FogHorn's innovative technology, subscription model and best-in-class customer service give it a distinct competitive edge
SANTA CLARA, California, July 24, 2018 /PRNewswire/ -- Based on its recent analysis of the global smart buildings market, Frost & Sullivan recognizes FogHorn with the 2018 Global Entrepreneurial Company of the Year Award. FogHorn is leading the edge intelligence space with the truly disruptive FogHorn Lightning™ Edge Intelligence platform, which harnesses the potential of Big Data, data analytics, and machine learning (ML) capabilities for use in onsite locations. It meets the market demand for a solution that can process high volumes of sensor data from different building systems, while simultaneously offering low total cost of ownership (TCO) of building systems.
The FogHorn Lightning Edge solution is an innovative software platform designed to be embedded directly into the edge devices of building systems. The platform addresses three critical requirements of the industrial edge today:
- Data enrichment—raw data from the field-level devices is cleansed, normalized, aligned, and contextualized
- High fidelity, real time analytics—Lightning's hyper-efficient complex event processor (CEP), is ideal for advanced, low latency closed loop industrial operations, delivering fast actionable insights for greater operating efficiency, and is designed for highly constrained computing environments
- Iterative ML—Lightning EdgeML™ delivers Iterative ML through continuous inferencing on all streaming sensor data generates higher quality predictive insights for improved asset performance and process improvements
"FogHorn's highly scalable edge analytics platform enables real-time and onsite sensor data streaming and processing for buildings that lack a network operations center," said Anirudh Bhaskaran, Industry Analyst at Frost & Sullivan. "The enhanced data security and reliability, operational efficiency, and safety of building systems reduce the TCO of the building by 30% to 40%. The platform can run exclusively on-premise and is cloud-agnostic, connecting to a private or a public cloud network based on the company's IT infrastructure, data security policy, and budget."
FogHorn strategically based its business model on a subscription model per device, rather than on data volume and processing resources used for analytics. Its strong value proposition combined with a highly competitive price offering positions it to challenge the leading participants in the smart buildings market.
"FogHorn allows its customers to evaluate its software for a period of time at no additional costs. Being a software company, it helps customers' operational technology (OT) personnel share instant feedback though email and thorough feedback through 24X7 customer support services," noted Bhaskaran. "Additionally, FogHorn's edge solution aids its customers in delivering exceptional service experience to their own customers through predictive maintenance capabilities."
Overall, its technology differentiation, excellent customer service, and disruptive influence on the smart buildings market make FogHorn truly deserving of Frost & Sullivan's honor.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
FogHorn is a leading developer of edge intelligence software for industrial and commercial IoT application solutions. FogHorn's software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. FogHorn's technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as Smart Grid, Smart City, Smart Building and connected vehicle applications.
FogHorn and Lightning are trademarks of FogHorn. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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SOURCE Frost & Sullivan