SANTA CLARA, Calif., Aug. 16, 2018 (GLOBE NEWSWIRE) -- Glassbeam, Inc. , the premier machine data analytics company, has been awarded a 2018 IoT Evolution Product of the Year Award for their healthcare solution from IoT Evolution magazine and IoT Evolution World , the leading magazine and website for IoT technologies news.

Healthcare equipment manufacturers and providers have embraced the Internet of Things (IoT), connecting machines to networks to enable analytics and draw insights on better support and utilization metrics. According to several sources , global healthcare expenditures expanded to over $8 trillion in 2016; capital expenditures for machines, devices and equipment totaled over $350 billion. However, most machine data management tools can only analyze simple sensor data and basic historical log data.

“Today’s tools are only scratching the surface of unearthing the value of complex machine data,” said Puneet Pandit, Founder and CEO of Glassbeam. “Healthcare organizations are aggressively looking for ways to increase revenues, reduce costs and improve patient care. Glassbeam is unlocking the wealth of knowledge that can be extracted from these IoT devices to drive the healthcare industry forward.”

“The solutions selected for the IoT Evolution Product of Year Award reflect the diverse range of innovation driving the multi-billion dollar IoT market today. It is my honor to congratulate Glassbeam for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Carl Ford, CEO of Crossfire Media , a co-publisher of IoT Evolution.

“It is my pleasure to recognize Glassbeam for Healthcare, an innovative solution that earned Glassbeam the 2018 IoT Evolution Product of the Year Award,” said Rich Tehrani, CEO, TMC . “I look forward to seeing more innovation from Glassbeam in the future.”

About Glassbeam Glassbeam is the premier machine data analytics company bringing structure and meaning to complex data generated from any connected machine in the Industrial IoT industry with a strong focus on medical and data center equipment. Funded by several ultra-high net worth investors, Glassbeam’s next generation cloud-based platform is designed to transform, analyze, and build Artificial Intelligence applications from multi-structured logs, delivering powerful solutions on customer support and product intelligence for companies such as IBM, Dell EMC, PTC, Novant Health, UCSF Health, and Dimension Data. For more information visit http://www.glassbeam.com or follow us on Twitter @Glassbeam . About Crossfire Media Crossfire Media is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full-service Information Technology company based in New York. About TMC Through education, industry news, live events and social influence, global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. As a result, leading technology vendors turn to TMC for unparalleled branding, thought leadership and lead generation opportunities. Our in-person and online events deliver unmatched visibility and sales prospects for all percipients. Through our custom lead generation programs, we provide clients with an ongoing stream of leads that turn into sales opportunities and build databases. Additionally, we bolster brand reputations with the millions of impressions from display advertising on our news sites and newsletters. Making TMC a 360 degree marketing solution, we offer comprehensive event and road show management services and custom content creation with expertly ghost-crafted blogs, press releases, articles and marketing collateral to help with SEO, branding, and overall marketing efforts. For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com and follow us on Facebook , LinkedIn and Twitter , @tmcnet .

For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com .

TMC Contact Stephanie Thompson Manager 203-852-6800, ext. 139 sthompson@tmcnet.com

Glassbeam Contact Ari Brosowsky Account Director Ari@upraisepr.com 415-397-7600