SYS-CON MEDIA Authors: Xenia von Wedel, Peter Silva, Glenn Rossman, Ava Smith, Elizabeth White

News Feed Item

LumaSense Introduces Sensor Analytics Initiative to Prevent $1.2 Trillion Lost Annually to Industrial Waste and Inefficiency

LumaSense Technologies, Inc. Helps Global Energy and Manufacturing Companies Awaken Their "6th Sense" Using Our LS6 Sensors Coupled With Industrial Big Data

SANTA CLARA, CA -- (Marketwire) -- 01/24/13 -- LumaSense Technologies introduced today, at its inaugural 6th Sense Summit, an Industrial Analytics initiative aimed at helping resource-intensive global companies awaken their 6th Sense™ to detect, reduce and ultimately, prevent an estimated $1.2 trillion lost annually to waste and inefficiency. LumaSense customers in Global Energy, Industrial Materials and Advanced Technologies markets can realize these bottom-line savings using our sophisticated LS6 sensor-based systems coupled with Industrial Big Data.

Experts estimate that industrial companies lose approximately 5% of their resources due to waste and inefficiency. This includes raw material waste from inefficient processes as well as aging plants, infrastructure, and equipment. According to the CIA World Factbook, gross world product (GWP) was roughly $80 trillion in 2011, with industry accounting for nearly 30% of the total or approximately $24 trillion. Preventing 5% of industrial waste and inefficiency translates into a potential savings of $1.2 trillion and could eliminate a considerable drag on global productivity.

"Inefficiency not only affects a company's bottom line, it also impacts consumers in the form of higher prices and impedes a nation's economy by lowering global competitiveness," said LumaSense CEO Vivek Joshi. "Customers like Corning, GT Crystal and Samsung report that our LS6 sensors eliminate a significant percentage of readily preventable waste. Add the efficiency gains that can be achieved by integrating advanced sensor technology with the data collection and analysis made possible by systems like our LumaSpec software, and the possibility for efficiency improvements is compounded."

LumaSense offers numerous solutions from temperature-sensing pyrometers used in the manufacturing of super-thin glass for mobile phones and tablet computers to dissolved-gas analysis (DGA) technology to help electric utilities maintain transformers and keep the energy grid running strong. LumaSense LS6 sensor systems, LumaSense software and 6th Sense platform solutions help the world's leading companies enhance their core manufacturing processes.

"Our mission is to help companies awaken their 6th Sense so they can gain better insight into their industrial processes and regain some of the $1.2 trillion outflow in annual productivity losses," said Joshi.

LumaSense invites customers and partners in the Global Energy, Industrial Materials and Advanced Technologies markets to join the 6th Sense Industrial Analytics Initiative to achieve immediate, progressive and enduring performance gains validated via the company's groundbreaking LS6 Predictable Efficiency Index.

About LumaSense Technologies™
LumaSense Technologies, Inc. is one of the world's most trusted providers of innovative temperature and gas sensing devices. LumaSense's resource-intensive customers in Global Energy, Industrial Materials and Advanced Technologies harness their Industrial Big Data using the company's proven systems, software and platforms to detect, reduce and prevent waste and inefficiency. LumaSense LS6 sensor systems and LumaSpec software solutions awaken industrial 6th Sense that empowers customers to achieve progressive and lasting performance gains. With offices in Asia, Europe and the Americas, LumaSense serves many of the world's largest industrial companies. For more information about LumaSense Technologies, visit www.lumasenseinc.com.

* Global statistics from the CIA World Factbook

Add to Digg Bookmark with del.icio.us Add to Newsvine

CONTACTS:
Sujeet Karna
LumaSense Technologies
Email Contact
+1.480.788.7855

Steven Beedle
ZNA Communications
Email Contact
+1.831.901.9333

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device exp...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps,...
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
"Cloud consumption is something we envision at Solgenia. That is trying to let the cloud spread to the user as a consumption, as utility computing. We want to allow the people to just pay for what they use, not a subscription model," explained Ermanno Bonifazi, CEO & Founder of Solgenia, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. Acco...
"For the past 4 years we have been working mainly to export. For the last 3 or 4 years the main market was Russia. In the past year we have been working to expand our footprint in Europe and the United States," explained Andris Gailitis, CEO of DEAC, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
High-performing enterprise Software Quality Assurance (SQA) teams validate systems that are ready for use - getting most actively involved as components integrate and form complete systems. These teams catch and report on defects, making sure the customer gets the best software possible. SQA teams have leveraged automation and virtualization to execute more thorough testing in less time - bringing Dev and Ops together, ensuring production readiness. Does the emergence of DevOps mean the end of E...