Cat Creates Analytics Division

Building on last month's announcement that it is investing in Chicago-based data startup Uptake, Caterpillar is creating a new division called Analytics & Innovation (ENR 04/13 p. 18). Led by Greg Folley, Cat vice president, the unit will work with Uptake to create a platform that delivers business intelligence to customers based on their telematics-equipped machinery. "A huge opportunity for competitive advantage lies in the analytics-and-innovation space," says Rob Charter, Cat group president in charge of customer and dealer support.