Predixion Software

Predixion Software

Type	Private
Industry	Predictive Analytics Software
Founded	2009
Area served	Worldwide
Website	predixionsoftware.com

Predixion Software is a software company focusing on edge analytics for connected assets. It was founded in late 2009 and is headquartered in Aliso Viejo, CA.^[1][2][3]

Overview

Predixion RIOT™ enables users to gain real-time insights on IoT data when and where it is most impactful – whether on the device itself (RIOT Nano™), on the IoT gateway (RIOT One™), or with a consolidated view across multiple instances in an organization (RIOT Enterprise™). The Predixion RIOT family of products address the needs at all layers for edge analytics:

• Predixion RIOT One is a complete, self-contained real-time visual analytics platform which runs on the gateway, connects to thousands of devices and provides "instant-on" visual analytics with minimal configuration and setup. RIOT One provides user-driven visual analytics so a business user can gain instant insights into device operations, health and performance and easily apply new analytics to gain immediate insight for rapid decisions and actions. RIOT One runs at the edge, which is closer to the data, and can provide visual analytics directly from the gateway without requiring any cloud presence, thus providing quicker insight, and radically reducing the configuration and processing complexity compared to using a cloud-only analytics approach.
• Predixion RIOT Nano is a complete, self-contained, small foot-print real-time visual analytics engine which runs on a single device and provides immediate visual analytics and insights from device sensors. Predixion RIOT Nano provides on-device visual analytics or stream analytics to the gateway or cloud so a user can easily have visual insights from all connected devices.
• Predixion RIOT Enterprise is cloud-based and provides aggregated real-time visual analytics across all connected devices. Real-time analytics are streamed from gateways (enabled with RIOT One) and devices (enabled with RIOT Nano) to the cloud to provide a centralized view of the performance and insight of all connected devices.

History

2009 Predixion Software was established in late 2009 with four founding partners: Stuart Frost (founder of DATAllegro,^[4] acquired by Microsoft in 2008), Simon Arkell,^[5][6] Stephen DeSantis, and Jamie MacLennan^[7]

2010 The first product release was announced in September 2010;^[8] company closed its Series A Funding Round in October 2010 for $5 million led by DFJ Frontier.^[9]

2011 Predixion accepted into the EMC Select Program; EMC led company’s Series B Funding Round in September 2011 for $6 million.^[10]

Early 2012, company released predictive analytics solution targeting the healthcare^[11] industry’s hospital readmissions needs.^[12][13][14]

2013 The Readmissions solution earned the Microsoft Health Users Group Innovation Award in early 2013; company also launched a major platform release in April 2013.^[15] In August, Predixion closed largest funding round at $20 million^[16] for Series C led by Accenture and GE.^[17]

2014 In January, company released “Predixion in the Classroom”^[18][19] program allowing students and teachers free access to the Predixion Insight platform and all of Predixion’s labs, courseware and other materials for educational purposes. In March, Predixion Software named by Gartner a Significant Vendor in Gartner’s Magic Quadrant Report”.^[20] In April, Accenture launched new Life Sciences Solutions Accenture Digital.^[21][22] In June, company was recognized in the Advanced Analytics Market by Hurwitz & Associates”.^[23][24][25] In October, Predixion joined the New Salesforce.com Analytics Cloud Ecosystem,^[26] released version 4.0 of their flagship product Predixion Insight™.^[27][28] In December, the company relocated corporate headquarters to Aliso Viejo, CA in order to accommodate its rapid growth.

2016 In March 2016, Predixion Software named by Gartner a “Visionary Vendor in Gartner’s Magic Quadrant Report”.^[29]

Awards

• Trend-Setting Products in Data and Information Management for 2015 by Database Trends and Applications (December, 2014) ^[30]
• Microsoft Health Users Group Innovation Award^[31]
• Big Data 50 – selected as one of the hottest Big Data startups of 2014.^[32]
• CIO Review's 100 Most Promising Technology Companies (2014).^[33]
• Outstanding Technology CEO (Simon Arkell) from OC Tech Alliance (2014).^[34]

References

1. "Predixion Software Predictive Analytics Solutions Now Available for Deployment on Windows Azure". marketwatch.com. Retrieved 18 September 2014.
2. "Company Overview of Predixion Software, Inc.". businessweek.com. Retrieved 18 September 2014.
3. "Predixion Software". ge.com. Retrieved 18 September 2014.
4. "Microsoft Closes Acquisition of DATAllegro". microsoft.com. Retrieved 18 September 2014.
5. "Pervasive Prediction: Waiting is the Hardest Part". tdwi.org. Retrieved 18 September 2014.
6. "Turning the Predictive Analytics Model on its Head: A Spotlight Q&A with Simon Arkell of Predixion". b-eye-network.com. Retrieved 18 September 2014.
7. MacLennan, Jamie, Zhaohui Tang, and Bogdan Crivat. Data Mining with Microsoft SQL Server 2008. Indianapolis, IN: Wiley Pub., 2009. Print.
8. 3
9. "Predixion Software Finalizes Series A Financing—Raises $5 Million". ebizq.net. Retrieved 18 September 2014.
10. "Predixion Software, an Orange County, California-based developer of collaborative predictive analytics solutions, has raised $6m in Series B funding.". finsmes.com. Retrieved 18 September 2014.
11. "What can predictive analytics do for healthcare reform?". ehrintelligence.com. Retrieved 18 September 2014.
12. "Predictive analytics software provider to help hospitals improve outcomes raises $20M". medbill.net. Retrieved 18 September 2014.
13. "Predixion Software Demonstrating Preventable Readmission Healthcare Solution at HIMSS12". reuters.com. Retrieved 18 September 2014.
14. "Analytics startup Predixion conjures up $20M from Accenture, GE Ventures, & more". venturebeat.com. Retrieved 18 September 2014.
15. "Predixion Software Wins Microsoft Health Users Group Innovation Award". bloomberg.com. Retrieved 18 September 2014.
16. "Subscribe to Data Informed Advanced Analytics Adoption Still Low, an Opportunity To Get Ahead". data-informed.com. Retrieved 18 September 2014.
17. "Accenture and Predixion Software to Help Clients Reduce Cost and Time of Decision Making by Extending Advanced Analytics Solutions to Business Users". accenture.com. Retrieved 18 September 2014.
18. "Predixion Offers Free Analytics Software To Universities". informationweek.com. Retrieved 18 September 2014.
19. "Predixion Pushes Big Data Analytics Into Schools". cruxialcio.com. Retrieved 18 September 2014.
20. "SAS, IBM, RapidMiner, Knime leaders in Gartner MQ for Advanced Analytics Platforms". kdnuggets.com. Retrieved 18 September 2014.
21. "Accenture Introduces Predictive Health Intelligence Solutions". bigdata.com. Retrieved 18 September 2014.
22. "Accenture Introduces Predictive Health Intelligence Solutions to Help Life Sciences Companies Improve Patient and Economic Outcomes". accenture.com. Retrieved 18 September 2014.
23. "Advanced Analytics: The Hurwitz Victory Index". hurwitz.com. Retrieved 18 September 2014.
24. "Fixing readmissions with analytics". healthcarefinancenews.com. Retrieved 18 September 2014.
25. "Global Healthcare Analytics Market Report 2014 - Forecast to 2019". acnnewswire.com. Retrieved 18 September 2014.
26. finance.yahoo.com/news/predixion-software-joins-salesforce-analytics-121500922.html
27. http://insidebigdata.com/2014/10/17/predixion-insight-4-0-released/
28. http://www.reuters.com/article/2014/10/23/idUSnMKWdLw2za+1d0+MKW20141023
29. https://www.predixionsoftware.com/News/ID/137/Gartner-Positions-Predixion-Software-in-the-Visionaries-Quadrant-of-the-2016-Magic-Quadrant-for-Advanced-Analytics-Platforms
30. http://www.dbta.com/Editorial/News-Flashes/Trend-Setting-Products-in-Data-and-Information-Management-for-2015-100626.aspx
31. "Predixion Software Gets Microsoft Health Users Group Innovation Award". microsoft-news.tmcnet.com. Retrieved 18 September 2014.
32. http://startup50.com/
33. http://magazine.cioreview.com/August-2014/CIOReview100/
34. https://vimeo.com/110262308