FREMONT, CA, October 15, 2009 - Space Time Insight today announced it has been selected as a Finalist for Commercial Technology of the Year in the 11th Annual Platts Global Energy Awards.
Established in 1999, the Platts Global Energy Awards has become the most recognized awards program in the industry and recognizes innovation, leadership, and superior performance in categories spanning the entire energy industry.
Finalists in 17 performance categories were chosen from a list of over 200 nominations, based on the criteria for each category, taking into consideration the company's profile and financial performance from within the designated time-frame.
"Space-Time Insight is honored to be selected by the Platts Global Energy Awards as a finalist for Commercial Technology of the Year," said Mark L. Feldman, PhD, CEO, Space-Time Insight. "The Platts Global Energy Awards are among the highest honors in the energy industry worldwide."
About Space-Time Insight:
The Space-Time Insight platform and composite applications provide companies in critical infrastructure sectors with real-time, location-based and condition-based visual analytics displayed on interactive 3D satellite images for fast, informed decisions and timely responses to shifting conditions and critical events. These geo-aware, packaged solutions provide operators with high-context, real-time situational awareness and geo-links that launch multiple processes to quickly prevent, mitigate or remediate situations directly from the same portal. Further, automated compliance reporting simplifies adherence to regulatory guidelines, while full-context replay supports informed forensics, audit, planning and problem solving.
Core functionality includes high performance space-time processing combined with aggregation and integration of data and functionality from real-time data feeds (weather, remote sensors, video, traffic), applications, and databases throughout the enterprise to ensure all available information relevant to an event or asset is captured - in context- for fast, informed decision-making. Space-Time Insight correlates the data against operations rule-sets to produce relevant and timely visual notifications, alerts, geospatial analytics and asset operating status relative to key performance indicators (KPIs). Data is intuitively displayed on an interactive satellite image with geo-links to real-time work processes. This gives each operator high-context situational awareness for location and condition-based decision-making and confident action-taking. Real-time geo-links to underlying enterprise applications and on-screen, pop-up remedial action scripts (RAS) trigger information-rich workflows for preventive action, mitigation of evolving situations or remediation identified problems. The pop-up scripts enable faster action-taking in parallel processes and include automated incident reporting for compliance purposes, as well as automated documentation of remedial action taken. Playback of events in full-context enables audit, forensics, problem-solving, planning and training. Integration of space-time functionality on mobile devices and GPS units for real-time, on-demand and disconnected-mode situational awareness is available. Field engineers and off-premise employees can retrieve and update situational data in real time for actionable control room intelligence.
Space-Time Insight was founded in 2004, as Enterprise Horizons, a business intelligence consultancy. The software developed during that period was integrated into a stable, off-the-shelf, real-time, geospatial platform and a set of solution composites released in February 2009 for sale to electric utilities. Version 3.1 was released in September 2009. Space-Time Insight's enterprise software customers are industry-leading utilities and independent systems operators, including Entergy, San Diego Gas & Electric, California ISO, and Florida Power & Light. Additional information is available at http://www.spacetimeinsight.com.
About Platts:
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.
