For Worldwide Release: September 2017
Release Number: 465PR17
Caterpillar positioned to help customers win in the Industrial Internet of Things
In the digital age, the world is transforming at a rapid pace, especially in industry with the deployment of the Industrial Internet of Things. That’s the same for Caterpillar customers and the industries they serve. Caterpillar is merging deep domain expertise with digital technologies to create solutions that help customers improve their business operations and better manage risk.
Caterpillar is announcing Cat® Connect for Energy and Transportation. This is a portfolio of industry specific digital offerings of technologies and services geared towards helping Caterpillar customers be successful. These digital services expand the services offered to customers, enabling the ability to remotely monitor, locate and manage their critical assets from vessels to generator sets to natural gas compressor stations and beyond.
Caterpillar started on the journey of digitization in the early 90s when the Internet changed the way Caterpillar employees started to imagine how they would be able to support their customers. Since then, we’re using technology to predict and plan maintenance, optimize supply chain delivery of parts, dispatch service technicians, take equipment inventories, improve our product development velocity and more. With the worldwide Cat dealer network, Caterpillar is transforming the way to help customers succeed.
“Within the Energy and Transportation businesses, Caterpillar has been active in honing its capabilities, partnering with customers to refine technologies, and developing digital services to deliver real business results,” said Terri Lewis, Energy & Transportation Director of Digital and Technology at Caterpillar. “Digital technologies are becoming commercially viable for our industries, and there is growing acceptance by users, so we’re seeing an acceleration of deployment. It's no longer a question of why, or when, but more about here and now. Any businesses that do not adopt quickly will not be competitive for very long.”
Caterpillar as a whole is supporting many customers over many applications:
- Over 500,000 connected assets, the largest connected industrial fleet in the world.
- Over 200,000 electronic inspections are performed annually through the Cat Inspect Mobile App.
- Over 6 million fluid samples are analyzed annually through the S·O·SSM Services program.
- Ten industry specific apps and growing.
Caterpillar is also working to retrofit older machinery with sensors and analytics technology, with a whole line of AssetIQ™ kits to make older equipment smarter.
“Our success starts with the capabilities of our people and our dealers. Each of our industry groups has a dedicated digital organization whose people combine deep expertise in the industry and in digital. We've complimented that foundational capability with investments,” said Lewis. “We’ve invested in R&D, made acquisitions of best-in-class companies and strengthened our partnerships. There is a particular emphasis being given to data management and cyber security. Our Data Principles can be summarized as Your Data, Our Values.”
For Caterpillar, digital is a new way of delivering services, improving equipment management, increasing productivity, enabling improved safety and creating new ways to improve sustainability.
For more information about Cat Connect for energy and transportation, please visit http://www.cat.com/en_US/support/operations/cat-connect-solutions/energy-transportation.html.
About Caterpillar
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
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