BURNABY, British Columbia, April 23, 2015 /PRNewswire/ -- Bit Stew Systems, a leader in Software Defined Operations for the Industrial Internet, is named to Greentech Media's prestigious Grid Edge 20 today as one of the top twenty innovators working to architect the future of the electric power industry.
About the Selection Process
Greentech Media has extensive industry reach and analytical expertise through ongoing interaction with power utilities as well as energy stakeholders and other thought leaders to identify the Grid Edge 20. Greentech Media's Grid Edge Executive Council members also voted to help determine the final award recipients. Awardees were selected based on their contribution to grid edge technology transformation, increasingly critical at a time when utility business models are facing change and more distributed energy resources are coming online. Other winners include: Duke Energy, Florida Power & Light, S&C Electric Company, Schneider Electric, SolarCity and Tesla.
"We're excited to be recognized on Greentech Media's Grid Edge 20 list, amongst other leading technology disrupters who are driving transformation in grid modernization," says Kevin Collins, CEO at Bit Stew Systems.
"Bit Stew has a proven history of helping utilities simplify the enormous data integration challenge of managing billions of data points in order to gain actionable insights," says Kevin. "Through data-driven automation, Bit Stew's mission is to remove the complexity of industrial operations and connected machines and give clarity and control back to our customers. Bit Stew is now extending its heritage and expertise in the utility industry to new markets such as oil and gas."
Bit Stew System's MIx Core is rapidly becoming the platform of choice for industrial enterprises seeking a comprehensive way to integrate, visualize and gain intelligence from their disparate data sources. Bit Stew's MIx Director, powered by MIx Core, is the application industrial companies rely on to provide actionable insights into their operations, assets and customers.
"The Grid Edge 20 is an annual benchmark for our industry," said Steve Propper, Director of Grid Edge at Greentech Media. "This year's group is made up of technology vendors making the greatest impact on the market in terms of deploying disruptive solutions commercially. It also includes utilities making smart investments to optimize their distribution network architecture and prepare for the future architecture of the grid."
Why Bit Stew was Selected
Bit Stew is being recognized for its software solutions ability to bridge utilities' disparate data and network systems to make sense of all the data utilities already have access to, but struggle to fully maximize. The company has made strides with utility partners to improve data visualization and enable the prioritization required to improve operator awareness and efficiency. Additionally, Bit Stew is one of the first data analytics firms to "scale down" its platform to operate at the edge of the distribution network, through its innovative work with Cisco. Bit Stew's MIx Core runs on Cisco's IOx technology, by embedding core technology on Cisco routers, providing data analysis at the edge of the network and in cloud-based systems – all in real-time. These innovations are creating market buzz as several major investor-owned utilities have contracted with Bit Stew in the last year to improve their situational awareness of natural disasters, such as forest fires, to the integration of distributed energy resources. This exposure for Bit Stew adds to its legacy customer base of AusNet Services, BC Hydro and other prominent energy companies.
The Grid Edge 20 is part of the Grid Edge program at Greentech Media, which includes original research from GTM Research, the Grid Edge Executive Council, events such as Grid Edge Live 2015, and ongoing news and multimedia coverage.
About Greentech Media
Greentech Media delivers business-to-business news, market analysis and conferences that inform and connect players in the global clean energy market. Our coverage area extends across the clean energy industry with a focus on solar power and the electric utility market's evolution. Greentech Media's industry-leading coverage is provided by a team of analysts from our market intelligence arm, GTM Research, as well as our world-class journalists and global network of expert contributors. Learn more at www.greentechmedia.com.
About Bit Stew Systems
Through data-driven automation, Bit Stew Systems removes the complexity of industrial operations and connected machines to give clarity and control back to the operator. Purpose-built for the Industrial Internet of Things, Bit Stew's MIx Core™ platform automates data ingestion, applies machine intelligence to learn patterns in the data, allowing industrial companies to discover actionable insights that optimize operational performance. MIx Director™ (formerly Grid Director™) is powered by the MIx Core platform, and is the application that industrial enterprises rely on for a contextual and real-time view of their operations, assets and customers. Incorporated in 2009, Bit Stew is a venture-backed private company that is headquartered in Canada with offices in the USA, Australia and Europe. Bit Stew was named on the Gartner Cool Vendors in Energy & Utilities list for 2014 and the Frost & Sullivan Entrepreneurial Company of the Year – North American Service Solutions for Utilities. Visit www.bitstew.com to learn more.