“The dramatic growth in IoT deployments means that the need for predictive models to be available at the edge is only going to gain in importance over time. We already lead the market in IoT-based edge analytics and will stretch that lead during 2016"
Aliso Viejo, CA (PRWEB) February 11, 2016
Predixion Software, a developer of cloud- and edge-based advanced analytics software for the Internet of Things (IoT), today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2016 Magic Quadrant for Advanced Analytics Platforms.
When examining the potential impact of advanced analytics, Gartner predicts that “by 2018, more than half of large organizations globally will compete using advanced analytics and proprietary algorithms, causing the disruption of entire industries.” In addition, Gartner believes that “by 2020, predictive and prescriptive analytics will attract 40% of enterprises' net new investment in business intelligence and analytics.”
“The dramatic growth in IoT deployments means that the need for predictive models to be available at the edge is only going to gain in importance over time. We already lead the market in IoT-based edge analytics and will further stretch that lead during 2016,” said Simon Arkell, founding CEO of Predixion Software. “We consider our positioning in the Visionaries quadrant by Gartner to confirm the significance of our drive to push predictive analytics out into the field and better enable access to the power of real-time visual analytics at the point of action in markets such as healthcare, manufacturing, energy, and transportation.”
Predixion’s advanced analytics software is uniquely suited for IoT implementations due to its patent-pending Predixion IQ™ technology which harnesses the power of Predixion’s edge containers to solve expensive problems in the IoT. This power provides “predict anywhere” flexibility – the ability for advanced analytic packages to be embedded directly into a variety of production environments, including applications, databases, analytic engines, gateways and connected or disconnected devices. Unlike traditional analytics tools, which struggle with the speed and volume of data generated by the IoT, Predixion’s technology blends “data in motion” with “data at rest” to create and deploy advanced analytics into production environments and devices, for truly compelling insights.
About the Report
Gartner, Magic Quadrant for Advanced Analytics Platforms, Lisa Kart, Gareth Herschel, Alexander Linden, Jim Hare, 09 February 2016. Magic Quadrant report available for viewing at http://www.gartner.com/reprints/predixion-vol-2?id=1-2YEBCRG&ct=160210&st=sb
About Predixion Software
Predixion was founded on the belief that analytics has the power to create a smarter, safer and healthier world – and that access to that power should not be limited. To achieve this vision, Predixion developed Predixion IQ™, a cloud- and edge-based analytics platform that provides real-time, advanced analytics on devices, gateways and routers at the edge of the network. More than 200 companies worldwide rely on Predixion to make better decisions every day. For more information visit http://www.predixionsoftware.com.
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