Free press releases distribution network?

Agency / Source: Caterpillar, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Caterpillar and Uptake to Create Analytics Solutions - Caterpillar, Inc. today announced it has entered into a technology and predictive analytics agreement with Uptake - Caterpillar.com / Uptake.com
Caterpillar and Uptake to Create Analytics Solutions

 

PRZOOM - /newswire/ - Peoria, IL, United States, 2015/03/05 - Caterpillar, Inc. today announced it has entered into a technology and predictive analytics agreement with Uptake - Caterpillar.com / Uptake.com. NYSE: CAT

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery/Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

To help customers around the world better understand the health of their equipment and optimize machine availability, Caterpillar, Inc. today announced it has entered into a technology and predictive analytics agreement with Uptake, provider of a dynamic analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a minority investment in Uptake and will jointly develop an end-to-end platform for predictive diagnostics to help Caterpillar customers monitor and optimize their fleets more effectively. The new technology will be available for both Cat® products and non-Cat branded products.

“Customers use our current technology for fleet monitoring and to track fuel efficiency, idle times, location and more,” said Doug Oberhelman, Chairman and CEO of Caterpillar. “Our existing solutions are effective, but it’s time we take it to the next level. This relationship will combine Caterpillar’s world-class product engineering and design expertise with Uptake’s software, application and data analytics expertise. As a result, we’ll be able to transform the quintillion bytes of incoming data we see every day into useful information we feed back to our customers for on-the-spot decisions and planning purposes to further reduce owning and operating costs.”

Oberhelman continued,“Through this agreement, we’ll build a platform to bring the next generation of our technology services and products to market sooner, and will act as a springboard for years of development after that. We want to empower our customers with the insight necessary to shift from a reactive “repair after failure” mode to a proactive “repair before failure” stance. The end result will be more efficient operations and increased fleet availability for our customers. And the more our customers’ machines and engines stay running, the more money they make."

Since 2014, Uptake has been developing locomotive-related predictive diagnostics and fleet optimization solutions for Electro-Motive Diesel (EMD), a subsidiary of Caterpillar. The early successes of the locomotive project led Caterpillar to expand its relationship with Uptake into other industries Caterpillar serves. As Uptake’s exclusive partner in various industries, Caterpillar can leverage its data and operational insights with Uptake’s technology and data science platform to provide unparalleled solutions for customers in each of those industries.

“We are at a unique time in history analytics are enabling insights that are changing the way entire industries work. Uptake is at the front of this evolution,” said Brad Keywell, Co-Founder and CEO of Uptake. “Our platform takes massive data provided by sensors, combines it with data science to understand signals and patterns and deploys insights in real time that save money, optimize performance and prevent unplanned downtime. Our partnership with Caterpillar has resulted in a cross-industry platform that is informed by the best data and the best operational insights.”

Caterpillar selected Uptake as its partner based on the capabilities the company witnessed following the agreement with EMD. Uptake’s location in Chicago, which is near Caterpillar’s headquarters in Central Illinois and the company’s largest concentration of U.S. engineers and factories, was also a key factor.

“We’re excited about an optimal platform that will not only increase the value of the information our customers and dealers already receive, but also help them maintain a competitive advantage,” Oberhelman added. “What we’re really talking about is graduating to even smarter, more connected products. We’re working on getting ahead of the curve, because with our knowledge and expertise, there is no one better than Caterpillar to provide the platform and tools necessary to help our customers achieve new levels of equipment availability, productivity and profitability.”

In the coming months, Caterpillar will collaborate with Uptake and the Cat dealer network to roll out the latest predictive analytics and insights through web-based and mobile tools for customers.

About Caterpillar

For 90 years, Caterpillar, Inc. (caterpillar.com) has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2014 sales and revenues of $55.184 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Resource Industries, Construction Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment.

About Uptake

Uptake (uptake.com), a predictive analytics company, empowers global companies to optimize performance and reduce failure of assets. Leveraging unique partnerships, Uptake integrates cross-industry expertise, data science, and workflow connectivity to build high-value solutions based on massive data sets. The result is a platform that identifies problems before they happen and delivers refined insights to drive unparalleled efficiency and productivity.

Uptake contact: Bailey Wells, Global Communications
Mobile: 216-409-2739 - E: bailey.wells[.]uptake.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery/Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Caterpillar, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Heavy Machinery/Handling Solutions articles,
CATCH Visitors via Your Competitors Announcements!


Caterpillar and Uptake to Create Analytics Solutions

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Caterpillar, Inc. | Uptake
Contact: Barbara Cox - Global Gov. & Corporate Affairs 
309-494-4607 / 256-202-2516 (mob) Cox_Barbara_I[.]cat.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Caterpillar, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Heavy Machinery/Handling Solutions via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Caterpillar, Inc. / Company Profile


Read Heavy Machinery/Handling Solutions Most Recent Related Press Releases:

ANDRITZ to Supply Two Spunlace Lines to Fujian NanFang Textile Co., Ltd, Including the First TT Cards Sold in China
ANDRITZ SEPARATION Launches New Decanter Generation
ANDRITZ and TeamTec Sign Cooperation Agreement for Worldwide Marketing of the SeaSOx Exhaust Gas Cleaning System for the Maritime Industry
ANDRITZ MeWa Launches Successful Collaboration with New Trading Partner in France
Gomà-Camps Boosts Tissue Production Capacity with Voith Technology
ANDRITZ to Upgrade Bleaching System for Cartulinas CMPC in Maule, Chile
Caterpillar to Participate in the Baird 2016 Industrial Conference on November 10
Metso Receives Comprehensive Valve Order for New Kilpilahti Power Plant in Porvoo
Oak Cliff Recycling Chooses Metso N Series Inclined Shear to Speed-up Production
OBSYS Becomes FlexLink Software Engineering

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  NAKIVO, Inc.

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today