San Diego (PRWEB) May 14, 2014
Gartner, the world’s leading information technology research and advisory company, listed Mtell in its 'Gartner Cool Vendors in Oil and Gas, 2014, Rich McAvey and Leif Eriksen, April 25, 2014' report. The report highlights a few Cool Vendors that are bringing innovative capabilities to help oil and gas companies to succeed.
Mtell’s Machine Learning techniques predict machine failures in the oil and gas industry, which has broadened the technology reach for asset performance management (APM). Asset performance management projects have historically been expensive and time consuming, which limits use to enterprises where equipment failure causes catastrophic environmental and human safety issues. Mtell uses robust Machine Learning algorithms to detect equipment degradation far earlier than contemporary approaches, ensuring disasters in the oil and gas industries are prevented.
Interviews with Mtell customers indicate the simplicity of deployment and capability of the solution has quickly delivered benefits. The rewards come from substantial increases in equipment uptime, which provide greater plant output and lowered maintenance costs. For example, using Machine Learning on data captured from a rig historian, Mtell can accurately predicted early degradation of a drilling rig mud pump, avoiding a complete failure and rig shutdown.
Mtell currently serves oil and gas, pharmaceutical, mining, power and energy, and wastewater industries. However, Mtell’s growth in the oil and gas industry with Fortune 500 companies, along with a unique approach to the APM market, has helped separate Mtell from larger competitors. The growth has opened up more vertical market opportunities for the company.
“Mtell is honored to be recognized in Gartner’s prestigious list of Cool Vendors,” said Paul Rahilly, CEO of Mtell. “We would like to thank our end-users for sharing the valuable results Mtell brings to their asset performance goals, and look forward to continuing to heat up technology with our breakthrough asset health management solution for all manufacturing industries.”
Founded in 2006, Mtell is a privately held company providing software solutions for managing the health of industrial equipment. Making machines smart, Mtell plays an important role in developing the Industrial Internet. In addition to reducing risk to people safety and the environment, Mtell is a significant contributor to equipment performance and profitability. Solutions are deployed globally in the oil and gas, mining, pharmaceutical, and wastewater industries. For more information, visit us online at http://www.mtell.com.
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