|[April 18, 2013]
ThingWorx and Numenta Partner to offer Next Generation Predictive Maintenance and Operations for the Connected World
EXTON, Pa. --(Business Wire)--
the provider of the first application development platform for the
connected world, and Numenta,
a leading provider of solutions that help companies intelligently act on
machine-generated data, today announced a partnership to create the next
generation of tools for predictive maintenance. The companies will work
together to deliver advanced maintenance solutions to enable
organizations to fully leverage the troves of data being generated by
their connected machinery to achieve maximum operational efficiency and
reduce maintenance costs.
The proliferation of devices and sensors creating machine-generated data
yield enormous opportunity for automated predictive maintenance
solutions. According to leading device and network companies such as
Ericsson (News - Alert) and Cisco, the number of connected devices and machines is
expected to reach 50
billion devices by 2020. ARC Research estimates that predictive
maintenance is a global $20 billion opportunity. To fully capitalize
on this opportunity, ThingWorx and Numenta believe that a new generation
of maintenance solutions are required that go beyond today's
batch-driven analytics approaches.
ThingWorx, which provides a powerful and flexible platform to rapidly
deliver customizable applications and connected solutions, is
architected for this explosion of devices and data across a range of
industries. Numenta's industry leading biologically inspired machine
intelligence technology, called Grok,
is designed to automatically analyze data generated by these connected
devices to drive actionable predictions. Grok ingests data streams and
can detect anomalous patterns in data streams that indicate, for
example, when a machine is in an unusual state and might fail.
"Our two companies bring a unique combination of assets to tackle
problems in real-time predictive maintenance to help companies minimize
or avoid downtime of mission critical systems and reduce maintenance
costs," said Rami Branitzky, Numenta CEO. "Grok capabilities-especially
its continuous learning and automated modeling-are ideal for advanced,
proactive monitoring of machinery that needs to have continuous uptime.
Working closely with ThingWorx's industry leading connected device
platform and rapid development environment we are well positioned to
help transform the predictive maintenance market."
"ThingWorx is pleased to be able to offer plug-and-play access to the
most innovative analytic framework in the market today," said Russ
Fadel, CEO and Co-Founder of ThingWorx. "Grok provides new capabilities
for predictive maintenance applications. By integrating it into our
platform we can eliminate the time-consuming process of data analysis
and predictive modeling and provide customers in asset-intensive
industries such as energy, oil and gas, healthcare, and manufacturing,
and equipment OEMs, with the critical analysis and actions in order for
them to operate more reliably and efficiently. We are excited to be
offering a solution that we believe will allow companies to truly
predict machine behavior, which will enable a step change in efficiency."
As part of their collaboration, Grok has been certified as ThingWorx
Ready™ and will be pre-integrated with the ThingWorx rapid application
development platform. Further information on the combined predictive
maintenance solution will be on display at the upcoming Field
Service USA event, as well as during a live webcast on April 24,
Services: The Future of Connected Products Today."
Numenta builds solutions that help companies automatically and
intelligently act on their data. Its Grok technology and product
platform are based on biologically inspired machine learning technology
first described in co-founder Jeff Hawkin's book, On Intelligence.
Grok ingests data streams and creates actionable predictions in real
time. Grok's automated modeling and continuous learning capability makes
it uniquely suited to drive intelligent action from fast data.
Grok solutions are available directly from Numenta and its partners in a
variety of vertical markets, including energy, IT management, and
finance. For more information, go to www.numenta.com.
Thingworx™ provides the first platform designed to efficiently build and
run the applications of today's connected world. ThingWorx's model-based
design and search-based intelligence reduces application development
efforts by 10X, minimizing cost, risk and time to market. The ThingWorx
platform combines the key functionality of Web 2.0, search, and social
collaboration, and applies it to the world of "things," including
connected products, machines, sensors, and industrial equipment.
Businesses use the ThingWorx platform to rapidly deliver innovative
applications and connected solutions across markets ranging from
manufacturing, energy, and food, to Machine-to-Machine (M2M) remote
monitoring and service, as well as in emerging Internet of Things
applications, including smart cities, smart grid, agriculture, and
transportation. For more information, please visit our website at www.thingworx.com
and our blog at www.thingworx.com/blog
or follow us on Twitter (News - Alert) at @ThingWorx.
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