Waylay was founded in 2014 in Ghent, Belgium and opened a US office in the city of Denver. The company's mission is to transform IoT solutions into business solutions, by develomping the orchestration and automation of enterprise Internet-of-Things. This means that IoT solutions often operate in silos and don’t integrate well with existing IT back-end systems and cloud applications. This leads to inflexible solutions with high integration costs. Waylay is an IoT service orchestration platform that breaks down silos by connecting devices with SW applications and online services.

Their 3 products are:

• Waylay IO - It allows developers to build automation flows and use cases with a developer-friendly environment, backed by a community of users.
• Waylay Enterprise - Provides a cloud-agnostic solution to OT-IT unification. Its Citizen developer approach endorses innovation velocity and puts the value of data in the hands of domain experts without going through lengthy software development cycles.
• Waylay Digital Twin is a no-code Salesforce solution that connects IoT to Salesforce and improves the visibility of data, health and performance metrics for connected assets. Salesforce users configure asset monitoring based on the business context, create new condition-based predictive maintenance use cases, optimize remote operations and leverage asset data for consumption-based business models.

Waylay targets 6 different industries:

• Energy & Utilities
• Smart buildings
• Processing industries
• Discrete manufacturing
• Smart equipment
• Heavy machinery

Depends on the chosen solution. A majority of the include a SaaS with monthly payments that may include upfront costs depending on the project deployment.

Innovations include:

• Integration of IoT solutions usually working separately
• Low code software
• Wide variety of industries aimed to enhance automation, integration, analytics and benchmarking
• Wide variety of technologies that can be enhanced

Focusing on Energy & Utilities market segment, waylay aims to provide the following to utilities customers:

• Monitoring of consumption over time to increase awareness
• Set-up personalized alerts and notifications to avoid unwanted overconsumption
• Enable early-on detection of problems such as power interruptions or voltage problems or any unintended over-consumption
• The platform combines meter data with customer data from the utility company’s ERP system to provide a customized view in their customers user portal

Regarding EE and facility managers, Waylay provides a continuous and automated energy consumption analytics platform that aggregates and analyses data from multi-vendor energy consuming equipment, integrates with BMS systems and enables facility managers to increase energy efficiency. Core features are:

• Real-time building intelligence
• Minimize costs with asset and energy optimization
• Predictive asset failure

Focusing on Smart Buildings market segment, waylay aims to provide:

• IoT Platform insights to enable customers to optimize maintenance processes, failure detection, occupant safety and reduce your energy footprint.
• Analyze real-time sensor data and consolidate information from disparate systems to add a new layer of Smart Building Intelligence.
• Automating smart building workflows
• Automated data collection and processing.