Press Release

Element Analytics named IDC Innovator for Analytics Applications for Manufacturers

San Francisco, CA, August 1, 2017 – Element Analytics, Inc., an industrial software company focused on helping industrial companies navigate their digital transformation, today announced it was named an “IDC Innovator” in the “IDC Innovators: Analytic Applications for Manufacturing, July 2017” report (Doc #US42382717). The technologies included are a combination of Big Data analytics, IoT or edge analytics, machine learning and artificial intelligence, and cloud computing.

“Element Analytics was selected as one of five IDC Innovators providing analytics applications for manufacturers.  They were selected for their ability to analyze and integrate industrial time series data with other data sources to develop digital twins of industrial assets,” said Kimberly Knickle, Vice President IDC Manufacturing Insights.

Analytics is a key component for manufacturers to increase profitability and reduce risk in their operations.  However, operators are having a hard time getting their data connected to conventional analytical products, leaving them to perform analytics only on the supply-chain or retail side of the business. Element’s solution is to put the power of digital transformation into the hands of engineers and operators in the business.  Their ability to easily organize industrial data into digital twins--dynamic digital representations of physical equipment and assets--has allowed manufacturers to identify causes to frequently occurring issues, improve throughput, and reduce reliability costs.

“We are honored and humbled to be recognized as an IDC Innovator for analytic applications for manufacturers,” said Andy Bane, Chief Executive Officer at Element Analytics.   “Every industrial company desires to improve asset utilization, lower O&M costs and reduce health, safety and environmental incidents.  Our focus at Element is to help customers achieve these objectives through data driven, machine learning, observation-based empirical analysis, all of which becomes possible through the Digital Twin.”



About IDC Innovators Research

IDC Innovators reports present a set of vendors – under $100M in revenue at time of selection -- chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report.  Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor’s company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.

About Element Analytics

Based in San Francisco, CA, Element Analytics is an industrial analytics software company that makes data work for people, proactively surfacing insight where it’s needed most.  The Element Digital Twin System rapidly transforms operational data into actionable insight, helping industrial organizations make the best-informed decisions for greater efficiency, sustainability, and profit. For more information, visit www.elementanalytics.com.  Follow Element Analytics on Twitter and on LinkedIn.

Media Contact:
Sheena@ElementAnalytics.com