Falkonry Announces Enhancements to Market-Leading Falkonry Software

 

Software reflects customer-driven enhancements for scalability and speed

 

SUNNYVALE, CA – April 11, 2017

 

Falkonry, Inc. (http://falkonry.com), the leading provider of pattern-based artificial intelligence technology to improve operational performance announced today that it has released major enhancements to its market-leading SaaS product.

“Since our inception, we’ve seen strong adoption by Global 2000 industrial customers who see Falkonry as a means of achieving a step change in uptime, quality, and yield,” said Nikunj Mehta, CEO and Founder of Falkonry. “Falkonry’s new release brings users improved usability, ease of integration, and increased throughput leading to even greater asset utilization and operational performance. It enriches our core differentiation, using multivariate analysis within a simple time-based display, enabling SMEs to make quick, meaningful and impactful decisions.”

Falkonry provides double digit operational improvements to users in the hybrid and continuous process industries, including oil and gas, fine chemicals, metals, mining and minerals; power, semiconductor, and heavy industry. All industries share the need to increase asset performance, production throughput and quality. Falkonry bolsters these initiatives by adding pattern recognition to real-time data streams, using the knowledge of resident subject matter experts to add context to the analytics. The results can then be integrated back into the operations for process control and operations tuning.

“Operations teams don’t want time consuming data science projects, they are looking for products that allow them to do more with the data collection, storage and operations management systems they already use” said Greg Olsen, SVP of Products, Falkonry. “Our recent product update makes it extremely easy to add advanced pattern recognition to an existing operational data environment like OSIsoft PI. Process engineers, maintenance engineers, and other operations specialists are able to use our product directly to identify conditions of interest to incorporate that capability in their real-time monitoring applications.”

Falkonry has global customers in APAC and North America. Falkonry technology is offered via an annual subscription model and can be deployed in the cloud or on-premises. Users, such as equipment, manufacturing, and process engineers, can rapidly apply Falkonry to their own operations after minimal training. Falkonry customers typically receive measurable results within days and weeks, as opposed to months and years for conventional approaches.

About Falkonry, Inc.

Falkonry, a Silicon Valley company, helps the Global 2000 accelerate continuous improvement of production operations through streaming pattern recognition AI. Falkonry democratizes advanced machine learning, enabling process owners to discover, recognize, and continuously monitor patterns in time-series data, which reveal substantial opportunities to increase uptime, quality, yield, and efficiency. Falkonry software enables subject matter experts to create real-time insights from production time-series data. The company’s patent-pending software is a machine learning technology that updates and improves its pattern recognition capabilities resulting from new data and expert guidance. The Falkonry business model comprises engaged, global and diversified technology partners, including OSIsoft, SAP, Microsoft and Oracle. Falkonry is headquartered in Sunnyvale, California with offices in Mumbai, India. For more information about Falkonry, and its products and services, please visit http://falkonry.com/.

Falkonry Press Contact:

Media Relations
[email protected]
+1 (408) 461-9286