Ennovasys was founded in 2008 by Uday Shankar (CEO) as Ennovasys that initially operated under the software services model. But by 2013, the company pivoted to being an integrated IoT solution provider.
Overcoming the initial glitches, the company now has developed world class IoT solutions comprising of Smart3 e-Surveillance (arming banks with advanced security and remote monitoring using video surveillance of their ATM assets) with Video Analytics, and Smart Security for Schools Smart3 Schools (solution to ensure safety and security of school students while also helping schools automate their business process like Attendance Management, integration with existing school ERP software and others), which were part of the new wave in computing called Edge Computing wherein intelligence is pushed to edge devices and the cloud is used only on an as-needed basis.
But there are several companies providing similar solutions. So what differentiates Smart3 then?
Smart3 brings not one but four distinguishing features that make it stand par ahead of the competition. The company not just builds the software but even the hardware, thus offering an integrated solution to its customers.
The solutions are tested and validated in the market and the intelligence is built in the edge. "We provide complete solution rather than pocketing from others. This provides us complete control over all hardware and the product even becomes cost effective," adds Uday. Additionally, any data generated from the solution is encrypted, which prevents any unauthorised access and/or use of data, thus ensuring better security.
Ennovasys has huge plans to stride high in the near future. It is partnering with some ATM manufacturers to take its Smart3 Surveillance to Pan India ATMs and then extend to Asian and European markets.
The company looks to spread its footprints in Australia, Singapore, Malaysia and Dubai markets as well. "We are at the right junction to capture the growing IoT market as all our solutions can make lot of decisions at the edge and doesn't require to go to the server. Going forward, we aim to be the largest IoT player in India," concludes Uday. And to do so, the company now looks for external funding.