Telemetry Service

Telemetry Service Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

When devices talk, businesses listen. Telemetry services involve remotely collecting data from equipment and devices to monitor, measure, and improve performance.

Imagine setting up a system that can track the health and usage patterns of machinery in real-time. This business requires creating or leveraging existing telemetry software to gather crucial data, which clients can use to make informed decisions about maintenance and operational efficiency.

Industries from healthcare to manufacturing are increasingly dependent on data. By offering a telemetry service, you can tap into this growing demand, helping companies save on downtime and optimize their operations.

While setting up a telemetry service involves understanding various devices and networking protocols, the value you provide could lead to lasting client relationships and a steady revenue stream. If you’re intrigued by technology and data, this business idea could be your avenue to making a tangible impact in the digital age.

In this list, you'll find real-world telemetry service success stories and very profitable examples of starting a telemetry service that makes money.

1. Statful ($102K/year)

Statful was initially developed by Mindera, a tech services company, to meet their own need for a monitoring tool. They wanted a tool that could communicate what was happening in their applications to both developers and businesses. They found that existing tools in the market were either too expensive or required extensive deployment and maintenance. This led them to create Statful, a customizable monitoring platform that provides real-time data and flexibility for developers, operations, and business teams. Despite minimal investment in marketing and sales, Statful has gained six customers from various industries and reached an MRR of approximately $10,000.

How much money it makes: $102K/year
How much did it cost to start: $250K
How many people on the team: 5

How We Developed A $8.5K/Month Data Aggregation And Visualisation Tool

Statful, a monitoring platform to track any type of metric, managed to get six customers and reach an MRR of approximately $10,000 without any real investments in marketing and sales.

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