Press Blogs

Element Continues to Grow and Hires New Leaders from Oracle and GE Digital

I’m gratified to lead a startup providing an impactful software solution to industrial companies. I’m even more gratified when that solution gets noticed and oure company gains momentum.

The most recent evidence of Element’s momentum -- scaling to reach more companies with our solution --  is the hiring of our first EVP Sales. The indicators of our ramp can be found beyond that, however.

The news: we’ve hired Stephen Walsh as our first Executive Vice President of Sales.

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Leading Analyst Firm Weighs In On Industrial IoT (and that’s a good thing)

If you’re reading this, you know that one of the industrial sector’s current Holy Grails is data analysis. Industrial IoT generates huge amounts of operations data and so, the thinking goes, companies should move quickly to analyze that data. This, in turn, should pave the way to enhanced operational efficiency, smarter use of equipment, smaller environmental impacts, better worker safety and, of course, higher profits. Simple, right? Amazon, Google and Facebook profit mightily from sophisticated data analysis – so why not oil and gas, manufacturing and utility companies?

But if you’re reading this, you also know that processing, managing and integrating data from sensors, engineering systems, and transactional systems is really hard. The job generally requires deploying a battalion of people armed with spreadsheets. In the current era of algorithms and automation, managing industrial data is embarrassingly last-century.

Knowing this, it’s fair to ask if reality will ever catch up to the hype of industrial data analysis. Specifically, will a method emerge to efficiently manage and integrate industrial data so that sophisticated analytics can be performed?

We feel that Gartner, the world’s leading IT analyst firm, is increasingly focused on this question. We think that fact alone should tell you that something is up.

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