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1 Technology Whitepaper Clockwork Solutions, LLC. 1 (800) A Teakwood Capital Company Copyright 2013

2 TABLE OF CONTENTS Clockwork Solutions Bringing Cloud Technology to the World Clockwork Cloud Computing The Right Choice for Right Now Optimization Challenges Solved by Clockwork Cloud Technology Making Predictive Analytics Understandable, Accessible and Valuable Discover Value in Short and Long Term Benefits Clockwork Cloud Computing - Defining The Future of Asset Management

3 Clockwork Solutions Bringing Cloud Technology to the World Clockwork s predictive analytic solutions provide the best options for sustaining and increasing utilization levels at the lowest possible cost for groups who own or manage capital expensive industrial assets that require ongoing maintenance and repair. Unlike traditional methods based on small subsets of historical data or past experience, Clockwork uses a proven software platform to model and simulate scenarios. The result is the most accurate look at the factors that affect the bottom line, including part failure and downtime due to maintenance. As data collection and analytics requirements grow at an exponential rate, Clockwork s predictive analytics Cloud technology for enterprise asset management (EAM) takes big data and turns it into savings and profitability for our clients. Clockwork Cloud Computing The Right Choice for Right Now Technology dominates our world and more data than ever is being produced and recorded by decreasingly small and increasingly efficient physical storage units. The trendy term surrounding the phenomena is big data, but data has been around forever, and plenty of it, piling up in the ledgers and notebooks of small business owners and on reams of fan-fold paper in storage closets at the largest corporations. Today most data is kept digitally, scattered across numerous digital sources like spreadsheets, databases, and data warehouses. The data has always been around but it wasn t much help because there was too much to sort through, too many correlations to count and too many conclusions to be drawn. With the advent of basic software programs that used statistics to predict future events on a large scale, predictive analytics began to take hold as a scientifically sound basis for business decision-making. Ultimately though, the computers that ran these programs were expensive to acquire and maintain. Simulations ran for days before producing viable results. Clockwork Predictive Analytics for EAM: Big Data, Speed and Value. Now is the time when all three components are coming together better data storage, faster processors and a software platform that Clockwork has refined while the predictive analytics industry has grown - forming Clockwork s secure Cloud technology which offers robust solutions to reduce lifecycle costs and increase asset availability for expensive industrial assets. Clockwork LCM Cloud technology is part of a software growth strategy that is geared toward providing our clients flexibility in the future to meet industry and even company-specific needs. The software allows new levels of dynamic precision - as more data is collected, our engine produces more precise answers. Simulations are reviewed quickly to provide timely data to asset managers, increasing their successes in the form of safety, efficiency and savings.

4 Optimization Challenges Solved by Clockwork Cloud Technology Each year companies plan to be more efficient and cost-effective while assets grow more expensive and the demands for efficiency and service availability increase. To stay competitive, businesses must keep pace by utilizing technology like the Clockwork LCM Cloud in order to turn business data from lifeless numbers into a healthy advantage. When asset managers lack the tools and support to solve increasingly complex spare parts and maintenance issues, time and money are wasted and inventory levels sky rocket. Unseen value remains dormant and unexploited, and worse, in many cases profits and other opportunities are lost. Companies that see the value of big data and attempt to utilize it without the help of data scientists are barely scratching the surface of what true predictive analytic technology can do. Talented employees elected to the role of in-house data scientists face issues with their data from the beginning of the process. Identifying the data that will yield the necessary detail to build realistic models can be tricky and many companies lack confidence in their own historical data. The data is often from a wide variety of sources and getting it into one format just for the sake of comparison proves a daunting task. Companies may have data for some years and no data for other years, convinced that this incomplete data is unworthy of review, unable to yield valuable answers. Some of the most organized companies may not have their data in the same format from year to year because of computer and program upgrades from one year to the next. Data can hide more value than many novice data scientists realize. Finding a correlation can be hard when the data seems to be full of holes. Even for many experienced data scientists the formatting and entry of data from disparate data sources into models for simulations takes dedicated time and professional technique. The Clockwork team brings years of data science experience to conditioning these types of spotty, incomplete data sources into formats ready for in-depth analysis. Our team works quickly to format data and regularly invests in cutting-edge hardware for faster processing speeds in order to unlock the hidden value in the data more easily. Clockwork LCM Cloud technology allows a business to bring all data together and utilize this untapped corporate asset by providing a view of the data through modeling simulations that shows decision makers where value can be realized in an asset s lifecycle. It may be that over-ordering the wrong spare parts means that budgets are being wasted year after year while capital assets are still unusable for long periods of time waiting for the correct parts to be ordered and shipped. Enterprise assets experience downtime that could be avoided by simple adjustments in the maintenance routine, leading to untold dollars in cost-avoidance. Existing solutions may be working well enough, but if your assets are not running, money is being wasted and even lost. Clockwork Cloud technology optimizes asset management to keep your assets running productively.

5 Beyond optimizing the current lifecycle of assets, Clockwork technology continues to produce detailed models of the future based on a set of ever-growing reported data from the assets. The variety of models and simulations of the future based on data is virtually unlimited, which allows an asset managers to see what changes in the bottom line as one or another factor in their asset s lifecycle is manipulated. This data would not exist without Clockwork and has been coined future big data referring to the volume of data produced about future events. Future big data allows asset managers to leverage the computing power they have, the predictive analytics platform Clockwork brings to market, and all data being generated across the enterprise to give them better information about how they can effectively operate their fleets in the future. Although many companies have used past data to make business decisions about the future, Clockwork technology allows to managers to look at data in the past and future big data to realize the most efficient path to meet production and usage goals. Making Predictive Analytics Understandable, Accessible and Valuable Streamlining the way companies use technology to generate savings and value is a hallmark of the Clockwork solution. The Clockwork LCM Cloud improves the speed of processing, access to data, usability and depth of reporting analytics, and reliability of business intelligence and simulation results. This combination of big data, cloud computing and predictive analytics to provides superior results in minutes, not days. In a dynamic environment like a war zone, drillship, or chemical processing plant, the Clockwork Cloud takes advantage of the constant changes that exist in these operating environments by quickly working with data to put more control into the hands of asset managers. Clients have the ability to generate and view forecasts online in real-time for vastly improved decision support. The Clockwork platform combines big data, cloud computing and predictive analytics to provide superior results in minutes not days. The Clockwork platform is comprised of distributed components in multiple tiers. The Application tier hosts the user facing Insight LCM application. The Engine tier manages the algorithms and business logic for simulation, aggregation of simulation and transformation for analytic data. The Computing tier provides the runtime grid that breaks down engine tasks into smaller units of work and delegates the work to resources in the grid, leveraging parallel processing. In the Data tier, the data abstraction layer provides a unified interface to multiple types of data stores. The Data Input API can import various types of data artifacts, such as XML and flat files, into data stores.

6 The technology allows for collaboration between data scientists and asset planners. It puts simulation capabilities in the hands of clients and delivers answers quickly. With the ability to manage and host large amounts of disparate data from multiple sources, the Clockwork LCM Cloud increases accuracy of results. The integration and analysis of data on the computer grid enables quick delivery of information in a useful manner for vastly improved decision support.

7 Discover Value in Short and Long Term Benefits Saving money. Yes - trusting the data simulations for decision support and correctly implementing recommended predictive analytics solutions will do that in the long run. In fact, Clockwork has helped organizations realize up to 300% in cost avoidance. Clockwork has helped organizations realize up to a 300% ROI. With the aim of increasing profit margins, Clockwork Cloud technology allows for communication between asset planners and data scientists. Carefully built simulations guide businesses to make the decisions that increase ROI and cost avoidance. But what are the other metrics where this technology can define value upfront? Value in the short term manifests as improvements in the availability of assets; efficiency in managing assets leads to more jobs done more quickly for more satisfied customers. The value multiplies long term as return on assets are higher and customers come to happily expect high quality work with few delays. Utilizing the technology with the help of dedicated Clockwork data scientists helps continually tailor the methodology and processes used for each project. Depending on data consistently leads to smarter use of assets, which builds trust with your customers. From a high level, the availability of assets and the reduction in cost to manage the asset improves the overall return on the asset leading to significant savings and cost-avoidance. Clockwork Cloud Computing - Defining The Future of Asset Management So many factors have come together to turn data into big data. A terabyte of data fits on a flash drive so now anyone can store a large amount of data in a device that fits in the palm of a hand. CPUs are running faster than ever and data management technology is growing by leaps and bounds. Companies, especially those with mission critical assets, have optimized processes throughout their business and are looking for ways to do more. The Clockwork LCM Cloud allows the optimization of assets even as those assets become more complex and costly. Clockwork s cloud technology integrates these advances in technology with a proven predictive analytics engine to ultimately offer a variety of options to improve the bottom line. About Clockwork: Clockwork is a global leader of predictive analytics for Enterprise Asset Management (EAM) solutions that improve availability and reduce maintenance costs of capital intensive assets. With over 30 customers, the company provides cutting edge solutions that analyze asset data, provide performance visibility to each phase of an asset s life cycle, resulting in increased availability, improved utilization, and billions worth of cost savings and profitability. For more information visit For more information please visit

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