In an effort to demonstrate its commitment to innovation and the rapidly evolving IoT (Internet of Things) marketplace, Itron, www.itron.com, a technology and services company, has launched Itron Idea Labs, an organization within the company that is dedicated to developing new business opportunities in high-growth industries and emerging markets.

Specifically, Itron says its Idea Labs will focus on accelerating innovation by being agile, testing cutting-edge solutions, engaging with customers early to determine their business needs, and delivering new solutions at a faster pace. It plans to do all of this by leveraging Itron Riva technology, a distributed intelligence platform that supports sensing technologies and dynamic applications at the device level.

Key to achieving the organization’s mission will be collaborating with customers and partners to identify, research, and develop new technologies and business models using Itron Riva. Current projects within Itron Idea Labs include the Itron Solar Gate, which optimizes solar installations and operations by collecting and analyzing use data from solar inverters and electric meters, as well as Itron Phase ID, which offers a more efficient way of identifying the voltage phase to which a household is connected.

Itron Idea Labs is setting out to address more problems and define more solutions for the IoT. Roberto Aiello, managing director of the Itron Idea Labs, says the organization benefits from having the agility of a startup company and the resources of a world-leading technology and services company. He says: “We are confident in the growth, efficiency, and innovations the collaborative effort of the Itron Ideas Lab can provide for the industry, bringing the power of IoT faster.”

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