United Technologies has bought a predictive analytics boutique as part of the Tier 1 supplier’s corporate push into becoming a software-industrial giant.
UTC said Aug. 21 it had acquired Predikto of Atlanta under undisclosed terms. Predikto will have a presence there and in Brooklyn, New York, where UTC just opened a so-called digital lab near the Brooklyn Bridge.
According to UTC, Predikto is known for its proven, cloud-based predictive health maintenance system. In particular, Predikto’s technology platform “is able to take hundreds of disparate industrial asset data-sets and automate up to 80% of the analytics process to quickly deliver actionable insights for taking preemptive steps to avoid issues, thereby increasing asset uptime.”
As part of the announcement, UTC said Predikto recently completed several tests with Pratt “specifically focused on commercial engines using preexisting data,” and which identified factors related to unplanned engine events.
“What would have taken engineers months to aggregate the data and create algorithms instead only took days for two data scientists to complete using the Predikto software platform,” UTC representatives said.
Predikto CEO Mario Montag will become “chief data and analytics officer” for UTC, driving the corporation’s global data and analytics initiatives.