REDWOOD CITY, Calif.--(BUSINESS WIRE)--DataRPM™, the award-winning pioneer of Cognitive Predictive Maintenance (CPdM) Platform for the Industrial IoT, is pleased to announce the appointment of Luke Helms to its Advisory Board. In his extensive distinguished career, Mr. Helms has lead multiple executive positions such as Vice-Chairman of Bank of America, Chairman of Lifelock, Vice Chairman of KeyBank, and Chairman & CEO of SeaFirst Bank. He currently is a Member of the Board of Directors of both global insurance giant Manulife, which includes John Hancock in the US, and ABM Industries, one of the largest facilities managers in the world and active across many industries.
Mr. Helms’ appointment expands the Board of Advisory to nine senior industry influencers active in the Industrial IoT and Data Science space, including visionary leaders from Google, Oracle, Hortonworks, Cloudera, EMC, Brocade, Western Digital and Booz Allen Hamilton.
“Luke’s 31 years of broad experience in leading global industrial conglomerates, financial powerhouses and hyper-growth startups will add a unique broad-spectrum perspective to our advisory board,” explained Sundeep Sanghavi, Co-founder and CEO, DataRPM. “IoT has impacted almost every facet of human life ranging from real-estate, including commercial buildings and facilities, to new underwriting and risk models for car, commercial and other insurance, based on massive new stores of IOT data available from smart-enabled end-points. Financial, Insurance and Real Estate groups have been struggling for decades to realize the potential benefits of smart buildings in maintenance, spatial management and energy savings. Through the power of Cognitive Predictive Maintenance, companies are realizing industry-leading results, where a straight-forward 1% increase in machine lifetime and efficiency, for example, can translate to billions of dollars of savings for a major corporation in over just a few years.”
“I am truly excited to rejoin forces with Seth Page again and work with DataRPM’s executive team in this exciting phase of scaling up the business with large international industrial clients to solve the real-world problems of Predictive Maintenance at scale,” said Mr. Helms. “The digital ecosystem of devices and sensors from HVAC, Water, Energy Management, Access Control, Security, Intrusion Detection Systems, ATM Machines, and end devices, is ever-growing and generating massive Big Data lakes in the process. Diving into the ever-changing waters is no longer an option, but rather a requirement, if one wishes to retain or regain their competitive advantage against other major incumbents and disruptive newcomers in the marketplace. DataRPM with its unique automated approach to Predictive Maintenance is leading the industry by empowering enterprises with under-the-hood insights in telematics, warranty claims, and risk management for real estate, facilities, financial and insurance corporations to offer highly-personalized offerings,” further explained Mr. Helms.
DataRPM’s award-winning Cognitive Predictive Maintenance Platform automates Data Science for the Industrial IoT by using Meta-Learning, which is the new frontier for the next major evolution in Machine Learning. DataRPM’s patent-pending technologies help asset-based industries predict & prevent asset failures, minimize maintenance costs, optimize inventory & resource utilization, predict & prevent quality issues in production, forecast & minimize warranty claims, and reduce risks in the most rapid manner with high accuracy and while delivering multiple significant annual cost savings to companies’ bottom lines. Since the launch of the platform, the company has already identified hundreds of millions of dollars in top line and bottom line impact opportunities. The company is headquartered in Redwood City, California with offices in US, UK, and India. Customers include industry leaders like Jaguar Land Rover, GE, Cisco, Orange, & fortune 1000 global industrial companies.