I’ve been looking for the companies that benefit the most, and most directly, from the covid-19 pandemic. A month or so ago I identified Zoom and Teladoc and I was looking for another one. I had seen Everbridge but I could not figure out how they could become a key player, how they would grow and monetize their mission statement. Literally 20-20 has cleared it up.
I’ve been an amateur student of the Science of Complexity for over 20 years. It was made clear early on that it would govern our lives as much as bronze, iron, agriculture, steam, electricity, and other inventions had dominated earlier eras. One idea stuck powerfully in my mind, that as the number of nodes increased, so would increase the instability of the whole network, an effect graphically demonstrated by Stuart Kauffman, one of my favorite Complexity scientists. If covid-19 is not as close to chaos as we have ever come, I don’t know what is. Zoom and Teladoc are easy to understand in just two words: “contactless communications.” Everbridge is much more interesting!
If the greatest risk of a network is the increasing instability – the chaos induced by the growing number of nodes, the mission of Everbridge is to bring order to all those nodes! Everbridge collects information from all the nodes, makes sense of them, and imparts order to the nodes keeping the growing network from self destruction by chaos.
If you don’t want your organization to self destruct, you have to use Everbridge.
You think 7 billion people create a chaotic network? How about 75 billion IoT devices?
Everbridge Unveils Critical Event Management (CEM) for the Internet of Things (IoT) Supported by Two Technology Acquisitions
New IoT capabilities automate process of mitigating a wide variety of critical events such as coronavirus (COVID-19) to protect people, operations and supply chain.
With the number of IoT devices expected to approach 75 billion by 2025, the Everbridge CEM platform enables organizations to utilize vast amounts of electronic data, including IoT sensors, to digitally transform how they manage the safety and security of their employees, customers, patients, first responders, residents, and visitors, as well as the resiliency of their operations and supply chain. CEM for IoT extends the number of use cases for the Everbridge platform within the broader critical event management market, complementing the company’s existing offerings for supply chain and wearable devices.
Companies, governments and healthcare organizations utilize CEM to mitigate risks from coronavirus with several million COVID-19 related communications deployed by Everbridge in recent weeks. The expansion of CEM for IoT enhances coronavirus-related use cases to better protect people, operations, supply chain and brand. For example, the Everbridge ecosystem supports over 1,500 healthcare entities including the top pharmaceutical, biomedical and medical device and manufacturing companies, as well as the largest healthcare systems (overseeing more than 25 percent of all hospital beds in the U.S.), managed care organizations, pharmacies, and statewide health alert networks (HANs), including the Centers for Disease Control and Prevention (CDC) and the National Institutes of Health (NIH). CEM for IoT improves the ability to coordinate first responders and other critical healthcare resources such as intensive care unit (ICU) beds, respirators, expert medical staff, etc., based on real-time data on the broader impact of COVID-19.
This is the reason to add EVBG to the covid-19 investing tripod. It’s the leader of the field they pioneered and at the very heart of network complexity. None of the other SaaS offering is as universal.
Fool wrciii wrote:
I trimmed my position today because of its size in my portfolio, my sense that a lot of the growth is priced into the stock now, and management mentioned the word “prudent” several times when discussing 2020 guidance.
If my vision is not blurred, Everbridge is still at the staring gate…