Uptake Wins "New Energy Pioneer" Award at BloombergNEF

CHICAGO, March 25, 2019 /PRNewswire/ -- Industrial artificial intelligence leader, Uptake, was named today as a 2019 New Energy Pioneer by Bloomberg New Energy Finance (NEF). The award is in recognition of ground-breaking companies that are fueling the transition to a lower carbon economy and bringing new ideas for business models, technologies, market structures and commercial opportunities.

"I'm proud of the entire Uptake team and our commitment to our energy, transportation and industrial customers who use our artificial intelligence platform and applications in the field everyday," said Uptake CEO Brad Keywell. "Our goal is to delight customers with impactful outcomes, and each new customer offers further proof of our belief that AI and data science should power operational decisions in major industries. Our market leadership has been fortified by our independence from any singular OEM. Further, the impact of our delivered outcomes has been magnified through our ownership of the world's most comprehensive dataset of equipment failure patterns. Through the Uptake lens, industry productivity looks even better."

With the massive amount of data generated by industrial machines, companies are increasingly searching for simple ways to turn this data into action that improves their bottom-line. Using artificial intelligence and data science, an intelligent industrial platform turns machine data into insights, predictions and recommendations. With insights people can improve all aspects of industrial performance, make better-informed decisions that impact both top-line and bottom-line financials and help optimize the overall business.

The winners from more than 185 applicants were assessed against three criteria:

• Potential to scale the opportunity and have global impact
• Level of innovation of the technology or business model and the novelty it brings to the market
• Momentum by showcasing substantive progress in the form of strong commercial partnerships, the distribution channels in place and sales growth

Uptake Asset Performance Management (APM)
Uptake's APM software improves productivity and efficiency by leveraging artificial intelligence (AI) to create business value from operational data. Traditional asset management only covers routine maintenance tasks and fails to anticipate and adjust to the ways industry operates its business. Today's asset-intensive environments require a new approach with industrial data science generating OEM-agnostic insights, predictions and recommendations for any asset.

Learn more at https://www.uptake.com/industry-solutions/energy.

ABOUT UPTAKE

Uptake is a leading provider of artificial intelligence and IoT software for industrial companies. We combine data analytics and machine learning with deep industry knowledge to create valuable outcomes like increased reliability, productivity and safety. Headquartered in Chicago with locations in Silicon Valley, Washington D.C., Toronto and Dubai, Uptake is used by global industrial customers of all sizes to leverage data, creating newfound efficiencies and competitive advantages. Learn more at www.uptake.com.

Contact: [email protected]

View original content to download multimedia:http://www.prnewswire.com/news-releases/uptake-wins-new-energy-pioneer-award-at-bloombergnef-300817106.html

SOURCE Uptake