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Pinnacle and Cognite Form Strategic Partnership to Accelerate Data-Driven Reliability for Industrial Facilities
[July 20, 2021]

Pinnacle and Cognite Form Strategic Partnership to Accelerate Data-Driven Reliability for Industrial Facilities


PASADENA, Texas, July 20, 2021 (GLOBE NEWSWIRE) -- Pinnacle, the world’s largest reliability analytics company, and Cognite, a global leader in industrial software innovation, have strategically partnered to accelerate and scale the deployment of the world’s first live reliability digital twin.

The collaboration builds on the strengths of both companies to deliver data-driven solutions at scale, combining Cognite’s flagship product, Cognite Data Fusion (CDF), with Pinnacle’s reliability engineering expertise and Quantitative Reliability Optimization (QRO). QRO is a new dynamic reliability approach that bridges existing first principle’s reliability models with new data science, machine learning and system-based optimization to drive improved facility performance balancing availability, process safety and spending performance. 

“One common challenge our industrial customers face today is the inability to connect and sustain asset data infrastructure across data silos,” said Ryan Myers, QRO Product Manager of Pinnacle. “The collaboration between Pinnacle and Cognite will eliminate this gap and will enable facilities to confidently make data-driven decisions enabling optimal performance at the lowest possible cost in a much faster time frame. We can essentially stand-up a reliability digital twin in months versus years.”

“At Cognite, our mission is to redefine modern industrial data management worldwide,” said Dr. Francois Laborie, President of Cognite North America. “Data is the aswer to some of industry’s biggest challenges, not least of which is sustainability. Focusing on reliability can improve operations, decrease emissions, and so much more. Pinnacle’s reliability analytics expertise combined with our ability to contextualize operational data at scale allows us to make data do more, creating a valuable artificial intelligence (AI)-based solution that addresses transparency, accountability and sustainability.”



“Leveraging Cognite’s advanced AI data contextualization platform allows us to accelerate our deployment in realizing the benefits of QRO for our customers,” said Mauricio Olivares, COO, Pinnacle. “This collaboration allows our customers to speed up their digital transformation in reliability and maintenance, resulting in reduced downtime, improved process safety, reduced spend and greater facility sustainability.”

About Pinnacle
Headquartered in Pasadena, Texas, Pinnacle is focused on helping industrial facilities in the oil and gas, chemical, mining, and water and wastewater industries improve reliability performance, resulting in increased production, optimized spend, and improved process safety and environmental impact. We bridge the gap between data and reliability decisions by combining reliability engineering expertise with data science and technology. Pinnacle is privately held and has been consistently recognized for its growth by Inc. Magazine, the Houston Business Journal, and more. For more information, visit pinnaclereliability.com or follow us on LinkedIn: linkedin.com/company/pinnaclereliability.


About Cognite
Cognite is a global industrial software-as-a-service (SaaS) company supporting the full-scale digital data-driven transformation of asset-intensive industries around the world. Our core product, Cognite Data Fusion (CDF), is an industrial data operations and contextualization platform, putting raw data into real-world industrial context, enabling rapid application & solution creation at scale. CDF powers companies with contextualized OT/IT/ET data to develop solutions that increase safety, sustainability, efficiency and drive revenue. Visit us at cognite.com and follow us on Twitter @CogniteData or at LinkedIn: linkedin.com/company/cognitedata

Contact: Brittany Kopech, 
Communications & Marketing Manager
281-598-1330
Brittany.Kopech@pinnaclereliability.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33b73e39-cf96-4f54-8014-122f8d0f35bc


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