International Innovation Challenge focusing on connectivity, simplicity, and intelligence was arranged by ABB Drives in spring 2017. Organizers from IdeaHub received over 100 applications from different companies around the world. Top 10 companies were invited to the final event at Ace Hotel London on April 20th. Among them Quva was one of the few industrial big data analytics companies selected.
"This shows us that we are heading to the right direction with our Quva® Flow proactive alarm system", commented Juho Liljeroos, Business Development Director of Quva Oy.
Every company had a chance to pitch their own innovation to ABB Drives decision makers.
"We had a 40-minute timeslot, which is quite a long time for a pitching competition, but in the end, it was too short because of all the good questions from ABB Drives personnel", said Tapio Manninen, Director of Big Data Analytics.
Quva Oy develops and offers its proactive alarm system Quva® Flow, which is optimized for industrial environments with constant data streams and growing efficiency pressures.
Juho Liljeroos (left) and Tapio Manninen from Quva Oy.
About Quva
Quva Oy is a Finnish industrial big data analytics company. Quva® Flow SaaS increases productivity of process manufacturers by automatically refining their data into meaningful information for decision support. Main application areas for service are predictive quality assurance, predictive maintenance, and process optimization. Quva's customers include several international stock listed companies such as SSAB, Outokumpu, Outotec, and ABB. www.quva.fi/en
About ABB
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com
About IdeaHub
The IdeaHub is an innovation platform from Venturebright, a venture development and innovation consultancy whose founders have a cumulative 50 years of experience in successfully building and launching new business ventures.