Sumber Sinergi Targets 30% Growth through AI Implementation

Strategic Focus on IoT Solutions

PT Sumber Sinergi Makmur Tbk (IOTF), a technology company specializing in Internet of Things (IoT) solutions, has set an ambitious target to achieve 30% growth in both revenue and net profit by 2026. This growth strategy is primarily driven by the implementation of Artificial Intelligence (AI) to enhance productivity and operational efficiency.

Leveraging AI for Business Growth

The company's CEO, Alamsyah, emphasized that IOTF remains focused on its core business of providing GPS Tracker services based on IoT technology under their brand Fox Logger. The company offers a comprehensive solution that includes both hardware - GPS tracking devices - and Software as a Service (SaaS) for real-time monitoring of vehicles and valuable assets.

Key Growth Drivers

1. AI Implementation: The integration of AI technology is expected to play a crucial role in enhancing operational efficiency and customer acquisition.
2. Subscription Retention: Maintaining high subscription rates remains a key focus area for the company.
3. Operational Efficiency: AI is being leveraged to optimize operational processes and reduce costs.

Business Model

IOTF's business model revolves around providing IoT-based GPS tracking solutions through its Fox Logger brand. The company offers:

• GPS tracking devices for vehicles and valuable assets
• SaaS platform for real-time monitoring and management

The combination of hardware and software solutions provides clients with comprehensive fleet management capabilities, enabling them to track and manage their assets efficiently.