Seeq is a leading provider of advanced manufacturing analytics solutions and services, delivering real-time insights to improve production operations’ safety, quality, and efficiency. Seeq’s platform provides analytics for the entire manufacturing process—from raw materials to components all the way through final products—enabling companies to make informed decisions that drive better performance. By using data-driven insights on equipment availability, process outputs and product quality trends, manufacturers can identify issues before they arise and action plans can be developed to permanently address them.
Seeq recently raised $50M in Series B funding, which will enable them to expand their global reach. Customers are now able to automate data sharing across plants and facilities so that insight is available at their fingertips in near real time. With this automated workflow, workers no longer need to manually code or extract data from different systems—insights can be quickly identified and acted on in a timely manner.
The benefit of Seeq’s platform for manufacturers is immense; it allows them to unlock value from their existing data sets while also providing powerful insights into plant operations so they can take proactive measures towards improving performance. In addition, Seeq’s services are tailored for different industries—such as food & beverage and automotive & aerospace–so customers get an integrated solution that specifically addresses their needs. By adopting these analytics capabilities powered by Seeq’s innovative solutions, manufacturing facilities now have improved visibility into processes than ever before– making it easier than ever to streamline operations and stay ahead of potential disruptions throughout their business entire supply chain.
Overview of Seeq’s Manufacturing Analytics Software Platform
Seeq is a leading manufacturing analytics software platform that has become increasingly popular due to its comprehensive capabilities and ease of use. Their platform helps customers to solve complex problems and optimize their lines for greater efficiency.
In this article, we’ll explore the features and advantages of Seeq’s manufacturing analytics software platform.
Key features
Seeq’s manufacturing analytics software platform provides comprehensive data management and analytics capabilities designed to help manufacturers optimize performance, improve quality, and increase profitability. This comprehensive platform offers full-range data ingestion, modelling and optimization capabilities built on a modern architecture. The platform allows users to access, visualize, model and analyze real-time data from connected devices, sensors and other related equipment along the entire manufacturing lifecycle.
Seeq’s software platform provides customers with key features such as:
– Data Ingestion: To provide customers with timely insights into their operational performance, Seeq encourages direct connection of machines through industrial IoT gateways. All major industrial protocols can be connected to facilitate rapid prototyping via pilot machines/lines or entire factories that are all equally monitored through one centralized analytics suite.
– Intelligent Alarm Notifications: To reduce downtime in their operations due to unexpected events such as machinery stoppage or batch delays due to quality control issues, Seeq offers configurable alarm notifications for on-time response to any such situations. A production line shutdown could cost the customer thousands of dollars in lost time – Seeq’s intelligent alarm notifications help companies respond quickly so minimal disruptions occur.
– Comprehensive Visualization Capabilities: Data visualization is an essential component of Seeq’s machine learning offering which allows customers rich insights into how their production is running based on an intuitive graphical interface. By being able to monitor productivity trends throughout their operations efficiently with visualizations (Gantt Charts & Trends), customers possess greater knowledge regarding their processes trends operators’ performance & machinery health ensuring efficient process management & maximum profitability at all times.
– Foresight Analysis: To maximize the durability of machinery used in operations while minimizing cost associated with unnecessary replacements or repairs; Seeq utilizes advanced predictive analytics tools including Anomaly Detection & First Failure Forecasting which will give customers the ability to make well informed decisions about parts procurement by identifying wear/failure patterns before anything actually goes wrong in plant operations allowing for proactive maintenance strategies equipped with necessary parts lists eliminating any unexpected downtime costs associated with surprise repairs or breakdowns due to such probability events Such advanced foresight analysis makes it possible for manufacturers equip themselves proactively for any situation anticipating failures or possible problems easily ahead of time allowing them peace of mind when it comes have machines operating optimally at all times without having to worry about disruption leading higher uptime success rates.
Benefits
Seeq’s manufacturing analytics software platform offers key benefits to businesses in the industry. Businesses that use Seeq gain access to a comprehensive suite of tools, making it easier and faster to get the answers they need. Some of the key features are:
-Data Visualization: Companies can access and analyze multiple streams of real-time operational data visualizations side-by-side. This includes cycle time measurements for asset utilization and production efficiency, capturing both process and control parameters not available in ERP systems.
-Predictive Analytics: With Seeq’s predictive analytics capability, customers can proactively identify unexpected cessations or losses in performance before they occur by creating data models out of predicted problems.
-Easy Integration: The platform seamlessly integrates with existing software solutions such as ERP and DCS systems, making it easy to add historical information and modified data sources into an overall single view for increased insight into operations.
-Smart Notifications: Real time notifications allow users to stay informed about changes across their operations without needing to manually monitor them continually. Users can configure notifications regarding specific criteria such as a stoppage on a machine or an anomaly in KPI values sent directly via email or mobile alerts (SMS texts) when exceptions occur.
-Secure Platform:The platform is encrypted by ES256 SSL Encryption, which provides maximum data protection without sacrificing accessibility for customers; users can access their company performance from any location with an internet connection. Seamless integration with existing security solutions like LDAP, SSO, Windows domain authentication ensures even greater security across all levels of business operations.
How Seeq’s Software Platform Improves Manufacturing Performance
Seeq’s manufacturing analytics software platform has revolutionized the way manufacturing companies analyze and measure their performance. By providing real-time data analysis and insights, Seeq helps manufacturers generate actionable insights while reducing the time to value.
With Seeq’s software platform, you can quickly uncover hidden trends, investigate cause and effect relationships, and identify root causes of problems. It also offers unprecedented scalability, allowing users to analyze large amounts of data quickly and accurately.
Let’s take a look at some of the key benefits of Seeq’s software platform.
Improved efficiency
When manufacturers use Seeq’s software platform, they can experience significant improvements in efficiency. This analytics platform analyzes data from IoT devices and other sources to provide insights that can unlock capacity, reduce downtimes and identify potential areas of improvement in real-time.
Seeq’s software platform provides accurate data visibility across the entire production system. Manufacturers can gain a better insight into their manufacturing performance and identify potential areas of improvement. They will also be able to monitor machine performance more effectively, enabling them to maintain optimal operating conditions and prevent problems before they occur.
The dashboard view provided by Seeq allows for multi-directional searching for investigations within historical sets of data or correlate different measurements over an extended timeline. With the combination of advanced analytics and connectivity capabilities, manufacturers can quickly pinpoint root causes of issues and develop actionable solutions.
This cloud-based platform provides an integrated solution that increases operational scalability without requiring additional IT infrastructure investments across multiple sites or product lines. In addition to providing a comprehensive view of their manufacturing processes, the platform offers invaluable KPIs such as reduced energy usage or operational cost savings for timely decisions about process improvements or problem resolution actions which helps improve overall performance at a lower cost per unit produced,. Seeq’s analytics technology has allowed leading manufactures around the world operate with improved efficiency while reducing costs simultaneously.
Increased visibility
Seeq’s software platform provides manufacturers with comprehensive analytics capabilities, which give them increased visibility into their operations. By giving users the ability to quickly see and analyze a wide range of data points, they can easily identify areas where improvements can be made and respond quickly to changes in the manufacturing landscape. With this additional insight, Seeq’s users gain access to actionable information that guides their decision-making, allowing them to make more informed choices about how their operations are operated.
The software platform also provides detailed insights into production processes that can be used for predictive modeling and forecasting. This allows businesses to anticipate future problems and proactively address them before they have a significant impact on the manufacturing process. Additionally, advanced analytics enable users to measure performance across different time scales – such as month-over-month or year-over-year – so that they better understand any trends that may emerge over time.
By having greater visibility and understanding of operational performance, Seeq’s platform enables manufacturers to improve production efficiency by making quicker and more informed decisions based on real-time data insights. With this guidance at hand, businesses are better equipped to take advantage of new opportunities while achieving long term goals of increased efficiency in their business processes.
Improved accuracy
Seeq’s software platform enables manufacturers to ensure they have actionable and accurate insights into the performance of their assets and operations. This level of accuracy has been proven to reduce maintenance risks, improve safety, and increase transparency across the organization.
Seeq’s patented algorithms allow it to detect anomalies and provide context around an organisation’s activities in real time. With this data, manufacturers can better understand long-term trends and predict future outcomes. Being able to rapidly identify opportunities for cost savings or discrepancies in performance standards gives teams the opportunity to take corrective actions quickly and effectively.
Moreover, Seeq’s cutting-edge software platform makes use of Machine Learning (ML) technologies, allowing operators to leverage signal processing, anomaly detection, predictive analytics models, artificial intelligence (AI), IoT sensor data feedback loops and more in order to rapidly identify trends or issues that could undermine overall operations. Each tool helps enhance visibility into operations with greater insight into the underlying causes driving machine performance.
The margin for error is significantly reduced when utilising such sophisticated technologies – leading users towards optimal optimization throughout their entire systems stack which overcomes risks associated with poorly informed decisions based on inadequate insight. With Seeq’s platform deployed across a production floor it is possible for every team member from analysts to engineers access insights informing them how best tackle operational challenges.
Seeq lands $50M to grow manufacturing analytics software platform
Seeq recently closed a funding round at $50 million to grow its manufacturing analytics software platform. This major investment in the company will allow them to expand their product offerings and provide more robust services to its customers.
This funding round is a testament to the potential of Seeq’s platform and the benefits it can bring to companies in the manufacturing industry. Let’s explore what this funding round means for Seeq and its customers.
Details of the funding round
On May 28, 2019, Seeq Corporation, a software platform developed to improve the efficiency of manufacturing analytics, announced it had closed a $50 million funding round.
The round was led by Chevron Technology Ventures and Kineo Ventures and included participation from existing investors DFJ Venture Capital and Ignition Partners. This raises Seeq’s total venture capital to over $90 million since its founding in 2015.
The new funding will be used to expand the development of the Seeq software platform, which enables companies to gain insights from data collected in manufacturing plants. The software is designed to enable users to quickly interpret vast amounts of data into informed decisions on how to increase production rate, optimize process parameters and reduce costs.
Jim Dicke III, CEO of Seeq states “Manufacturers face growing expectations for rapid optimization of processes—from optimizing health, safety and environment (HSE) operations all the way to product quality and bottom-line profitability. Our software platform unlocks more information than ever before so that operations teams can explore insights more quickly—without having to rely on traditional IT or third-party consultants.”
He further commented “We look forward to leveraging our customer insights in building capabilities that span the entire value chain supporting complex industrial processes.” Working with these new partners will strengthen their ability “to expand our customer base even faster,” Dicke said.
How the funding will be used
With the $50 million in funding provided by a consortium of investors, Seeq plans to invest in strategic development and expansion of its analytics software platform that is used by leading process and discrete manufacturers. This will include expanding their workforce, developing new product capabilities, such as Manufacturing SaaS solutions delivered through the cloud, accelerating growth across industry segments and geographical markets, and forming strategic partner relationships.
The technology from Seeq enables manufacturers to quickly extract value from their data allowing better decision-making processes, less time spent searching for data points for trend analysis, faster home-time cycles for operators collecting readings on the manufacturing floor as well as helping customers better understand “the why” behind their success or failure in production quality or yield.
The funds will also be used to advance platform development to support a diverse set of industrial use cases including but not limited to predictive maintenance where end users are able to forecast and proactively manage equipment or materials before failure occurs; enhanced alarm management where industries easily manage false positive alarms; root cause investigations which provides an easier way to investigate issues quickly; enterprise asset management which enables industrial enterprises monitor operations while gaining insights into asset health; digital twin modeling which helps visualize what physically happens on remote systems operating between various geographies. These features will all be further developed on Seeq’s most recent release of their cloud-native solution.
Conclusion
In conclusion, Seeq’s manufacturing analytics software platform provides an invaluable resource to organizations looking to optimize operations. By providing timely and actionable insights, it helps drive increased productivity, quality, safety and cost savings.
The platform’s advanced features make it easy to identify KPIs, trends, root causes and outliers in data sets — in real time — helping decision makers quickly take strategic action. Through its cloud-based dashboard and multiple other tools, users can easily examine potential problem areas and identify ways to cut costs while improving efficiency.
Additionally, Seeq’s investments of $50M will ensure that the only limit its customers face is their imagination — enabling the optimization of any process or procedure within a manufacturing environment.
