[October 25, 2016]

OnProcess Technology to Discuss Using IoT to Predict Product Failures and Slash Inventory Costs at Internet of Things Expo

OnProcess Technology, a global pioneer in service supply chain management and optimization, today announced it will be a featured speaker at Internet of Things Expo, taking place November 1 - 3, 2016 in Santa Clara, California. Dan Gettens, OnProcess' Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock.

Internet of Things Expo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from big data in IoT, smart grids, wearables and incorporating IoT into modern dta centers.

"An IoT product's log files speak volumes about what's happening with products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen," Gettens said. "I look forward to showing IoT Expo attendees the latest methodologies for analyzing IoT data, accurately forecasting product issues and avoiding failure-related business impacts."

In the session "Using IoT Data to Predict Product Failures and Slash Inventory Costs," on November 2, 2016 at 5:00PM, Gettens will discuss recent research by OnProcess and Massachusetts Institute of Technology, in which they created a new, breakthrough analytics model for spare parts forecasting and inventory planning using connected-product failure predictability. He'll show how, by using this model to analyze IoT data, vendors can slash both costly inventory stock and stock-outs, and meet heightened customer expectations for repairs and uptime.

About OnProcess Technology
OnProcess Technology is a managed services provider specializing in complex, global service supply chain operations - the flow of people, parts and services following the sale of a product. The company's deep expertise, purpose-built technology delivery and embedded, analytics-based process improvement, enable clients to quickly optimize and scale operations, grow revenue and profitability, and deliver superior customer experiences. OnProcess provides services in 23 languages and operates in six global facilities, including its Massachusetts headquarters and facilities in Maine, Costa Rica, India and Bulgaria. www.onprocess.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20161025005067/en/

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