Toumetis Partners with OSIsoft to Provide Advanced Machine Learning for a Smarter Industrial IoT

BOISE, Idaho, April 18, 2018 /PRNewswire-PRWeb/ -- Toumetis Inc., a leading provider of machine learning solutions for the Industrial Internet of Things (IIoT), today announced a Technology partnership with OSIsoft LLC, the company behind the popular PI System and a leader in operational intelligence, to provide advanced machine learning and cognitive computing solutions that deliver actionable intelligence to improve operational and equipment performance for industrial organizations.

The partnership enables organizations that use the OSIsoft® PI Systemtm to capitalize on the benefits of AI through Toumetis' advanced machine learning platform which identifies patterns from connected IoT data to predict asset maintenance and process anomalies.

"The use of advanced machine learning and cognitive computing technologies on operational data can dramatically improve margins and reduce operating costs by providing equipment and operational insight in complex production processes," said Mark Willnerd, founder and CEO for Toumetis. "We are excited to partner with OSIsoft to provide their customers with cutting-edge machine learning technology that allows them to harness the power of PI System data to transform their business operations."

Toumetis' Cascadencetm suite of products bridges the gap between traditional operational technologies and big data to deliver actionable intelligence that improves efficiency, quality and throughput. With Toumetis' machine learning solutions, PI System customers can:

• Rapidly transform massive IIoT data into profitable business outcomes
• Reduce the complexity of managing industrial assets and operations
• Accelerate the delivery of tangible performance improvement

Toumetis has also partnered with PA Consulting Group, a leading global management and technology consultancy based in London, UK to facilitate the delivery of its advanced machine learning solutions for PI System customers around the world, with initial focus on the oil and gas industry. Both companies are currently working with a large upstream oil and gas producer to deploy Cascadence to enable predictive maintenance and production optimization of a high-cost, high-consequence asset expected to result in significant financial benefits.

"The Toumetis solutions increase the value of PI System implementations with machine learning technology. The disruptive use of machine learning on production and operations data streams results in valuable insights our industrial clients can utilize to dramatically improve operation and financial performance metrics," said Bill McAleb, Head of Oil & Gas for PA Consulting Group. "With the Cascadence suite of products, PA Consulting is able to deliver significant financial improvements for our oil and gas clients which aligns with our goal of achieving exceptional results that have accretive, lasting impacts on business performance."

PA Consulting Group is a firm of more than 2,600 technologists, innovators, strategists, leaders and developers, specializing in management and IT consulting, technology and innovation. PA operates globally from offices across Europe and the Nordics, the United States, Mexico, and the Gulf.

"Many industrial organizations don't have the in-house data science expertise required to distill predictive insights from PI System data," said Brian Bostwick, Data Science Industry Principle at OSIsoft. "Toumetis' innovative machine learning solutions give our customers the ability to gain intelligence about their industrial assets and operations to reduce operating costs and improve bottom line financial performance."

Toumetis will be exhibiting at the upcoming OSIsoft PI World User Conference in San Francisco, CA and presenting a session titled 'Using OSIsoft Cloud Service to Fuel Cognitive Computing and Machine Learning' on Thursday, April 26.

About Toumetis
Toumetis is a leading provider of advanced machine learning solutions for a smarter Industrial Internet of Things (IIoT). Combined with our predictive analytics capabilities, the flexible Cascadencetm platform helps Fortune-1000 companies improve efficiency, quality and throughput by distributing highly efficient algorithms that enable asset performance data to be intelligently cascaded to stakeholders in secure, permission-based views. Working across North America and Europe, our team of industry-leading data scientists and developers bring more than 50 years of experience in predictive analytics and machine learning to take your IoT solution from concept to completion in weeks or months, not years. Learn more at http://www.toumetis.com.

About OSIsoft, LLC.
OSIsoft is dedicated to helping people transform their world through data. The PI System captures data from sensors, manufacturing equipment and other devices and turns it into rich, real-time to improve productivity, make critical decisions or develop new products. Over 1,000 leading utilities, 95 percent of the largest oil and gas companies and more than 65 percent of the Fortune 500 industrial companies rely on the PI System to get the most out of their businesses. Worldwide, the PI System manages over 1.6 billion data streams. To learn more, please visit http://www.osisoft.com.

About PA Consulting Group
We Make the Difference. An independent firm of over 2,600 people, we operate globally from offices across the Americas, Europe, the Nordics, the Gulf and Asia Pacific. We are experts in consumer and manufacturing, defense and security, energy and utilities, financial services, government, healthcare, life sciences, and transport, travel and logistics. Our deep industry knowledge together with skills in management consulting, technology and innovation allows us to challenge conventional thinking and deliver exceptional results that have a lasting impact on businesses, governments and communities worldwide. Our clients choose us because we don't just believe in making a difference. We believe in making the difference. http://www.paconsulting.com.

SOURCE Toumetis Inc.