Cat wishes to capitalise on information and innovation to support customers.
The new division will bring together people and resources to foster a culture with innovation at the core. It will also manage third party relationships with providers like Chicago, Illinois-based Uptake, which is a start-up with which Cat recently announced a technology and predictive analytics agreement. Cat will co-locate key employees with the Uptake team in Chicago to create a platform that takes massive amounts of data, combines it with data science to understand patterns and quickly deploys information to save customers money, optimize performance and prevent unplanned downtime.
Cat acknowledges that technology and information are the drivers of almost every industry and that they need to continue to be innovative. Cat will be able to transform the mountains of incoming data from single machines or engines, entire job sites, the supply chain, a shipping location and more, into valuable information for customers and suppliers more efficiently and effectively than anyone else. Source: www.cat.com