Uptake wins ‘New Energy Pioneer’ award

881

Industrial artificial intelligence leader, Uptake, was recently named a 2019 New Energy Pioneer by Bloomberg New Energy Finance (NEF). The award recognizes ground-breaking companies fueling the transition to a lower-carbon economy and bringing new ideas for business models, technologies, market structures, and commercial opportunities.

“I’m proud of the entire Uptake team and our commitment to our energy, transportation, and industrial customers who use our artificial intelligence platform and applications in the field everyday,” said Uptake CEO Brad Keywell. “Our goal is to delight customers with impactful outcomes, and each new customer offers further proof of our belief that AI and data science should power operational decisions in major industries. Our market leadership has been fortified by our independence from any singular OEM. Further, the impact of our delivered outcomes has been magnified through our ownership of the world’s most comprehensive dataset of equipment failure patterns. Through the Uptake lens, industry productivity looks even better.”

With the massive amount of data generated by industrial machines, companies are increasingly searching for simple ways to turn this data into action that improves their bottom line. Using artificial intelligence and data science, an intelligent industrial platform turns machine data into insights, predictions, and recommendations. With insights, people can improve all aspects of industrial performance, make better-informed decisions that affect both topline and bottom line financials, and help optimize the overall business.

The winners from more than 185 applicants were assessed against three criteria:

  • Potential to scale the opportunity and have global impact.
  • Level of innovation of the technology or business model and the novelty it brings to the market.
  • Momentum by showcasing substantive progress in the form of strong commercial partnerships, the distribution channels in place and sales growth.

Uptake’s APM software improves productivity and efficiency by leveraging artificial intelligence (AI) to create business value from operational data. Traditional asset management only covers routine maintenance tasks and fails to anticipate and adjust to the ways industry operates its business. Today’s asset-intensive environments require a new approach with industrial data science generating OEM-agnostic insights, predictions and recommendations for any asset.

More info: www.uptake.com/industry-solutions/energy