Formant introduces advanced analytics feature that allows users to gather more data insights

Formant, a San Francisco-based cloud robotics platform, recently announced the launch of its Formant Analytics feature to help robotics companies optimize fleet performance, make data-informed business decisions and easily prove ROI.

In response to the growing demand for data-driven insights in robotics, the company has developed Formant Analytics, a comprehensive platform to empower robotics companies and integrators to make informed decisions regarding robot productivity, efficiency and operational cost reduction.

Formant Analytics utilizes the power of AI, allowing users to gain insights with a simple request; everyone from engineers to business executives can use Formant Analytics to get the most out of their data.

Key highlights of Formant Analytics

"Our customers require actionable insights to optimize their robot operations and drive business success," said Jeff Linnell, CEO at Formant. "Formant Analytics will provide teams with the tools they need to unlock the full potential of their data and prove automation value."

As part of the new release, the company touted the following features:

• Optimize fleet performance

Robotics companies need to ensure their fleets are performing as efficiently as possible. With Formant Analytics, all stream and event data ingested into Formant can be leveraged by this feature to evaluate robot performance.

• Make better business decisions

When businesses need to make decisions around automation, data-backed metrics can assist in making the right moves. Analyzing customer usage and performance metrics are just two examples of how users can better understand how customers use their robots, and track the success of scaling a deployment.

• Prove ROI to customers

ROI is one of the most vital metrics to prove when it comes to physical automation. By utilizing Formant Analytics to demonstrate quantifiable improvements, users can prove to their customers that their fleet delivers a positive return. Plus, the ability to build customizable dashboards and monthly ROI reports enables them to showcase the value of robotic investments quickly and easily.

Formant Analytics is built on the Formant cloud robotics platform and offers a unified data offering, eliminating the need for complex data engineering processes. Non-technical users can use a simple click interface to create insightful visualizations, while developers with basic SQL knowledge can easily build and share dashboards. The platform also allows users to utilize the AI SQL module to help write queries to get the most out of their data.

Want to learn more about data management in robots? This article was featured in the September 2024 Robotics 24/7 Special Focus Issue titled “Robots as mobile data platforms.”