Ctrl2GO's Predictive Software has helped its Clients Cut Equipment Maintenance Costs by 20% in 2020

Ctrl2GO | October 05, 2020

Ctrl2GO, the global provider of predictive analytics and maintenance services, has helped its clients cut equipment maintenance costs by 20% in 2020. Such figures were attained on average by enterprises in the machine-building, oil and gas, energy and other industries, which have implemented Ctrl2GO PMM software (Predictive Maintenance and Monitoring) in their operational processes. The solutions developed by Ctrl2GO are designed to efficiently process and analyze big industrial data, assessing the technical condition of the equipment and predicting its potential behavior. Such an approach allows companies to streamline maintenance processes, extend overhaul intervals, and prevent up to 80% of equipment malfunctions.

Spotlight

By now, most industries recognize that "big data" and analytics can boost productivity, make processes more visible, and improve predictions of behavior. "Analytics will define the difference between the losers and winners going forward," says McKinsey Director Tim McGuire. In this video, he explains how to start thinking about analyzing data, and how to address the key strategic and organizational challenges of implementation by focusing on "the right data, the right modeling capability, and the right transformational methods to have your people act differently and make decisions differently."

Spotlight

By now, most industries recognize that "big data" and analytics can boost productivity, make processes more visible, and improve predictions of behavior. "Analytics will define the difference between the losers and winners going forward," says McKinsey Director Tim McGuire. In this video, he explains how to start thinking about analyzing data, and how to address the key strategic and organizational challenges of implementation by focusing on "the right data, the right modeling capability, and the right transformational methods to have your people act differently and make decisions differently."

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BUSINESS STRATEGY

Netsmart Announces the Skilled Nursing Industry’s Only Data Analytics Solution with a Complete View of Claims, MDS and Staffing

Netsmart | August 09, 2022

Netsmart announced today it has acquired CORE Analytics, the industry-leading skilled nursing facility (SNF) claims data analytics offering from Zimmet Healthcare. With the addition of Core Analytics, Netsmart Simple™ is now the only solution suite in the market capable of calculating quality measures and Five-Star ratings leveraging Minimum Data Set (MDS), Payroll-Based Journaling (PBJ) and UB-04 claims data. This new offering will enhance the Netsmart CareFabric® platform to expand data solutions and services for post-acute care organizations in the areas of quality measures reporting, benchmarking, assessment data and scrubbing, while increasing the quantity and quality of required data for health plans, Medicare and Medicaid. Through this acquisition, Netsmart now offers the most comprehensive SNF data analytics solution to integrate clinical, staffing and financial data to provide better intelligence and reimbursement optimization, with the aim of saving time for clinical and reimbursement staff. The acquisition further establishes Netsmart as a leader in the SNF market by providing technology and services to more than 50% of SNFs across the nation. Analytics are needed more than ever in the rapidly evolving and complex ecosystems of value-based care for post-acute providers, and Netsmart plans to continue to extend this same approach to all community care providers beginning with home health and hospice providers. CORE brings three new solutions into the CareFabric platform. CORE Reimbursement identifies Patient-Driven Payment Model (PDPM) revenue opportunities through logic testing and benchmarking. Value-Based Post-Acute eXchange (VPAX) measures clinical and financial outcomes necessary to demonstrate value to at-risk referral partners. Additionally, Medicare Advantage Post-Acute eXchange (MAPAX) quantifies clinical and financial performance, delivering the healthcare industry’s first claims-based intelligence and meaningful utilization data on current SNF-MA reimbursement, outcomes and value-proposition. “The integration of the CORE solutions within the Netsmart CareFabric platform, specifically with the Netsmart Simple data solutions, will change the way we support providers by connecting all of the solutions needed to unlock the full potential of claims data. “Through this collaboration with Netsmart, we can expand the capabilities of our comprehensive tools to unite the clinical, claims and staffing data to provide a holistic view of an organization. Our clients will be able to rely on the same tools and support they’ve come to expect, with the ability to leverage solutions across the Netsmart CareFabric platform.” Zimmet Healthcare President & CEO Marc Zimmet In addition to this acquisition, Netsmart and Zimmet Healthcare have entered into a collaboration to offer consulting services and referrals for the clients and communities they serve. Through this relationship, the organizations will continue to collaborate on ways to utilize the CareFabric technology portfolio and the Zimmet Healthcare domain expertise to develop and enhance each party’s solution. “The Netsmart and CORE teams share a mutual dedication to providing data solutions to inform and equip business decisions,” said Netsmart CEO Mike Valentine. “This commonality of values will further scale the Netsmart data suite to better support and help skilled nursing facilities thrive with transforming payment models. In the pursuit of organizational excellence, by combining the claims and MDS data set we can help our clients tell a complete story of the value of the care they deliver. This partnership combines the solutions to do just that.” About CORE: Z-CORE Analytics, LLC CORE Analytics is a scalable data intelligence software as a service solution providing market insights, reimbursement optimization, comparative analytics and risk management to the post-acute care industry. The company was developed by Zimmet Healthcare and automates elements of longstanding proprietary, proven consulting services. CORE builds a facility-specific, accretive claims database with current utilization as the foundation. For more information, visit www.zcoreanalytics.com. About Netsmart Netsmart, a leading provider of Software as a Service (SaaS) technology and services solutions, designs, builds and delivers electronic health records (EHRs), health information exchanges (HIEs), analytics and telehealth solutions and services that are powerful, intuitive and easy-to-use. Our platform provides accurate, up-to-date information that is easily accessible to care team members in the human services and post-acute care (which is comprised of skilled nursing, home care, hospice, palliative and senior living) markets. We make the complex simple and personalized so our clients can concentrate on what they do best: provide services and treatment that support whole-person care.

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DATA SCIENCE

Wejo Launches Wejo Labs

Wejo Group Limited | June 24, 2022

Wejo Group Limited, a global leader in Smart Mobility cloud and software solutions for interconnected, electrified, and self-driving car data, announced the establishment of Wejo Labs today. Wejo Labs is a cloud-based platform that enables researchers and data scientists from universities, research organizations, and civil and traffic engineering consultancies to conduct large-scale traffic and mobility studies using accurate Connected Vehicle Data (CVD) from tens of millions of connected vehicles in the United States and Europe. Wejo Labs can conduct traffic and mobility research by configuring CVD on vehicle events. In order to promote safety improvements, queries on this data can lead to a better understanding of how road conditions impact driving behaviors, confirm weather conditions with hyper-local data points, assess parking patterns, and recognize routes where hazardous driving happens most frequently. Users can also utilize the CVD to analyze vehicle movements for perspectives into routes and trips, improving origin-destination studies, congestion management, event planning, and high traffic locations. “Part of our smart mobility for good mission at Wejo is to democratize access to the power of connected vehicle data. With Wejo Labs, users can easily experiment with one of the most innovative data sources in the world to create proof of concepts using innovative technology that keeps their research and data analysis ahead of the curve to help shape the future of traffic and road safety. With this platform, researchers’ leverage billions of data points to design future-proof traffic systems and drive the future of smart mobility,” Richard Barlow, Founder and CEO of Wejo. Wejo Labs customers can also explore, query, and analyze CVD using their choice of programming language. Data outputs can then be presented in a variety of ways, such as bar graphs, heat maps, and map layers, to interactively and visually examine data over a specific time period. The platform streamlines the process for users by importing the data for them, geofencing it depending on location and time zone, and then giving them all of the required tools for analysis, with additional help from Wejo's in-house data analytics team.

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BIG DATA MANAGEMENT

Pivotree and Leading Industrial Buying Group IBC Announce New Data-as-a-Service (DaaS) Partnership

Pivotree | August 01, 2022

Pivotree Inc., a leading provider of frictionless commerce solutions, announced today it has been selected since March 2022 by IBC Industrial Supply Plus Inc ("IBC") to provide end-to-end data management services that will assist them in delivering organized, sustainable content to drive customer satisfaction. Pivotree's team of experts will support IBC in conversion of SKU's and support the ongoing data cleansing process utilizing Pivotree's proprietary IP Platform to automate the classification, data mapping, and normalization of supplier data into the IBC PIM data standards. IBC is an industrial buying group and provider of Maintenance, Repair, Operating and Production (MROP) supply chain solutions. IBC leverages the individual strengths of its buying group members to drive overall business success for Manufacturers, Independent Distributors and End Users. Its network includes Independent Distributor locations throughout North America and in parts of Canada and Mexico. "Data management is a foundational component of any retailer's digital transformation journey and a strategic pillar of Pivotree's frictionless commerce strategy. "IBC recognized the need for Pivotree as an experienced strategic partner to help them realize their ambitious data management and digital transformation goals, that will enable them to provide distributor members, supplier partners, and end-user manufacturers, with a frictionless experience to support their success." Vincent Maurici, Vice President, Strategy & Solutions, Pivotree "In our line of work, having a consistent data supplier partner with the technology to quickly scale and onboard product information in an automated manner has been invaluable in reducing our costs and ensuring we get normalized rich-content data to our distributor as quickly as possible,'' said Scott Bebenek, Vice President Industrial Buying Group, IBC. "We're confident we've found that partner in Pivotree because of their capability to handle enterprise and product data content from start to finish and we've been very pleased with the quality and turnaround time of their work thus far." Pivotree is equipped to design and deliver all the aspects of the product content lifecycle which helps to enhance customer experience and loyalty. Pivotree will implement a content personalization strategy to encourage content quality improvement and develop more engaging digital experiences for IBC clients. Pivotree's portfolio of products, managed and professional services help provide B2B2C digital businesses with true end-to-end service to manage complex digital commerce platforms, along with ongoing support from strategic planning through product selection, deployment, and hosting, to data and supply chain management. About Pivotree Pivotree, a leader in frictionless commerce, designs, builds and manages digital platforms in Commerce, Data Management, and Supply Chain for over 250 major retail and branded manufacturers globally. Pivotree's portfolio of digital solutions, managed and professional services help provide retailers with true end-to-end solutions to manage complex digital commerce platforms, along with ongoing support from strategic planning through platform selection, deployment, and hosting, to data and supply chain management. Headquartered in Toronto, Canada with offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized as a high-growth company and industry leader.

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