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The Internet of Things generates a lot of data that needs to be processed, and innovative startups recognize that artificial intelligence can lighten the load. Jeff Vance of Network World selected Sight Machine as a 10 hot AI-powered IoT startup. Read on to learn more about what Sight Machine does to address this.
Problem they solve: Manufacturers struggle to make optimum decisions quickly. When dealing with problems that emerge on the plant floor, any indecision or delay in decision making could be costly.
In manufacturing, data variety (due to thousands of sources) is far greater than in other IoT use cases, and according to research from Morgan Stanley, the sheer quantity of data is also larger than anywhere else. Traditional analytics tools can’t cope with either the variety or volume.
How they solve it: Sight Machine software uses canonical data models and AI to ingest, integrate, and map massive amounts of heterogeneous data into operational models. The canonical data models represent any machine, line, facility, supplier, part or batch that the manufacturer specifies. Once modeled, data is then systematically and continuously analyzed.
By standardizing the manufacturing models and following a data-first approach to decision making, Sight Machine enables manufacturers to automate data ingestion in a rapid, highly repeatable manner. The standardized model allows manufacturers to create downstream applications that immediately leverage the modeled data.
Analytical techniques include advanced inferential statistics, machine learning and AI, all of which are applied to generate manufacturing-specific insights. Within its platform, Sight Machine analyzes and visualizes data, so results can be viewed via a browser on any connected device.
Why they’re a hot startup to watch: Sight Machine has the deepest pockets in this roundup, backed by $50 million in VC funding. CEO and co-founder Jon Sobel was previously with Tesla and Yahoo, while co-founder and CTO Nathan Oostendorp and co-founder and Chief Data Scientist Kurt DeMaagd previously co-founded Slashdot.org. Finally, the customers Sight Machine has accumulated are impressive, including GE, Fiat Chrysler, and Fujitsu.