With the Internet of Things (IoT) one of the fastest growing technologies today, revolutionising the way we interact with our surroundings, the launch of new tech company ‘Thingbook’ reminds us that with this revolution comes the increased threat of cyber attacks.
The emerging tech start-up, Thingbook.io, created for IoT & Telecom companies, addresses poor security implementation, with an Artificial Intelligence Solution designed to mitigate the risk and onslaught of cyber attacks.
In collaboration with The Institute of Technology, Blanchardstown (ITB), who supported Thingbook.io in its development stage through the New Frontiers Programme and also through the School of Informatics & Engineering, the company is set to launch a product which predicts how machines will work, which identifies unusual patterns and cyber-attacks, and blocks the unusual activity without human intervention.
Thingbook.io is the first equipment behavioural platform able to store, compare, analyse and predict thousands of equipment behaviours at the same time. It is built using the latest streaming technology and patented machine learning algorithms, which give the company the unique capability of processing up to a trillion messages per day in real time. This technology can reduce equipment downtime by up to 50% and reduce CAPEX by 30% by extending equipment lifetime.
“Undoubtedly, the IoT presents many opportunities for how we as humans can better manage our physical world. However, the application of this new digital skin and our increasing reliance on IoT technologies also presents many challenges,” said Thingbook.io founder, Roman Ferrando.
“Thingbook.io is a specialised SME, developing sophisticated software solutions to better manage and gain insights in IoT data. Through the use of data analytics and artificial intelligence, Thingbook.io will address some of the key challenges presented by IoT and overcome the challenges of operating billions of devices at the same time,” he continued.
The technology is already proven in areas including Telecom Small cells, Cybersecurity threats, Early Detection and Telecom Revenue Assurance.
“The IoT market has a compound annual growth rate of over 30% and according to some experts, will be the largest market in the world in 2029 affecting the manufacturing, healthcare, energy, retail, transportation, and logistics industries, so as a leading research and development cluster in Internet of Things technology, ITB was keen to partner with Thingbook.io to support this area of research,” commented Dr. Paul Stacey.
“Addressing highly complex problems wouldn’t be possible without the support and partnership of the Institute of Technology Blanchardstown. Thingbook and ITB have also produced top class academic material in the area of IoT Cybersecurity and predictive maintenance. The activities engaged in by ITB in the field of IoT provided an ideal collaboration opportunity for Thingbook to connect with academia and the rest of Irish IoT ecosystem,” said Mr. Ferrando of his partnership with ITB.