QIO EARNS DESIGNATION IN GARTNER’S 2017 MANUFACTURING OPERATIONS REPORT
Farnborough, U.K., May 19, 2017 – QiO, a fast-growing global Industry 4.0 software company, today announced that it has been recognized in Gartner’s 2017 Cool Vendors in Manufacturing Operations report.
The report, written by Gartner’s VP of Research Simon Jacobson, profiled several vendors who are providing digital factory solutions. According to the report, “Supply chain leaders responsible for manufacturing operations seek profound innovation in how technology enables new approaches to digitalising and automating processes within factories and across the manufacturing network.”
“QIO’S COOLNESS IS A FACTOR OF BLENDING IOT ANALYTICS, EDGE COMPUTING AND A BROAD VIEW OF INCREASING TRANSPARENCY TO MODEL OPERATIONAL PERFORMANCE.” – Simon Jacobson, VP Research – Gartner
QiO was one of only three vendors Gartner identified “that combine advanced analytics, IoT and cloud computing. The combined offerings provide innovative and user-friendly approaches to improving process capabilities and making faster and better informed decisions/trade-offs across a decentralised set of stakeholders.”
According to the report, Gartner has found that “new applications, designed for non-IT savvy users to create their own applications, maintain content and data models, and apply various analytical techniques are emerging and will eventually challenge traditional approaches to manufacturing software.”
Gartner acknowledges QiO for its NAUTILIAN™ Platform and PARCS® artificial intelligence algorithm. Supply chain leaders who wish to move beyond static efficiency metrics can now model, predict, and simulate operational outcomes with PARCS.
NAUTILIAN is a cloud-native Platform as a Service (PaaS) built specifically for asset-intensive environments. Based on open source standards, the platform gives engineers the power to build their own Industry 4.0 applications and, thereby, deliver dramatically better business outcomes very rapidly.
- Create predictive models
- Optimize production sequences
- Easily combine offline and online data sources
- Pay-per-user asset pricing model
- Deployed in multi-tenant cloud environment or private, on-site edge cloud device
- Sample use cases: labor efficiency, multi-resource scheduling, life cycle costing
PARCS is analogous to a dynamic ‘FICO- score’ that provides a composite condition metric for industrial assets, such as plant machinery, based on the Performance, Availability, Capacity, Reliability and Serviceability of the asset.
- Assess/balance cost and service levels
- Mash up and analyze multiple data streams
- Develop algorithms that predict asset performance
“We feel honored to be acknowledged by Gartner as a cool vendor in manufacturing operations” said Baz Khuti, Co-Founder and CEO for QiO.
QiO’s clients include some of the world’s most respected and accomplished engineering firms including Rolls-Royce and Lloyd’s Register.
“QIO GIVES OUR CLIENTS AN OPEN PLATFORM TO LEVERAGE THE WEALTH OF DATA THEY COLLECT WHILE ENSURING THE OWNERSHIP THEY DEMAND. WITH QIO, WE CAN DEPLOY CLOUD-NATIVE APPLICATIONS, AT SPEED, FOR THE MARINE INDUSTRY THAT WERE PREVIOUSLY UNAVAILABLE.”
– Nial McCollam, Chief Technology Officer – Lloyd’s Register
“We believe Gartner’s recognition of QiO and the success our clients are having with our solutions validates the strategic direction to give engineers the power to build their own Industry 4.0 applications and, thereby, deliver dramatically better business outcomes very rapidly” said Mr. Khuti.
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