Caterpillar Inc. and StatSoft Inc., announced a collaboration to develop and market software solutions for the modeling, optimization and simulation of complex manufacturing processes.
These software solutions will be based on the integration of Caterpillar's patent-pending analytic processes into the industry-leading suite of STATISTICA enterprise analytics software. StatSoft will market and support the solutions, beginning in late 2004 or early 2005.
Caterpillar's cutting-edge analytic processes are used to effectively simulate, predict, and optimize the outcome of complex manufacturing processes. These analytic processes have been developed and validated at Caterpillar's Technical Center.
"Caterpillar is recognized worldwide for design and manufacturing of machines and engines. What is not so widely known is the tremendous amount of technology coming from our research and development team that makes those industry-leading products a reality," commented Mark Pflederer, chief technology officer and vice president of Caterpillar's Technical Services Division. "The alliance with StatSoft is an example of adding value to Caterpillar's research accomplishments by commercializing selected technologies for potential use in other industries."
The software solutions are expected to allow organizations to:
* Simultaneously monitor large numbers of process parameters;
* Reduce time and expense by predicting likely failures before they actually occur in final product testing;
* Perform effective root-cause analysis for determining causes of quality or performance problems;
* Enable "what-if" analyses and optimization.
"This partnership will combine and leverage the world-class know-how of Caterpillar for creating and implementing efficient and high-quality solutions for manufacturing and logistics, with StatSoft's cutting-edge, open-architecture STATISTICA enterprise software technologies and predictive analytics," says Dr. Thomas Hill, Vice President of Product Development at StatSoft.
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For more than 75 years, Caterpillar Inc. has been building the world's infrastructure and, in partnership with its worldwide dealer network, is driving positive and sustainable change in every continent. With 2003 sales and revenues of $22.76 billion, Caterpillar is a technology leader and the world's leading manufacturer of construction and mining equipment, clean diesel and natural gas engines and industrial gas turbines. More information is available at www.cat.com.
StatSoft, Inc.
StatSoft, Inc. (www.statsoft.com), founded in 1984, is now one of the largest producers of enterprise and desktop software for Data Analysis, Data Mining, Quality Control/Six Sigma, and Web-Based Analytics. Its products are used worldwide at most major universities, corporations, and government agencies and are distributed and supported with training and consulting services by a worldwide network of StatSoft subsidiaries on all continents and a large number of authorized distributors. STATISTICA has received the highest rating in EVERY comparative review in which it has been featured since its first release in 1993.
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