Accelerating Digital Transformation for Asset-Intensive Industries Strengthened by Uptake Acquisition of ShookIOT

By Michael Guilfoyle

Category:
Acquisition or Partnership

Uptake announced its acquisition of Edmonton-based ShookIOT, a player in cloud-native data integration and integrity, strengthening its capabilities to accelerate digital transformation in asset-intensive industries.  Bridging the data gap between OT and IT, the ShookIOT and Uptake combination helps simplify data Digital Transformation for Asset-Intensivemigration for easy deployment of Uptake’s Industrial AI applications.  The chemical, oil & gas, and process industries can now cost-effectively clear the primary obstacle in the pursuit of digital transformation: the liberation of clean time-series data from individual assets to the cloud enabling advanced analytics and augmented decision-making.

ShookIOT was founded by Leanna Chan and Dr. Dave Shook, two former Matrikon (now a part of Honeywell Advanced Solutions) executives who led the development of data ingestion software for asset-intensive industries.  Responding to the opportunity of the cloud for industrial connectivity, ShookIOT specializes in data collection for enterprise-wide digital workstreams, providing data management and industrial intelligence software to global process companies.

The combined offerings of Uptake and ShookIOT are available via direct deployment or through the Microsoft Azure marketplace.  Products include Uptake Fusion Powered by ShookIOT, enabling scalable cloud data historian capabilities, as well as Uptake Connectors and Uptake Elevate for easy connectivity and integration.  Uptake Lenses, a vendor-neutral object model that organizes, unifies, and contextualizes industrial data, is also offered as a supporting component of Uptake Fusion.  Either in the customer’s or Uptake’s Azure tenant, setup and data migration are simple.

Empowering organizations to move industrial data from one site to many, and operational data from many sites to one, the combined offerings provide company-wide visibility into performance at the component, asset, process, plant, and enterprise levels.  Once in the cloud, data is prepared for operational applications, including Uptake’s Industrial AI, to assure production levels and quality, prevent unplanned downtime, and mitigate operational risk.

Michael Gullifoyle, ARC Advisory Group, commented, “Time-series data is a crucial element for realizing the benefits that AI and other digitally-driven innovation provide.  Yet, asset-intensive companies struggle to access, secure, move, and manage this data in a cloud environment, and this inability severely limits their capacity for innovation.  Industrial companies that can target and overcome these specific gaps, such as data portability, and the solution providers that can help them do so, demonstrate how digital transformation will move from vision to reality.  ShookIOT customers Chevron, Enerplus Corp., and Ensign Drilling are examples of that possibility.”

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