Good Tech Go - 15th October 2020
Using Machine learning and AI they bring about massive savings on electricity bills. Minionlabs wins the national startup award 2020 for the category of Industry 4.0 and the theme of Internet of Things IoT. There were 181 contestants in the category of Industry 4.0 and around 89 contestants in the theme of Internet of Things, IoT. The other themes which were considered for the awards were; Big data, internet of things, 3D printing, cloud computing, Augmented reality products, robotics and computer vision.
Minionlabs India Private Limited
Minionlabs have identified a gap in the market for energy usage tracking within a building. Using Machine learning and AI to derive actionable insights, they bring about massive savings on electricity bills. In case the electricity data isn’t readily available, they also have a hand-sized sensor to collect data. Minion senses each and every appliance, device and tool turning on and off inside the building and generates a comprehensive report on predictive analytics and maintenance.
Product summary
Minion uses a machine learning algorithm that captures voltage and energy signatures at microsecond intervals to study the patterns of device consumption. With this rich data, the algorithm is able to output a 98.24% accurate analysis of multiple energy signatures at any given point.
Support & recognition
MinionLabs has received 24 Indian and international awards since its inception, including from the Indian PMO and the World Economic Forum.
For more information on this press article, visit https://goodtechgo.com/innovation/minionlabs-wins-national-startup-award-2020-for-internet-of-things/
MinionLabs is the World Leader in Energy Efficiency for Cities, Businesses, and Consumers for the Internet of Things. Our Artificial Intelligence-based products, systems, and services enable our users to be energy efficient, reduce carbon footprint, prevent climate change and make people’s lives safer and comfortable, and businesses more productive and cities more livable in a sustainable way. Visit us at www.minionlabs.tech