Teradata, an analytics solutions company, has launched four accelerators designed to speed up the transformation of IoT data to actionable insight. The company said these “Analytics of Things Accelerators” (AoTA) are derived from field engagements at the world’s largest, most innovative IoT companies in manufacturing, transportation, mining, energy and utilities and are comprised of technology-agnostic intellectual property and professional services, applied approaches proven to reduce implementation cost and risk, accelerate time to value, and drive business returns far greater than the initial investments.
These AoTA are designed to help organizations determine what sensor data to trust and keep, while choosing types and combinations of analytical techniques to best address specific business questions. The accelerators help organizations move from costly experimental projects to enterprise-class solutions scaling across thousands of connected devices and countless assets that result in continuous positive business impact.
“To improve Caterpillar’s customers’ total cost of ownership, we now have in place engine sensor feeds that show where and when remote engines need intervention, and we can predict failures across the fleet, which allows for forecasting replacement part inventory needs and recommending proactive maintenance tasks,” said Scott Ulrich, Senior Engineering Team Leader, Large Power Systems Division, Caterpillar. “Projects like these are leading us to enable new service models, and revenue streams from new types of service-level agreements and specialized monitoring and intervention processes.”
The AoTAs include: a Condition-Based Maintenance Accelerator, a Manufacturing Performance Optimization Accelerator that identifies complex production problems for quick corrective action, a Sensor Data Qualification Accelerator to automate recommendations on the optimal frequency of sensor readings, and a Visual Anomaly Prospector Accelerator that mines large amounts of multidimensional time series (MTS) data from remotely monitored equipment and devices and visually helps an end user discover anomaly patterns that frequently precede a key event. Teradata “Analytics of Things Accelerators” are available immediately.
“Teradata AoTAs are already addressing and resolving $100 million-dollar problems for manufacturers of vehicles, equipment, oil and gas systems, and consumer goods,” said Oliver Ratzesberger, EVP and Chief Product Officer, Teradata. “We are seeing a lot of excitement around our Accelerators, because the return on investment is transformational in scope and compelling in business impact.”
Edited by
Maurice Nagle
