Tyco announced that it is building on its Internet of Things capabilities, combining proven technology and innovations with the expertise of its Installation and Services groups and the more than one billion fire, security and retail sensors and devices the company has installed around the world. These capabilities will enable Tyco to offer new intelligent services for customers ranging from Fortune 500 companies to small businesses and households.
Tyco's IoT platform transforms the data from these traditional facilities-oriented systems into highly valuable business intelligence focused on solving real-world problems in various environments. The platform will allow Tyco's customers to collect data from their installed sensors and devices and perform advanced analytics, unleashing the value of the information and creating numerous smart service possibilities for customers. The company is moving to expand the platform so that it incorporates more sensors, devices and applications from external sources, making it possible to deliver an even wider array of intelligent solutions for customers in multiple vertical markets.
For several years, Tyco has delivered IoT solutions in its business that focuses on the retail market. Deployed in more than 4,000 retail locations, including some of the world's largest store chains, Tyco's solutions deliver visibility and predictive capabilities addressing inventories, store traffic, and customer behavior. Its new TrueVUE 5.2 offering can gather data from RFID, video, EAS and traffic sensors, and transform it into actionable insights that empower retailers to maximize revenue, optimize inventory management, and deliver a memorable shopper experience across all of their operations. Tyco is developing similar applications in other market verticals it serves.