then stay tuned for our next interview with Emmons.