UCSB Startup Ecorithm Receives Frost & Sullivan Analytics Award

MOUNTAIN VIEW, Calif., Sept. 16, 2015 /PRNewswire/ — Based on its recent analysis of the advanced analytics market, Frost & Sullivan today announced that it is recognizing Ecorithm with the 2015 North American Frost & Sullivan Award for Visionary Innovation Leadership in Advanced Analytics. Ecorithm developed an extremely powerful platform that analyzes complex, dynamic systems with physics-based pattern recognition. Its True AnalyticsTM platform is both highly scalable and extremely flexible. Further, it has been built to process and analyze the vast quantities of data generated by the Internet of Things.

“Enabling the true potential of the IoT will require analytics platforms capable of processing massive quantities of data, of multiple types, from multiple sources, in real time,” said Frost & Sullivan Consultant Pramod Dibble. “Without the capacity to integrate cross-application data streams and automatically optimize complex systems, much of the value of the IoT concept is lost. Ecorithm is unique in its ability to accomplish these goals.”

Ecorithm’s patented approach provides automated fault detection, predictive analysis, and effectively eliminates the false positives that often plague analytics for complex systems. The True Analytics Platform does not require expensive hardware or time-consuming and costly programming customization. Ecorithm has initially focused on commercial buildings, because the systems are extremely variable, interdependent, and are huge consumers of energy. By operating in such a multifaceted environment, Ecorithm has been able to showcase the power of its platform. Ecorithm is now being asked to apply its solution to other complex systems in wholly disparate markets, many of which will arrive via IoT.

“We knew that the technology that began in co-founder Dr. Igor Mezic’s lab could be realized as a big data analytics solution for buildings and beyond,” said Chris Tagge, Ecorithm’s president and co-founder. “We thank everyone at Frost & Sullivan for recognizing the visionary innovation of Ecorithm’s True Analytics Platform with this prestigious award. Finally, we are extremely proud to be a part of a remarkable group of companies honored by Frost & Sullivan in 2015.”

Each year, Frost & Sullivan presents its Visionary Innovation Leadership Awards to companies that demonstrate the vision to leverage global Mega Trends and integrate strategically into processes to achieve excellence. The Award recognizes the efficacy of the recipient’s innovative process and the impact it has on business and society at large.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Ecorithm

Ecorithm, Inc., based in Santa Barbara, Calif., developed an extremely powerful analytics tool that analyzes complex, dynamic systems. Through its physics-based pattern recognition, Ecorithm’s True Analytics™ Platform provides automated fault detection, predictive analysis and no false positives. The technology was originally developed and commercialized for the stabilization of jet engines and is currently being applied to mechanical systems in buildings. The True Analytics Platform is also being rolled out to many other data-producing systems across the Internet of Things (IoT). For more information, please visit ecorithm.com

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John Gallagher, (212) 681-1380, jgallagher@mercuryllc.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.