B&B Electronics has formed a partnership with SeeControl aimed at developing predictive monitoring solutions for industrial Internet of Things (IoT) applications.
The network connectivity specialist said the partnership represented the first of several announcements it was due to make regarding strategic relationships with clod-based data analytics companies.
It said its goal is to help customers gain “actionable intelligence” – and ultimately improve operational efficiency and financial performance – from the raw machine data that can be gathered from monitored equipment across multiple sites.
The services B&B (Ottawa, Canada) plans to develop with SeeControl (Redwood City, CA, USA) will also help customers take advantage of new revenue opportunities, it said in its statement.
B&B and SeeControl are to collaborate on “data analytics” challenges in North America, EMEA, the Far East and Latin America – through joint selling, referrals and consulting.
Big data and analytics have been attracting more attention from M2M players trying to boost the value of their offerings – and emerged as a major theme of the recent M2M World Congress hosted in London.
However, B&B noted that most of the data generated by current monitoring systems holds little value for analytics, and that it would work alongside SeeControl to unlock insights.
For instance, it says its Spectre series routers could be programmed to extract, process and transmit data relevant to a particular customer’s case.
SeeControl’s M2M SaaS-based remote-monitoring platform would then be able to analyze meaningful data and create data sets that spot trends, identify problems and make predictions – allowing customer to take proactive steps to cut costs or increase revenues.
Those steps could include scheduling maintenance when data suggests it is needed, instead of regularly deploying field technicians for routine inspections, or teaching an irrigation system to release water only when needed – based on soil conditions.
B&B and SeeControl have already partnered on a SCADA remote tank monitoring system for a well owners co-op in Pinal County, Arizona, and claim this has helped to prevent system failures by measuring and aggregating pump current.
“When you can aggregate data from multiple generations of technology, move it all up to the cloud, and analyze it using various third party inputs like SeeControl does, you’re presented with an opportunity to use your data in unprecedented ways,” said Bill Conley, M2M systems development engineering manager at B&B Electronics. “The real magic is happening up in the cloud and in the analytics.”