RESTON, Va.--(BUSINESS WIRE)--Software AG (Frankfurt TecDAX: SOW) and Mosaic's data science services today announced the availability of a comprehensive, custom-tailored Internet of Things (IoT) Predictive Maintenance solution.
Software AG's award-winning Apama Streaming Analytics platform and webMethods Operational Intelligence platform, along with Mosaic’s decade of experience developing and implementing enterprise-scale analytical models, integrate to offer predictive maintenance solutions.
Maintenance is typically done on a set schedule or, in the worst case, after a failure has already occurred. However, unscheduled maintenance and downtime translates to higher maintenance costs and increased customer dissatisfaction. Fortunately, as the cost of sensors decreased, their use increased, leading to a profusion of real-time data. With the help of real-time connectivity and analytics, users are now able to collect, analyze and react to information and perform maintenance at the right time and place. Ultimately, by identifying failures before they happen, maintenance costs are dramatically reduced.
Benefits of Predictive Maintenance Analytics include:
- Connectivity, speed and scale: Handle large volumes of data for improved system performance and turn big data into an opportunity to generate more revenue, improve customer service and differentiate product offerings.
- Flexibility: Interact with service providers and receive process data in real-time to quickly respond to changing business and customer needs.
- Combined streaming and process analytics: Correlate, aggregate and detect patterns across large volumes of fast-moving data from multiple sources, including advanced prediction engines, to take the right action at the right time.
- Efficiency: Provide greater insight so field service technicians arrive when there is a problem and come prepared to fix the problem the same day.
Chris Brinton, President and CEO, Mosaic, said: “We are honored to have been selected as Software AG’s first and preferred data-science services partner. At Mosaic, we excel in making advanced scientific techniques that actually work in practice, even when it comes to modeling the effects of uncertainties. This experience has helped us to collaborate with Software AG to create a solution that really works.”
John Bates, Global Head of Industry Solutions and CMO, Software AG noted: “Through our partnership with Mosaic, we are able to provide the agility and insight that allows manufacturers to capitalize on a new revenue stream, while at the same time ensuring a higher quality of service. We are excited to offer our customers a comprehensive, custom-tailored suite that combines Internet of Things, streaming analytics and process analytics into one integrated solution.”
Software AG and Mosaic have also partnered together to create solutions for other verticals, including face recognition and location analytics for the retail industry.
About Software AG
Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 14 market categories, fueled by core product families Adabas-Natural, ARIS, Alfabet, Apama, Terracotta and webMethods. Software AG has more than 4,400 employees in 70 countries and had revenues of €858 million in 2014. Learn more at www.softwareag.com
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About Mosaic Data Science
Mosaic has a decade of data science consulting experience and are experts at modeling the effects of uncertainties such as weather, market fluctuations, and human decisions on large-scale business processes, especially those having geospatial or network-flow characteristics. The company has developed proprietary tools to help build highly realistic fast-time simulations to support effective modeling, verification, and validation. It’s headquartered in the Greater Washington Area and partners include Software AG, Boeing, Lockheed Martin, NASA and MIT. To learn more, visit: www.mosaicdatascience.com.