Concirrus is a telematics-based application enablement platform. It captures raw data and turns it into actionable insights that drive business decisions, and is focused on the fleet and vehicle insurance markets.
An illustrative use-case is vehicle/driving insurance companies, who can leverage in-car telematics to collect driver-specific data through the Concirrus platform, enabling them to refine the insurance premium on an individual basis.
Concirrus operates within the wider Internet of Things (IoT) marketplace. This is a fast growing area - A UK Gov’t estimate suggests the number of internet-connected devices will soar from 14bn to up to 100bn by 2020.
GE has predicted that ‘Industrial Internet’ has the potential to add $10 trillion to $15 trillion to global GDP over the next two decades.