Predixion Software Joins the Wind River Partner Program to Offer Advanced Analytics for IoT
Combination of Predixion Insight and Wind River Helix Device Cloud to Enable Deployment of Predictively Enabled Applications at the Edge
San Francisco and Aliso Viejo, CA, August 18, 2015 — Today at the Intel Developer Forum, Predixion Software, a developer of cloud-based advanced analytics software, announced a partnership with Wind River® to provide customers with the ability to take action at the IoT edge, based on insights provided by Predixion’s advanced analytics.
The partnership will enable predictive applications created on the Predixion Insight™ platform to be deployed and managed on Wind River Helix™ Device Cloud, Wind River’s cloud-based IoT platform that enables sensors, devices, and machines to connect securely to a network infrastructure. This allows customers to analyze data from multiple sources and time windows to predict and act on future events across multiple environments providing customers with maximum flexibility in IoT implementations.
A new McKinsey report predicts the economic impact from IoT will reach $11 trillion a year by 2025. With this partnership, Predixion and Wind River are offering a breakthrough solution needed for companies to take advantage of the data generated by the IoT. Just one example of the market opportunity is in predictive maintenance for manufacturing and healthcare, which is estimated to be approximately $577 billion by 2025 with a potential cost savings of 10%-40%.
“For many critical situations, data generated by the IoT needs to be acted on in real-time and close to the edge,” said Simon Arkell, CEO, Predixion Software. “Customers will need solutions that allow for rapid deployment of advanced analytic applications and ongoing management. Our partnership with Wind River is specifically designed to address this need and provide increased value for IoT applications deployed at the edge and in the cloud.”
Predixion Insight combined with Wind River Helix Device Cloud is designed specifically for the IoT to provide insights to drive maintenance cost reduction, resource optimization, and equipment failure prevention. Customers will also benefit from the following key capabilities of the combined solution:
- Insights and action at the edge – Delivering real-time actions driven by advanced analytics at the IoT edge for connected and disconnected environments
- Rapid deployment – Develop and deploy advanced analytics on-device, on-gateway, or in the cloud with ongoing management for complex IoT architectures
- Multiple application options –Device Cloud with advanced analytics insights provided by Predixion enables applications such as predictive maintenance and predictive operations optimization
“Wind River Helix Device Cloud is a proven platform to connect and manage devices, and deliver applications that accelerate IoT initiatives,” said Keith Shea, vice president of alliances and business development at Wind River. ”By partnering with Predixion, an advanced analytics leader, we are innovating to deliver new capabilities to capitalize on the potential of the data generated by the IoT.”
Predixion Insight™ is a cloud-based advanced analytics platform that is uniquely suited for the IoT due to its patent-pending Machine Learning Semantic Model™ (MLSM) technology, which provides “predict anywhere” flexibility. This capability allows advanced analytics packages to be embedded into a variety of production environments, including directly onto connected or disconnected devices, in addition to applications, databases, and complex event processing engines. Unlike traditional analytics tools which struggle with the speed and volume of data generated by the IoT, Predixion Insight can analyze “data in motion” at the edge in addition to “data at rest.”
Predixion Software will be showing the combined solution at this week’s Intel Developer Forum, in San Francisco on August 18-20 in booth #760.
About Predixion Software
Predixion was founded on the belief that analytics has the power to create a smarter, safer and healthier world – and that access to that power should not be limited. To achieve this vision, Predixion developed Predixion Insight™, a cloud-based analytics platform that provides real-time, advanced analytics at the decision point in order to improve outcomes. Predixion specializes in the “Last Mile of Analytics™”— that is getting the power of predictive insights to the front lines where decisions are made – whether that is an application, a BI dashboard, a machine or a device in the IoT value chain. More than 200 companies worldwide rely on Predixion to make better decisions every day. For more information visit http://www.predixionsoftware.com.
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Predixion Software recognizes all of the trademarks referenced in this press release.
Media Contact:
Jan Wiedrick-Kozlowski
Activa PR for Predixion Software
585.392.7878 [email protected]
