by Angela Guess

According to a recent press release, “microshare.io, a leading data management provider, today unveiled its newest solution designed to fill the governance and monetization gap between network servers and data consumers. The Internet of Things (IoT) is connecting billions of new devices every year, including home sensors, remote health monitoring, wearables and connected cars. All these devices are creating valuable data which is typically handled directly from the network to the application or user. ‘A gap exists in how to consistently enable the data owner to monitor and control who has access to this data and for what purposes,’ said Ron Rock, CEO of microshare.io. ‘Moreover, many IoT business models rely on the consumer paying a subscription fee, which slows down adoption or drives churn past an initial free period’.”

The release goes on, “microshare.io has developed the patent-pending Policy Fabric and microshare™ platform to address this gap. This provides telecom carriers, network suppliers and equipment manufacturers with a solution to ensure compliance from a data governance standpoint as well as enable new business models where multiple parties may pay for some of the data and the consumer gets a free service in return for the data. ‘Storing, accessing, enriching and sharing IoT data are the necessary complement for our customers or our customers’ customers to build their own applications,’ said Hardy Schmidbauer, CEO of TrackNet Inc. ‘Combining our sensors, gateways and network server with the microshare™ data management platform is the fastest route to market for new private and large-scale IoT operators’.”

Read more at Marketwired.

Photo credit: microshare.io