Tag

process industries

Repost: Deloitte University Press: Industrialized Analytics

By | IT/OT Management

This post from Deloitte University, first published in February of 2016, discusses ‘data as the new oil.’ It’s a great article that underscores the significance that data can contribute to an organization’s agility and ultimately, competitive position in the market.  It also, as they state, is the foundation to the digital transformation that industry is now undergoing.

Think back just a few years if you are in manufacturing.  The #cloud, #Internet of Things, even #virtualization were far-off concepts that had little to no relevance in your world. Your goals–keeping your operations running efficiently, avoiding downtime and unexpected conditions–were paramount to your GMP (good manufacturing practices) and digitization mostly meant taking real-time process data from a DCS (Distributed Control System) or PLC (Programmable Logic Controller) and using it with a data historian for process control.  The influx of applications such as enterprise manufacturing intelligence, dashboards, and other ‘big data’ systems brought a step change to the way you understood your operations, and the cause/effect of events.   Being able to now isolate, or predict, events was huge, and data (and the effective use of it) was the reason for this efficiency.

Now, another step change is occurring. Advanced techniques such as Artificial Intelligence, Machine Learning and Pattern Recognition offer insights into behavior of the assets, people and processes.  Data becomes not only oil, it’s gold.  It’s the key to your understanding and efficiency.

Falkonry is one of those applications riding the data wave; a window into your process behavior using your resident subject matter experts, along with the data, to provide context and relevancy to that data.   See more about Falkonry pattern recognition here.

 

 

What Does Falkonry’s $5.3M in Equity Funding Mean for Industry? What do Zetta Venture Partners and Polaris Partners see in Falkonry??

By | Uncategorized

Falkonry discovers, recognizes, and predicts operating and performance conditions from time series data, using machine learning/pattern recognition. From its inception, Falkonry has had a single purpose: to make industrial operations  more productive. Falkonry achieves this by applying  advanced signal processing techniques to:

  • Gain yield/OEE improvements not possible without advanced pattern recognition
  • Create a whole new ‘view’ of process and asset operations through patterns in operational data
  • Put advanced pattern recognition technology into the hands of process and industrial engineers — those who know and understand the operation of their assets and processes.

Investors Zetta and Polaris recognize the ground-breaking shift in yield outcomes enabled by Falkonry’s advanced pattern recognition technology. Their backing, and the backing of Falkonry’s partners and customers, signal the transition of Falkonry’s innovations from a nascent technology to a truly industry-impacting software offering.

 

pattern recognition

Falkonry Pattern Recognition

 

Falkonry advanced pattern recognition technology delivers an intuitive UI designed for process and industrial engineers — the company domain experts; no data engineering or scientists are needed. It allows companies that generate massive amounts of data, such as those in the process industries (oil and gas; metals, mining and minerals; pulp and paper) to detect, recognize, and monitor patterns of operation that are only “visible” across complex, multi-variable, time-series data. Recognizing patterns of asset and process operation illuminates areas across  assets and processes that for OEE and yield improvement; where bottlenecks and choke points reside; and where in the process flow tuning can be applied.  Falkonry’s customers report gains in process visibility; uptime; and process throughput.

For more information on Falkonry, please visit www.falkonry.com.