Ericsson launched the “IoT Accelerator”, its connectivity management platform and with the support of Otodata they will enhance their remote storage tank monitoring business.
There is growing pressure on tank operators to increase efficiency while containing costs as the supply levels of stored liquids, gases, fuels, oils, and more become more crucial to the global supply chain and as the market for wireless tank level monitoring is predicted to reach almost a quarter of a billion dollars by 2027. That is made possible by Otodata's real-time, precise monitoring. A cellular IoT-based solution is assisting the company in quickly scaling up operations, with Bell providing both network access and connectivity management.
Otodata's business has been expanding quickly; the company is very close to selling 2 million tank monitors. As a result, they realized they needed to improve their first connectivity solution, an Eastern Canada-focused private network. As the business plans to go worldwide, they are collaborating with Bell and Ericsson to integrate SIM cards into their products, enabling them to operate on the public cellular network and creating new opportunities.