Prescriptive Analytics on SAP HANA Delivers Asset Insight to Enhance Operational Decisions
SAN DIEGO, Calif. (June 04, 2015) – Mtell, a leading worldwide provider of packaged predictive and prescriptive analytics software applications, announced today that Mtell Summit 1.0 has achieved SAP certification as powered by the SAP HANA® platform. The SAP® Integration and Certification Center (SAP ICC) certified that Mtell Summit 1.0 is proven to run on SAP HANA, a process facilitated by the SAP Co-Innovation Lab in Palo Alto, Calif.
Solutions that are powered by the SAP HANA platform have proven to run on SAP HANA and tap into the distinctive capabilities of SAP HANA. Mtell Summit 1.0 running on SAP HANA makes use of advanced capabilities such as optimization and mathematical models to reveal recommended actions to improve machine operation or product production. Prescriptive analytics takes uncertainty into account and recommends the best way to mitigate risks in asset operations.
Mtell Summit is a machine-to-machine prescriptive analytics solution supporting the industrial Internet of Things, running on SAP HANA Cloud Platform. With Mtell Summit, companies can unlock value using big data from assets to solve issues that were previously undetectable and unsolvable. Mtell Summit on SAP HANA rapidly and easily correlates data gathered from distributed sensors with asset data in SAP software to deliver early and accurate warnings of performance-related issues. Such insights support the right, early-stage action on equipment and manufacturing processes to increase operational availability and reduce large maintenance and service costs.
Running on SAP HANA, Mtell Summit provides data collection and aggregation from multiple sources delivering massive amounts of data into an immense in-memory database capable of extreme performance. This combination enables faster, more accurate machine learning, with results that are shared across fleets and pools of equipment. This becomes increasingly important in asset-intensive industries where knowledge captured at one site is shared between similar machines at diverse locations.
“Consistent with SAP’s ‘run simple’ principle, certification on the SAP HANA platform allows Mtell to offer many more companies simpler ways to implement predictive analytics without needing data science experts,” said Alex Bates, CTO of Mtell. “SAP HANA delivers faster execution and handles enormous data sets, and, along with Summit’s automation of monitoring and analysis, helps personnel solve issues quickly with software agents that learn and self-adapt over time.”
Founded in 2006, Mtell is a privately held company providing software solutions for managing the health of industrial equipment. Making machines smart, Mtell plays an important role in developing the Internet of Things. In addition to reducing risk to people safety, and the environment, Mtell is a significant contributor to equipment performance and profitability. Solutions are deployed globally in the oil and gas, mining, pharmaceutical, transportation and wastewater industries. For more information, visit www.mtell.com.
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