STARKVILLE, MS, –24 June2021 – Camgian, an award-winning defense and financial tech company, is pleased to announce the release of the Camgian Heavy Equipment Index (HEI). The HEI measures real-time production activity “output” at select heavy equipment manufacturers throughout the United States.
The index covers 46 different types of heavy equipment, which can be referenced in sub-categories of agriculture equipment, construction equipment, and commercial vehicles. HEI is a daily index that is released publicly on the last Thursday of each month and includes data through the 15th day of each month. Early access is available on a weekly basis.
“With the speed of change witnessed in the economy over the past year, along with the growth and adoption of alternative data, we wanted to utilize our production activity data to provide a real-time, hard data indicator to assess the overall strength of the heavy equipment manufacturing industry,” said Camgian VP of FinTech Sales Kevin Tingley
HEI monitors actual production activity “output” and comprises a small, focused sub-sector of manufacturing. While it is not a direct comparison to traditional PMI or Industrial Production indicators, it does provide valuable real-time insight into production activity within the traditionally volatile economic category of capital/durable goods. This indicator provides a real-time observation into the overall health of the heavy equipment manufacturing sector and industrial production at large.
Learn more about HEI and Camgian’s industrial manufacturing activity real-time data and how Camgian data can be used for production trend analysis, correlations, forecasting, and modeling, visit www.camgian.com/HEI.
Camgian is an award-winning developer of advanced sensing systems and technologies that deliver real-time, actionable intelligence. Leveraging innovations in the areas of sensors, signal processing, and artificial intelligence, Camgian is pioneering a new generation of intelligent applications that address key needs in the financial and national security markets.
Camgian has been named by Inc. Magazine as one of the fastest-growing private companies in the US, Entrepreneur Magazine as one of the most entrepreneurial companies in America and Compass Intelligence as one of the world’s top companies in IoT innovation and execution. Moreover, ABI Research featured Camgian in their 2015 Hot Tech Innovators report, which identified the company as one of the world’s top tech start-ups for their pioneering work in IoT and edge computing. In their 2016 market report Fog Computing in IoT, Machina Research identified Camgian as one of the innovative IoT startups and notable companies pioneering fog computing. In 2017 Camgian was named a Gartner “Cool Vendor” in IoT Edge Computing and the Industrial IoT Company of the Year in the 6th Annual Compass Intelligence Awards, which annually identifies the world’s best in mobile, software, IoT, AI, augmented reality and connected products.
For more information on Camgian, please visit camgian.com