April 29, 2021
Siemens selects Tangent Works to democratize IoT data analytics for MindSphere
Siemens Digital Industries Software announces a partnership with Tangent Works to deliver simple-to-use artificial intelligence (AI) capabilities to get more value from IoT data.
- Siemens to adopt Tangent Works’ InstantML technology for MindSphere to leverage new artificial intelligence capabilities as the foundation for Industrial IoT solutions.
- Partnership to enable citizen data scientists to leverage the value of IoT data to generate new insights.
Partnership to deliver simple-to-use AI capabilities to get more value from IoT data
Siemens Digital Industries Software announces a partnership with Tangent Works to deliver simple-to-use artificial intelligence (AI) capabilities to get more value from IoT data. The new AI for Everybody solution integrates the power of Tangent Works InstantML technology into MindSphere®, the industrial IoT as a service solution from Siemens, to enable users to instantly leverage IoT data collected by MindSphere to generate new insights without the need for complex model training and management.
Many organizations still struggle to scale their digital transformation projects and leverage IoT data using advanced artificial intelligence (AI) and machine learning (ML) technologies. Machine learning offers tremendous opportunities for industrial applications. However, it often requires deep knowledge about advanced statistics and how it’s applied in industrial use cases, as well as the scarce and expensive resource of data science experts.
“We are witnessing massive investments into digital and AI as companies get ready for post Covid-19 operations. Already before the pandemic, our research showed that a shortage of digital talent, especially in IT and data science, was the biggest challenge for companies looking to realize IoT, Industry 4.0 and AI initiatives,” said Knud Lasse Lueth, CEO at IoT Analytics. “This challenge will only get worse in the coming years and most firms will simply not find the experts that can build the machine learning models and integrate them into everyday operations. Companies that cannot find or afford these highly specialized digital employees will turn to low-code software tools to empower non-technical employees, or ‘citizen developers’.”
InstantML as an embedded component in MindSphere
Using Tangent Works’ InstantML as an embedded component in MindSphere gives industrial users the ability to very quickly add AI capabilities to their MindSphere applications and solutions. With this approach, the IoT data stored in MindSphere can be instantly leveraged to generate actionable insights and prescriptive tools, enabling important industry use cases such as predictive maintenance, performance optimization, quality management and energy management.
“We always believed in the potential of our InstantML technology for industrial data,” said Henk De Metsenaere, co-founder of Tangent Works. “Now that Siemens, the true market leader in this space, has teamed up with Tangent Works this potential can be unlocked. The combination of Siemens’ MindSphere with Tangent Works’ InstantML technology will change the way industrial data will be used to the benefit of many of Siemens’ clients.”
“With the AI for Everybody solution, and with the integration of Tangent Works’ InstantML technology, customers and partners can now more quickly and easily extend the capabilities of MindSphere to better turn data into real and actionable insights and value,” said Raymond Kok, Senior Vice President of Cloud Application Solutions at Siemens Digital Industries Software. “With the ability to use AI/ML to generate hyper-automated predictive analytics, even citizen data scientists can leverage data and achieve immediate insights, at scale. This ultimately reduces complexity and puts the power of IoT data in the hands of the user.”
For further information on MindSphere, please see here.
Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet tomorrow. The Xcelerator portfolio helps companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities and levels of automation to drive innovation. For more information on Siemens Digital Industries Software products and services, visit www.sw.siemens.com or follow us on LinkedIn, Twitter, Facebook and Instagram. Siemens Digital Industries Software – Where today meets tomorrow.
Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 76,000 employees internationally.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Tangent Works was founded in 2014 by a team of data scientists and mathematicians who believe in the power of predictive modeling for optimizing operations and reducing costs, but found that the existing methods were far too complex and slow for broad adoption. Our mission is to democratize and de-mystify predictive modeling for forecasting and anomaly detection using our revolutionary, hyperautomated InstantML technology and make them accessible and productive for a broad range of business users and use cases. For more information go to www.tangent.works.
Note: A list of relevant Siemens trademarks can be found here. Other trademarks belong to their respective owners.