Distence Oy, press release, 17 June 2018
Espoo, 12 June 2018 – This cooperation allows industrial manufacturers to effortlessly take their supply chains into the era of AI and the platform economy. Industrial manufacturers can use the data capture and utilization methods provided by this partnership across their supply chains.
Distence and Houston Analytics believe the industrial IoT is moving from hype to action. Distence helps industrial manufacturers to digitalize their products. Houston Analytics is a forerunner in business intelligence and predictive models with years of in-depth experience in IoT solutions. The company’s impressive list of references includes projects such as predictive maintenance models for Valmet’s paper machines and an analytics centre that serves the kitchen processes of Fredman Group.
“This year, we have noticed a significant change on the market: instead of attending seminars and holding discussions, people are looking for concrete application options. This is also reflected in the number of new customers and the interest towards implementing these applications in different fields,” says Kim Korhonen from Distence. “The Nordic countries have notable expertise in this area. Uniting our forces gives us and the industrial manufacturers we serve better opportunities to succeed in the new digitalized world.”
“We learned long ago that artificial intelligence, predictive analytics and optimization work the best with large volumes of data that would be extremely wearisome, time-consuming and boring to process manually. Now companies can benefit from the combination of Distence’s terminals and our cloud-based analytics services in their transition to the era of the digital IoT. There is a clear niche for this kind of a comprehensive service,” says Antti Syväniemi from Houston Analytics.
Competitive advantage and new opportunities on the global market
Using Distence’s technology to digitalize their products and combining self-learning tools with the data produced by devices makes industrial manufacturers ready to face the digital transformation of their industry. The unique feature of the cooperation between Distence and Houston Analytics is their multilayer approach to the processing of data collected by sensors. This enables more efficient and faster data management compared to traditional, centralized methods.
Distence’s terminals offer “edge computing”, which is a contemporary way of processing data on the edge of the cloud. After the edge computing layer, the data can be re-analyzed with the help of learning algorithms and likelihoods. This enables creating new practices, creating added value and finding new business opportunities. The newly generated data can also be returned to the device to improve operation at different points of its life cycle, which will have a positive effect on overall life cycle costs.
Meeting megatrends together
Digitalization means major challenges and opportunities for established industries, and the demand for new kinds of expertise challenges traditional operators. For industrial manufacturers, digitalization is an opportunity to become more customer-oriented and create added value in their internal value chains. More information about this fascinating challenge can be found, for example, in the aptly-written article by McKinsey: “Industrial aftermarket services: Growing the core”.
In Finland, operators such as Tekes and the Ministry of Employment and the Economy have launched initiatives around the utilization of these opportunities, including the “AI era” project. Finnish expertise in this area is an enabler, and networking and open innovations are at its core.
For further information, please contact:
Antti Syväniemi, CEO
+358 50 387 5971
Kim Korhonen, CEO
+358 40 549 3022
Houston Analytics applies Artificial Intelligence, machine learning and advanced analytics to enable effective decision making. Houston’s solutions allow organizations to leverage their data assets, injecting intelligence into key decisions and driving improved outcomes, previously unobtainable savings and higher returns across all areas of business. Solutions are provided as cloud-hosted services, and they cover a wide range of industries and business imperatives.
Distence is a Finnish company that specializes in intelligent IoT technology.
We provide our customers with an end-to-end solution for digitalizing industrial machines and equipment and integrating them into the company’s business processes. Our technologies and solutions help our customers to build intelligent services and create new business. Our customers include both OEMs and retrofitting companies. We specialize in demanding industrial environments.
Our goal is to provide our customers with a higher rate of return on capital and to add tools to the Operational Excellence Toolbox through digitalization. For 15 years, we have been delivering solutions to leading industrial companies in over 40 countries, making thousands of machines intelligent in different fields.www.distence.fi