The new product suite, ‘Hive . ai by X2M’ combines X2M’s proprietary IoT platform and AI/ML technology designed to significantly improve operational efficiencies and energy revenue of renewable energy companies. The product suite is expected to significantly increase X2M’s recurring and SaaS revenues. This opens up the renewable energy market in APAC region valued at US$491 billion (2022). In implementing the new product suite, X2M has established a strategic partnership with Sirius Digitech Limited: siriusdigitech.ai to collaborate on taking to market a combined AI offering into the renewable energy sector initially in the APAC region. X2M CEO Mohan Jesudason said: “We are thrilled to deploy this innovative, integrated product suite for renewable energy and utility companies. Our strategy has been to progressively take X2M into the data aggregation and AI fields. ‘Hive . AI by X2M’ and the recently announced DICODE Technologies LLC contract reflects this strategy coming to fruition. Our unique IoT platform creates data in a deep data lake, enabling AI applications to derive forecasts and insights critical to enhance performance and reduce risk and uncertainty associated with renewable energy assets.”
For further information, please click on the links below.