We’ve introduced several of the key figures within Bit Stew and shared with you the ways they are working to bring the IIoT to fruition, particularly within the energy sector.
I had a chat with Kevin Collins, CEO of Bit Stew to discuss the next opportunities for the company:
“It’s an exciting day at Bit Stew, with the announcement of additional funding from Cisco Investments and GE Ventures. With this support, we will continue to bring our experience in managing massive data sets and optimizing edge and fog computing to automate industrial operations in utilities and other industries as well.”
Kevin told me that the new funding will help fuel Bit Stew’s ongoing technology innovation and customer adoption: “This investment will open doors to new market opportunities for Bit Stew, and positions the company as a global leader in Software Defined Operations for IIoT. Bit Stew has quickly become the hot company to watch”.
Bit Stew was recently recognized to Greentech Media’s prestigious Grid Edge 20 list, as one of the top 20 innovators architecting the future of the electric power industry, along with Tesla, Duke Energy and SolarCity. “Making the Grid Edge 20 provides validation of our strong market traction, and is a tribute to what we’ve achieved since Bit Stew was incorporated in 2009. It also serves as a reminder of the responsibility we have to our utility customers, partners, and the industry as we work towards transforming the power sector to one that is more efficient, reliable and agile.”
Purpose-built for the Industrial Internet
The MIx Core platform is the culmination of years of industry-hardened machine learning derived from trillions of data points analyzed throughout the utility and oil and gas industries. Purpose-built for the Industrial Internet, MIx Core processes and analyzes greater volumes of data than most of the largest social networks in the world every day.
Bit Stew’s MIx Core takes full advantage of Cisco’s IOx technology, by embedding its core technology inside Cisco fog devices, providing data analysis at the edge of the network and in cloud-based systems – all in real-time. Running MIx Core in the “fog” brings a significant new advantage for organizations that are dealing with massive amounts of data running on complex networks in the IIoT
“Bit Stew’s collaboration with Cisco and the synergy between our Mix products and Cisco’s IOx platform has allowed us to utilize fog computing to completely revolutionize the way the energy sector operates,” Kevin said. “By using the edge of the network in the computing and analysis process, together we can create instant intelligence that is shared simultaneously in the operations center and in the field. This contextual analysis of industrial operations enables decision-making with a confidence that wasn’t necessarily available before. This expanded awareness results in increased up-time, faster issue resolution and optimized dispatch of resources,” adds Kevin.
Clearly Bit Stew is going places. And not just with utilities anymore. Find out more here:
- Listen to a recent interview with Kevin Collins and Matt Erickson of Cisco from the floor of DistribuTECH: Fog Computing Becomes Clearer with Cisco IOx Solution.
- Check out the interview with Franco Castaldini, VP, Marketing at Bit Stew Systems: Bit Stew and Cisco collaborate to bring intelligence and automation to the digital oil field
You can read more about Bit Stew here: Cisco and Bit Stew Edge: Thought Leadership Cisco and Bit Stew Distributed Intelligence Unlocking the Benefits of the Industrial Internet
Here’s the Press Release from Bit Stew about their Series B funding from investors today, May 12th, 2015: Bit Stew Systems Closes $17.2 Million in Series B Funding
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