London-based Prognostic Ltd, a software as a service (SaaS) company, has launched Carbon Analytics, a real-time carbon accounting and financial performance platform for physical assets, such as plant, machinery and buildings in industries including manufacturing, renewables, oil and gas, and smart grid.

Prognostic was founded in 2016 to help industrial companies manage the operational and financial risks of their physical assets. Carbon Analytics is the first solution of its kind to combine edge-based analytics and operations data bringing visibility and traceability across the carbon value chain by translating operational data into measurable carbon metrics.

This data allows asset owners to monitor their carbon footprint and emissions at a granular level and make better informed decisions to optimise and offset their carbon footprint.

Shravane Kumar Balabasqer, Prognostic co-founder and CEO, said: “Over 70% of an asset’s total cost occurs during its operational life and 35% of this can be attributed to energy consumption. Our vision is to help companies achieve zero downtime, zero waste, zero carbon and we are excited to launch a solution that optimises both financial and environmental performance.”

Rob Bachan, co-founder and CTO, added: “We believe in giving our customers a credible and accurate view of their carbon emissions based on real operational data sources. We bring significant knowledge, expertise and IP built up over the last five years in capturing and understanding physical assets. We do not believe in just talking about the future, we believe in working together to create it now.”