Augury Receives Frost & Sullivan Product Leadership Award for AI-based Machine Health Solution
Continuous Diagnostics Technology Enables the Digital Transformation of the Process Industry
NEW YORK, NY — June 29, 2019 — Augury, a leading industrial analytics company, was recognized today by Frost & Sullivan with a Product Leadership Award for its AI-Based Machine Health Solution for the Process Industry. Augury received this award based on its technology’s ability to reduce maintenance costs, improve overall equipment effectiveness (OEE), reduce unplanned machine downtime, and increase productivity. The company’s core diagnostic capabilities play a critical role in industrial digitization and the transformation of its customers’ operations.
“Machine health is still a blind spot and Augury — by helping companies align their maintenance, operations, and reliability teams — uncovers machine blind spots and removes the barrier of unexpected failures,” said Sankara Narayanan, senior industry analyst at Frost & Sullivan.
These unexpected failures represent a significant obstacle to digital transformation that many industrial organizations face.
“We’re seeing more C-level led digital transformation strategies and initiatives being deployed in the market,” said Saar Yoskovitz, co-founder and CEO of Augury. “Most organizations recognize that machine health is the first foundational step they should take on their digitization journey. We are thrilled that a leading consulting firm has identified and defined digital machine health as a new market category. Machine health is crucial for industrial progress and we’re grateful to be recognized as leaders in this new field.”
As a full-stack company, Augury provides the advanced hardware and software necessary for a holistic view of machine health and performance across an organization. Through the real-time monitoring of magnetic, vibration and temperature data, Augury identifies the earliest possible signs that a mechanical fault may occur, along with the recommended actions that need to be taken to prevent it. With more than 7,000,000 machine hours being monitored and diagnosed by Augury’s Halo solution, the company has created one of the largest mechanical malfunction databases in the world. This unique and ever-growing database allows it to continue fine-tuning its AI-based mechanical diagnostics.
Augury’s out-of-the-box Halo continuous diagnostics solution is deployed using a software-as-a-service (SaaS) model. View the Frost & Sullivan Report to learn more.