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Monday, 02 May 2016
Tech in Asia - How IoT startup Flutura is competing with GE and winning
Remember when the Nokia 6100 was the most popular phone? That era is gone. Phones have gotten smart. Internet connections, apps, and a host of services come with them. Today you’d want a smartphone, not a dumb gadget. Something similar is now happening in the world of industrial machines. Take the example of a large manufacturer of mining equipment for oil fields. There was a time when their million dollar pumps and assorted equipment were sold as dumb machines
Tech in Asia - How IoT startup Flutura is competing with GE and winningMonday, 02 May 2016
Remember when the Nokia 6100 was the most popular phone? That era is gone. Phones have gotten smart. Internet connections, apps, and a host of services come with them. Today you’d want a smartphone, not a dumb gadget.
Something similar is now happening in the world of industrial machines.
Take the example of a large manufacturer of mining equipment for oil fields. There was a time when their million dollar pumps and assorted equipment were sold as dumb machines. Not any more. Now, they come with sensors hooked onto the internet for real time monitoring of their health.
Think of it as a Fitbit for machines. A pressure anomaly or a strange vibration, for example, would signal a servicing or replacement of parts. Breakdowns can thus be prevented or at least fixed at lightning speed. This means huge savings, because a day’s downtime for oil mining equipment is a million dollars lost.
And for the original equipment manufacturers (OEMs), it opens up a new line of business. They can remain connected over the internet with all the machines they sell, monitor their performance in real time, and take remedial action in advance to cut shutdown time. With proactive services like these, they boost their LTV (lifetime value) from customers, who get continuous monitoring of their machines instead of periodic inspections.
To do this, however, the OEMs need to be able to collate the multitude of signals from their machines, analyze them, and predict problems. Here’s where an Indian IoT and M2M (machine-to-machine) data analytics startup comes in to provide the missing piece in the puzzle.
“The OEMs know the physics and heuristics of their machines, but they’re novices when it comes to data,” says Krishnan Raman, CEO and co-founder of Flutura. “So we partner with them to build data-driven models that can look at machine status, diagnose problems, and predict failures… Instead of reacting to failure, you orchestrate the entire response before failure.”
Flutura has a brainy product called Cerebra which can do this and it’s flexible enough to be adapted to a wide range of heavy industries. But it has a formidable rival.
GE Predix vs. Flutura Cerebra
GE is also a pioneer in industrial IoT (internet of things). It has poured more than a billion dollars into developing an M2M analytics platform called Predix similar to Flutura’s Cerebra. Initially, it was designed to collect and analyze data from GE’s own turbines and engines to make them run better. Then it offered the platform for other industrial equipment makers to use too.
And yet, some of the world’s largest OEMs prefer the Indian IoT startup over the American giant. US-based John Bean Tech (JBT), the world’s largest manufacturer of airport equipment, is one of them.
If you look out of the window when your plane taxies to a halt at the airport, you will see how quickly it is surrounded by vehicles of all sorts, such as the JBT baggage handler. For every minute’s delay in that baggage handler doing its job, the airport has to cough up stiff penalties for prolonging the turnaround time of the flight. That can range anywhere from US$60 to US$400 per minute.
Now, with Flutura’s help, JBT has a “prognostic service” for airports that use its equipment. Internet-linked sensors and geo-tags on its machines provide a continuous stream of data that help pre-empt delays and cut down penalties.
Wednesday, 12 October 2016
This Indian IoT Product In China Shows How Factories Will Be Part Of The 4th Revolution
Flutura featured in Forbes.com ! Read article here : http://www.forbes.com/sites/sumitchakraberty/2016/10/12/why-henkel-dragon-plant-in-china-is-using-indian-iot-product-flutura/#2d013727533c One of my fondest memories of growing up in a small town in India is making gashes in the bark of a tree on the way to school. The next day we would collect the gum which had seeped out. It was fun to use the natural gum to stick labels on our notebooks, even if it was messy
This Indian IoT Product In China Shows How Factories Will Be Part Of The 4th RevolutionWednesday, 12 October 2016
Flutura featured in Forbes.com !
One of my fondest memories of growing up in a small town in India is making gashes in the bark of a tree on the way to school. The next day we would collect the gum which had seeped out. It was fun to use the natural gum to stick labels on our notebooks, even if it was messy.
Later I graduated to industrially produced adhesives, from simple glue to quick fixes for broken objects. But it’s only recently that I learned about the sophisticated technology and precision manufacturing involved in adhesives for such critical products as the wings of aircraft.
One of the leading manufacturers of adhesives of this kind is Henkel, headquartered in Dusseldorf, Germany. Its Dragon Plant (the name is a cultural homage to the plant’s sheer magnitude) in Shanghai, China, is the world’s largest adhesives factory, and aims to be the smartest one, too.
I was intrigued to discover how an IoT (internet of things) product made by an Indian startup, Flutura, in Bangalore is playing a transformative role in this. It’s part of a phenomenon some describe as the fourth industrial revolution.
Fitbit for machines
We’re fast getting used to a new world of smart homes, self-driving cars and virtual assistants. But an even bigger change is quietly brewing in our industries, thanks to huge advances in the collection and analysis of sensory data from industrial machines hooked up to the internet.
Just as feature phones had to give way to smartphones, the days of dumb industrial machines are also numbered. We are rapidly moving to an era of smart machines.
Derick Jose, co-founder of Flutura, describes its IoT product Cerebra as a “Fitbit for machines.” It captures data streaming from various sensors on machines to analyze their health and predict problems.
Think of the money saved when timely intervention, thanks to a trigger from Cerebra, prevents a breakdown in an oil rig. “One hour of downtime, interrupting the pumping out of oil, costs anywhere between $30,000 and $200,000 for one of our oil & gas clients in Houston,” elaborates Krishnan Raman, CEO and co-founder of Flutura.
Machines have always given out signals from sensors monitoring pressure, vibration and a host of other things. But once they’re connected to the internet, all those signals can be correlated and analyzed to make intelligent predictions and provide actionable insights.
Flutura has been working with OEMs [original equipment makers] like Stewart & Stevenson, Siemens, and JBT, which make oil rig pumps, energy equipment, and aerobridges, respectively. These are machines costing upwards of $1 million each, so any increase in efficiency or decrease in downtime leads to huge savings for their users.
In the case of Henkel, Bangalore’s Flutura is helping to transform the way quality is managed in making adhesives for clients like Bombardier, which uses a metal bonding glue for its aircraft wings. Here it’s going beyond smart machines to help create smart factories, because it extends across the whole manufacturing process.
Sandeep Sreekumar, who is strategizing Henkel’s smart factory move, explains to me that the IoT product from Flutura introduced in the Shanghai plant this year is part of a larger scheme of things that began in 2014. “IoT is not something you buy in the market and you suddenly become a smart factory. It doesn’t happen like that.”
Making an adhesive is a lot like cooking a dish. You have a set of ingredients and a method of cooking it. Various factors like quality of ingredients, quantity and timing determine how the dish turns out. Some things are hard to control, such as the influence of weather fluctuations on the characteristics of ingredients. That could affect the flavor of an onion or the viscosity of a glue material.
Here’s where a smart factory becomes a game-changer. What if you could predict how a dish will turn out instead of waiting to cook and taste it to decide if it’s good?
For Henkel, human errors, rework and quality testing account for much of the cost of making adhesives. A large inventory also has to be maintained in case of rejected batches. All those can be reduced drastically with a shift to prediction instead of inspection.
“We are creating an environment where you have a much smarter way to control quality,” says Sreekumar.
Sounds good in theory, but rolling it out on the ground involves a series of calibrated steps. Henkel began in 2014 with standardizing and simplifying the backend layers such as the ERP stack. The next year it began collecting data on manufacturing processes and digitizing the process flows.
This year it started connecting the machines and integrating the machine data with the process data to be able to derive predictive intelligence. That’s when a company like Flutura was brought in for actionable insights.
Friday, 16 September 2016
How Tech in Asia Bangalore opened doors to Japan for this IoT startup from India
Japanese hardware and Indian software make for a winning combo in IoT, and I’m here to help make that happen,” remarked a smiling Yoshiko Tsuwaki, deputy director of the information and communication electronics division in Japan’s ministry of economy, trade, and industry (METI). She was speaking at a dinner hosted by Naotaka Nishiyama of Deloitte Japan’s Tohmatsu Venture Support. It was a part of the Tech in Asia Bangalore conference on July 6-7
How Tech in Asia Bangalore opened doors to Japan for this IoT startup from IndiaFriday, 16 September 2016
Japanese hardware and Indian software make for a winning combo in IoT.
Partnership with Hitachi
The ‘scale-as-you-go’ pricing model from Flutura helps our customers to start small and then scale the solution.
Friday, 04 April 2014
Flutura - One of the 11 fastest-growing product website- Times of India
Provides Big Data analytics technology to mine hidden insights from huge chunks of machine generated data for global oil and gas majors to bring in efficiency and safety. Flutura was launched in February 2012 by Krishnan Raman, Derick Jose and Srikanth Muralidhara, who earlier worked at IT services firm Mindtree. Several energy, oil and gas majors use Flutura’s patent pending platform, Cerebra. To know more click HERE
Flutura - One of the 11 fastest-growing product website- Times of IndiaFriday, 04 April 2014
Provides Big Data analytics technology to mine hidden insights from huge chunks of machine generated data for global oil and gas majors to bring in efficiency and safety. Flutura was launched in February 2012 by Krishnan Raman, Derick Jose and Srikanth Muralidhara, who earlier worked at IT services firm Mindtree. Several energy, oil and gas majors use Flutura’s patent pending platform, Cerebra.
To know more click HERE
Monday, 10 July 2017
Flutura & JAG Group Join Forces to Accelerate Digital AI & IIoT Revolution Into Oil and Gas Marketplace
HOUSTON, TX--(Marketwired - Jul 10, 2017) - Flutura, an Artificial Intelligence (AI) start-up focused on impacting outcomes in the energy, manufacturing and engineering industries, today announced that it is partnering with the Jerry Allen Group (JAG Resources) in Houston, Texas to accelerate its growth. The partnership will focus on utilizing Flutura's flagship Cerebra IIoT platform for the benefit of the strategic oil and gas industry
Flutura & JAG Group Join Forces to Accelerate Digital AI & IIoT Revolution Into Oil and Gas MarketplaceMonday, 10 July 2017
HOUSTON, TX--(Marketwired - Jul 10, 2017) - Flutura, an Artificial Intelligence (AI) start-up focused on impacting outcomes in the energy, manufacturing and engineering industries, today announced that it is partnering with the Jerry Allen Group (JAG Resources) in Houston, Texas to accelerate its growth. The partnership will focus on utilizing Flutura's flagship Cerebra IIoT platform for the benefit of the strategic oil and gas industry.
For Flutura Business SolutionsLLC:
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Wednesday, 28 June 2017
Three Real Life AI & IOT Transformation Stories in US Manufacturing
This article examines the convergence of AI and IoT and how the two together are bringing positive change to the manufacturing sector. There are exciting new possibilities for AI & IoT in the health care and automotive world
Three Real Life AI & IOT Transformation Stories in US ManufacturingWednesday, 28 June 2017
AI & IoT transforming Chemical Process manufacturing in Texas
AI & IoT transforming catalyst manufacturers operations near Houston
AI & IoT transforming glove manufacturing unit in Ohio
Tuesday, 30 May 2017
20 Indian startups poised to expand in global markets
Photo credit: Pixabay. London & Partners, an agency of the city administration supported by tax firm BDO and banks Santander and Newland Chase, have been on the hunt for Indian startups ready to expand in global markets. They’ve selected 20 after screening hundreds. These 20 startups will be taken to the London tech week next month, and subsequently supported in expanding their businesses in world markets using London as a base
20 Indian startups poised to expand in global marketsTuesday, 30 May 2017
Photo credit: Pixabay.
London & Partners, an agency of the city administration supported by tax firm BDO and banks Santander and Newland Chase, have been on the hunt for Indian startups ready to expand in global markets. They’ve selected 20 after screening hundreds.
These 20 startups will be taken to the London tech week next month, and subsequently supported in expanding their businesses in world markets using London as a base.
“India is one of the highest sources of foreign direct investment to London, so we already have strong trade links. But we think we can go further to strengthen London’s connections with Indian businesses, not only in established sectors, but in growing sectors, such as tech,” says David Slater, director of international trade and investment at London & Partners.
Here’s a look at the 20 tech companies that made the cut for tickets to London:
Bangalore-based 42Gears helps enterprises manage their mobile devices to improve workforce productivity as well as secure corporate data. “Mobile devices are designed with individual users in mind. However, deploying them in a business setup is risky without proper security and control. This is where we come in. We enable the adoption of mobile devices for business use,” 42Gears co-founder and CEO Onkar Singh told Tech in Asia in an earlier interview.
Onkar and his co-founder Prakash Gupta worked for Motorola before bootstrapping 42Gears into a profitable venture with international clients.
Chennai-based 2AdPro produces creative content for marketing campaigns in a cost-effective way for global brands. It also has tech products to help manage campaigns. Clarks, Tesco, and BBC are among its clients. The co-founders, Gopal Krishnan and Todd Brownrout, had long careers in the media and advertising industries before striking out on their own.
HR tech startup Edge Networks uses natural language processing, and deep learning to help companies hire talent and manage their workforce. The startup claims that HR is outdated in most companies, but a data-driven approach can improve the chances of connecting the right people with the right jobs.
Deloitte had earlier picked Edge Networks as one of the 50 fastest growing tech companies in India. It is also part of the latest batch at Google Launchpad.
Flutura CEO and co-founder Krishnan Raman speaking at Tech in Asia Bangalore 2016.
Photo credit: Tech in Asia.
Bangalore-based industrial IoT startup Flutura has already made a foray into international markets and is looking for further expansion. The best description of what it does comes from co-founder Derick Jose in an interview with Tech in Asia – a Fitbit for machines.
Flutura’s Cerebra product uses deep learning to predict outcomes for industrial machines. This has wide-ranging applications in maintenance, quality, and cost control. Equipment manufacturers use it for remote monitoring of machines and providing new services to clients.
Flutura recently raised US$7.5 million in series A funding from Vertex Ventures, Lumis Partners, and existing investors to push more aggressively into international markets.
Mumbai-based GOQii uses an app coupled with its fitness tracker to provide subscription-based personal coaching to help users interpret metrics and work towards their health and lifestyle goals. “I was running a gaming startup before this. It made me round as a volleyball as I would eat too many pizzas and never exercise. After it got acquired, I thought I would download all the fitness apps and get fit. But nothing worked. I had to consult a fitness coach who kept suggesting meals and recommended exercise daily,” GOQii founder Vishal Gondal told Tech in Asia in an earlier interview.
The startup raised US$13.4 million in series A funding from New Enterprise Associates and Cheetah Mobile, and was part of the first batch of Swiss Re’s accelerator in Bangalore.
Fintech startup I-Exceed has a suite of digital banking products. It has already made forays into Singapore and the US. Now it wants to expand into the European market, starting with the financial hub of London.
Software-as-a-service startup Intelligence Node uses big data analytics for insights into pricing of retail products. More than 100 retailers and brands already use its suite of SaaS products for merchandising strategies, optimizing prices in real time, inventory management, and so on.
Mettl is another SaaS startup. Its tools help enterprises with online assessments for hiring. It can also be used for learning and development tests. Its proctoring program can test a candidate or learner and give instant feedback to a recruiter or teacher.
Bangalore-based MSys Technologies provides tech services related to the use of data centers. These include storage, virtualization, cloud computing, UX engineering, and predictive analytics. It has expanded into the US and Southeast Asia, and is now looking to expand its footprint in Europe via London.
Bangalore-based RxPrism provides customer engagement tools and services, focusing on the healthcare domain which has special needs, such as creating a scientific animation video or tablet app. Headquartered in India, it already has local offices in the US, UK, Dubai, Singapore, and Japan. It hopes to expand its footprint in Europe, Australia, and China.
Photo credit: Pixabay.
Bangalore-based SigTuple uses computer vision and artificial intelligence to automate what a pathologist does – examining slides under a microscope and diagnosing diseases. After running pilot programs in several Indian medical institutions, the startup recently raised a series A round of US$5.8 million – the biggest for any Indian healthcare AI startup. It is now looking to expand abroad.
SigTuple is also part of the current batch at Microsoft’s accelerator in Bangalore.
SaaS startup SirionLabs helps enterprises manage outsourced technology services, their suppliers, and contracts. “Sirion will monitor whether they’ve delivered, what they’re supposed to be doing, and if they’re complying with the contract. We’ll provide a picture of what was supposed to happen and use big data to tap into performance,” SirionLabs founder Ajay Agrawal told Tech in Asia in an earlier interview, after raising US$12.25 million in funding from Sequoia.
Smartivity Labs develops and provides activity-based smart learning experiences and toys for children between the ages of 3 and 14. Its DIY educational kits span physical and digital tools to build STEM (Science, Technology, Engineering, and Math) skills. These include robots, internet-connected toys and games, and an app delivering curated content.
Hyderabad-based SMSCountry, which began as a provider of bulk SMS, has evolved into a communication platform-as-a-service (PaaS) company. It enables developers to build real-time communication features in their apps – including messaging, voice, and video – without having to build the backend infrastructure for them.
Sokrati has a SaaS product to help ecommerce companies with analytics, optimization, and digital marketing. The SaaS module for digital marketing makes it easy to adopt for small businesses around the world. It also has an enterprise business for larger clients in the banking, telecom, travel, and auto sectors.
Real estate tech startup Square Yards helps users with property transactions in multiple countries. This covers the whole gamut from property research to transactional nitty gritty and financial support. It also helps real estate developers with marketing and events.
Photo credit: Pixabay.
Stellaps provides end-to-end technologies to dairies. It uses IoT, cloud, mobility, and big data analytics to improve procurement for dairies, milk production, the cold chain, and farmer payments. Its SmartMoo IoT router acquires data via sensors embedded in milking systems, animal wearables, milk chilling equipment, and milk procurement peripherals. The data is analyzed on the cloud and disseminated to various stakeholders.
Activity-based travel startup Thrillophilia connects local tour operators with travellers. Suppliers apply to list their tours and activities on the platform, and the approved ones are listed for global users to book.
Thrillophilia was co-founded by Indian School of Business grad Chitra Gurnani along with her husband, Abhishek Daga.
Hyderabad-based Transcell Biologics has developed a stem cell repository for regenerative medicine to treat diseases like cancer, neurological ailments, and autoimmune disorders. It is backed by the Indian Angel Network.
Delhi-based Zenatix uses smart meters, IoT, and machine learning to reduce energy consumption for organizations. Automated and intelligent controls enable round-the-clock monitoring and optimization.
“The analytics engine slices and dices the data to come up with the energy consumption pattern of the building, down to each and every appliance in it. Then steps are taken to optimize that,” Zenatix co-founder Amarjeet Singh explained to Tech in Asia in an earlier interview.
Editing by Malavika Velayanikal and Judith Balea
Originally posted in https://www.techinasia.com/20-indian-startups-ready-to-expand-in-global-markets
Friday, 05 May 2017
The Industrial IoT: 125+ Startups Transforming Factory Floors, Oil Fields, And Supply Chains
Flutura Decision Sciences and Analytics featured in CB insights as Industrial IOT Startup Transforming Factory Floors, Oil Fields, And Supply Chains So far, the IIoT wave transforming asset-heavy industries has been led by the old guard of tech giants such as GE, IBM, and Cisco. With connected devices like Nest and Sonos breaking into the mainstream, the IoT has become one of the most-discussed tech trends of the last twenty years
The Industrial IoT: 125+ Startups Transforming Factory Floors, Oil Fields, And Supply ChainsFriday, 05 May 2017
So far, the IIoT wave has been led by the old guard of industrial tech companies such as GE, IBM, and Cisco, who envision the IIoT as a core component of their future businesses. GE, in particular, pioneered the term “Industrial Internet” when announcing its $1.5B R&D commitment back in 2012.
Monday, 01 May 2017
The Butterfly Effect - Data Science Hackathon
Bengaluru: Flutura Decision Sciences and Analytics hosting data science hackathon - The Butterfly Effect on 13th May 2017 from 10.00 AM - 6.00PM at JP Nagar Office. This will be a golden opportunity to hack a hard data science problem and win attractive prizes. Flutura cordially invites the machine learning enthusiasts to the hackathon and showcase their data science and analytical skills. Register Now : tiny.cc/Butterfly_effect
The Butterfly Effect - Data Science HackathonMonday, 01 May 2017
Bengaluru: Flutura Decision Sciences and Analytics hosting data science hackathon - The Butterfly Effect on 13th May 2017 from 10.00 AM - 6.00PM at JP Nagar Office. This will be a golden opportunity to hack a hard data science problem and win attractive prizes. Flutura cordially invites the machine learning enthusiasts to the hackathon and showcase their data science and analytical skills.
Register Now : tiny.cc/Butterfly_effect