Self-service industrial analytics software acclaimed as innovative solution built to meet customer needs and support digital transformation in the process industry.
Hasselt, Belgium – May 24, 2017 – TrendMiner has been named as the winner of the Frost & Sullivan Entrepreneurial Company of the Year Award 2017 for its visionary leadership and focus on innovation in the European predictive analytics market.
Bert Baeck, CEO and Founder of TrendMiner, said: “We are extremely pleased to be named as the winner of the Frost & Sullivan Best Practices Award. Since the beginning, our goal has been to deliver innovative software that helps the people in our industry. We’ve done that by providing a product that is made by engineers and made for engineers. The response from the market has been incredible – last year the company achieved 250% growth.”
“This award by Frost & Sullivan will help make even more people aware that there is an analytics solution that can give them immediate results: it’s called TrendMiner.”
Next generation industrial analytics
TrendMiner’s self-service predictive analytics solution provides subject matter experts with actionable insight into their production processes. The TrendMiner offering eliminates the high costs, long implementation times and need for data modelling that is typically associated with advanced analytics. Instead, the software leverages existing historical process data through pattern recognition and advanced algorithms to deliver data-based predictions and visualizations directly after deployment.
Frost & Sullivan analysis of TrendMiner
“Most of TrendMiner’s tools focus on enhancing data availability to the subject matter expert, rather than the data scientist,” said Frost & Sullivan Senior Research Analyst, Sharmila Annaswamy. “Furthermore, TrendMiner eliminates the need to model the processes because its self-service analytics platform enables the subject matter experts to directly analyze, monitor, and predict process and asset performance.”
“TrendMiner aids a best-in-class 40% improvement in plant resource efficiency through its process and asset data analytics capabilities.”
“It is one of the few market participants to offer fast diagnostics that are not Excel-based and, importantly, its patent-pending pattern recognition software for predictive situations delivers optimal price-performance value.”
Frost & Sullivan Best Practices Awards
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
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Find out exactly what makes TrendMiner so innovative, why Frost & Sullivan calls it a disruptive analytics solution, and why the company was selected as the winning Entrepreneurial Company of the Year 2017.