San Francisco — July 8, 2019 — UrsaLeo, an enterprise-grade, cloud-based industrial IoT platform for manufacturing, and Widget Brain, a company that offers scalable AI services to transform machine data into improved machine uptime and performance, today announced a partnership to help Industry 4.0 companies realize the full power of their IoT data. By connecting the two platforms through an API, the data that UrsaLeo gathers will be able to seamlessly integrate with Widget Brain’s Algorithm Factory. The data can then be used to drive Widget Brain’s proprietary root cause analysis and failure prediction algorithms to generate previously unseen insights into the customer’s business.
“UrsaLeo and Widget Brain are a perfect match’ commented John Burton, CEO of UrsaLeo. ‘We are in the business of collecting data in industrial environments and Widget Brain has the expertise to use and mine that data to generate useful insights’
Stacy Huffstetler, Managing Director of Widget Brain North America, agrees: “Working with UrsaLeo allows us both to focus on what we do best, while offering a complete service to our clients. I’m very excited about this partnership and the impact we can have together in this space.
Together the companies will offer the customers a comprehensive IoT platform with a direct connection into an advanced machine learning environment. Features include:
‘Machine Learning offers enormous promise’ said Angie Sticher, CPO of UrsaLeo. ‘However it’s not as simple as just feeding a data stream into Tensor Flow or some other deep learning algorithm. Widget Brian brings the expertise needed to separate the useful data from noise and thus perform diagnoses and predictions that are relevant for the machine in question. We’re delighted to be able to offer their services to our customer base’
UrsaLeo provides an enterprise-grade, cloud-based industrial IoT platform for manufacturing. The UrsaLeo Cloud platform enables businesses to securely connect, analyze and act on data delivering improved operational efficiency, reduced costs, and access to new revenue streams. At a fraction of the cost of legacy systems, manufacturers can easily develop and deploy industrial applications at the edge and in the cloud. As a Google Cloud and SaaS partner, the UrsaLeo Cloud platform securely connects millions of globally dispersed devices and scales automatically in response to real-time changes. UrsaLeo was founded by manufacturing and software engineering experts averaging 25 years of industry expertise. For more information visit http://www.ursaleo.com.
About Widget Brain
Widget Brain is the plug-in AI services provider to make optimised decisions. With a mission to maximise uptime and improve machine performance, various AI and machine learning techniques are used to provide invaluable insights together with the maintenance experts of OEMS, operators and service parties. The set of enterprise-grade AI services consists out of Root Cause Analysis, Fault Diagnosis, Failure Prediction, Service Order Prioritization and Service Planning. Go to www.widgetbrain.com to learn more.
Heuristics are a good way to quickly see results in demand forecasting and shift creation, but there are some other downsides as well. It will, for example, not scale well and you'll probably end up with modern whack-a-mole to get the heuristic to give accurate results. Learn more about the technical specifics and what the solution can be.
Each one of your stores, restaurants and/or locations has its own context: different demand drivers, local events and seasonal effects. And they all need their own forecasting method to give you the most accurate results. Hyperlocal forecasting allows you to do that. Read more about the why, how and what of hyperlocal forecasting.
When system integrators are paired with intelligent algorithms, their services become more valuable and customer-focused. Thus, making their customers' transition to automation easier and quicker, since machines can make more effective and accurate data-driven decisions sooner.