Pentaho has had a busy week — the firm has had its first week out in full public scrutiny as the new Pentaho, a Hitachi Data Systems company and staged its second annual PentahoWorld customer, partner, user & developer event.
As part of the shenanigans, Pentaho announced that customers including Halliburton Landmark, IMS and KDS are using its platform to “reimagine established industries” (as the PR spin doctors would say) to blend, integrate and orchestrate machine-generated big data and deliver for analytics embedded at the point of impact.
“Big data and the Internet of Things are disrupting entire markets, with machine data merging the virtual world with the physical world. We’ve really only just scratched the surface of how IoT will reshape sectors of the economy,” said Quentin Gallivan, CEO of Pentaho.
According to McKinsey Global Institute “The Internet of Things: Mapping the Value Beyond the Hype,” the IoT market could have an estimated total economic impact of $3.9 trillion to $11.1 trillion per year in 2025.
With this market opportunity also comes IT roadblocks. McKinsey notes that the lack of open-standards and agile platforms may slow the adoption process across the enterprise.
“IoT applications can get very complex very quickly due to the extensive breadth and diversity of data sources and analytics involved, as well as the challenge with standards,” said Vernon Turner, SVP of Enterprise Systems and IDC Fellow for The Internet of Things.
“For companies and developers looking to unlock the value of IoT, the focus will be on technology vendors that provide an open and agile platform,” added Turner.
Halliburton Landmark — Oil & Gas
“Oil and gas is an old industry with a new take on technology. At Landmark, a Halliburton business line, we’ve embarked on an enterprise-wide deployment of Pentaho across our multiple industry platform offerings to improve collaboration between oil and gas companies and the broad supply chain,” said Kumar Shanmugavel, Product Manager, Halliburton Landmark. “By expanding our advanced analytics capabilities to include monitoring machine sensor data, our deployment has improved pump safety and prevents spills by predicting failure rates, resulting in 60 to 80 percent less cost and 2x to 4x faster development.”
Intelligent Mechatronic Systems (IMS) — Automotive
“As a leader in the connected car industry, IMS is creating revolutionary, award-winning technology that enables drivers to be safer, smarter and greener,” said Christopher Dell, Senior Director, Product Development and Management, IMS. “Pentaho enables us to derive greater meaning from the big data collected from our connected car programs, increasing our competitive advantage and enabling us to offer customers the most comprehensive end-to-end connected car solutions on the market. For example, IMS is currently utilizing high performance analytics to drive better outcomes for both insurers and drivers in usage-based insurance programs. We are also looking to leverage this technology to grow our other connected car programs and services, such as road-usage charging and fleet management offerings, as well as expanding to new opportunities in the related IoT market.”
Kirchhoff Datensysteme Software (KDS) — Manufacturing
“Plastic compounding is complex and highly specialised process. The industry is an order-driven small batch process in which products can be manufactured in different plants; it’s therefore essential to identify the optimal production path,” said Oliver McKenzie, Managing Director, Kirchhoff Datensysteme Software. “Poly.MIS was built by industry experts on the Pentaho business analytics platform and helps plastic compounders diagnose the causes of poor throughput times and serves as a basis for continuous production path optimization, laying the fundament for a smart factory.”