Datawatch Corporation, a leading global provider of visual data discovery solutions, announced today that it has joined the Industrial Internet Consortium (IIC), a non-profit partnership of industry, government and academia formed to advance the wide-spread use of interconnected machines, intelligent analytics and people at work.
Datawatch will bring its vast expertise in real-time data analytics and visualization to help develop best practices, reference architectures, case studies and interoperability standards for Industrial Internet applications. The “Industrial Internet” is the integration of complex physical machinery and devices with networked sensors and software, used to predict, control and plan for better business and societal outcomes.
“As a leading visual data discovery solution provider, Datawatch is already very much involved with Industrial Internet technologies,” said Dr. Richard Soley, executive director of the Industrial Internet Consortium. “We’re excited to have Datawatch as a member and look forward to their contributions to IIC working group activities.”
“Datawatch brings unique insight on how to handle the massive analytic challenges, through the use of visual data discovery, from the explosion of real-time data from interconnected machines, sensors and people,” said Dan Potter, vice president, product marketing for Datawatch. “We are honored to participate in influencing the development of global standards and technologies for next-generation internet and industrial systems.”
About the Industrial Internet Consortium (IIC)
The Industrial Internet Consortium™ (iiconsortium.org) is the open membership, not-for-profit organization that catalyzes and coordinates the priorities and enabling technologies of industry, academia and the government around the Industrial Internet. Announced in March 2014, the IIC will systematically address the complexities of the Industrial Internet, leading to faster adoption, deployments and transformational business outcomes across the globe.
About Datawatch Corporation
Datawatch Corporation (datawatch.com) provides visual data discovery software that optimizes any data regardless of its variety, volume, or velocity delivering next generation analytics to reveal valuable insights for improving business. Its unique ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files and EDI streams with real-time streaming data into visually rich analytic applications allows users to dynamically discover key factors that impact any operational aspect of their business. This ability to perform visual discovery against any data sets Datawatch apart in the big data and visualization markets. Organizations of every size, worldwide use Datawatch products, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies and the acquisition of Panopticon; the volatility of Datawatch’s stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch’s dependence on the introduction of new products and possible delays in those introductions; competition in the software industry generally, and in the markets for next generation analytics in particular; Datawatch's dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales and operations; risks associated with indirect distribution channels and co-marketing arrangements, many of which were only recently established; the adequacy of Datawatch’s sales returns reserve; risks associated with a subscription sales model; Datawatch’s dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch’s technology systems that may result from a natural disaster, cyber-attack or other catastrophic event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September 30, 2013 and Form 10-Q for the quarter ended December 31, 2013. Any forward-looking statements should be considered in light of those factors.
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