Launches IoT analytics based on proven IP to transform sensor data streams into ROI streams; pushes slow-moving IoT projects to the fast lane
Teradata has announced four powerful software-and-service solutions that speed up the transformation of Internet of Things data to actionable insight. According to the release, Teradata “Analytics of Things Accelerators” (AoTAs) are derived from field engagements at the world’s largest, most innovative IoT companies in manufacturing, transportation, mining, energy and utilities. The solutions comprise of technology-agnostic intellectual property (IP) 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.
Teradata AoTAs 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 “brute force” one-off projects to enterprise-class solutions scaling across thousands of complex devices and countless assets that result in continuous positive business impact.
Specifically, the Teradata AoTAs consist of a Condition-Based Maintenance Accelerator, a Manufacturing Performance Optimization Accelerator and a Sensor Data Qualification Accelerator. Additionally, Teradata offers a Visual Anomaly Prospector Accelerator, which mines large amounts of multidimensional time series (MTS) data, and visually helps an end user discover anomaly patterns that frequently precede a key event.
Sunil Jose, Managing Director, Teradata India said, “IoT across both the enterprise and consumer segment is expected to grow exponentially over the next decade. According to industry sources, 75 percent of businesses in India in the utilities, telecom, transportation and oil/gas industry are tapping or have plans to implement Internet of Things. These are likely to be in segments as diverse as security and surveillance, supply chain management, inventory and warehouse management and customer order monitoring among others. We therefore foresee India adding significant value to the overall IoT market in the near future and Teradata’s ‘Analytics of Things Accelerators’ can enable companies to incur insights faster and more efficiently from their IoT deployments.”
The study revealed highest levels of deployment and planned deployment among businesses in the utilities and telecom, chemicals and oil/gas, as well as transportation. Common deployments of IoT involved security and surveillance, supply chain management, inventory and warehouse management, and customer order monitoring.
Forecasts project 21 billion connected “things” in the digital universe by 2020. With data volumes generated by the IoT already dwarfing data waves from social media, information leaders must begin now to identify the requirements necessary to support adoption and implementation of IoT capabilities. Along with establishing requirements, they must also develop strategies, processes and execution plans to ensure that data is optimized to deliver compelling ROI.
Oliver Ratzesberger, Executive Vice President and Chief Product Officer, Teradata said, “Teradata AoTAs are already addressing and resolving $100 million-dollar problems for premier producers of vehicles, equipment, oil and gas systems, and consumer goods. These challenges represent billion-dollar budgets for each company, to be clear on the scale of business value addressed by AoTA. For example, our AoTAs have increased Overall Equipment Effectiveness as much as 85 percent, while also improving predictability and asset availability. We are seeing a lot of excitement around our Accelerators, because the return on investment is transformational in scope and compelling in business impact.”
Teradata “Analytics of Things Accelerators” are available immediately, the release said.
