Caterpillar CEO highlights company's innovations at annual meeting

All eyes and ears were on Caterpillar Chairman and CEO Doug Oberhelman as he spoke about the company's industry innovations recently at Caterpillar's annual stockholders meeting.

In 13 points, he highlighted how the company approaches innovation and what the future holds.

Here are the top seven Caterpillar innovations Oberhelman highlighted in his speech.

--Through Cat Connect and Cat Minestar, hundreds of sensors on machines and engines send terabytes of data to state-of-the-art monitoring facilities at Caterpillar and Cat dealers.

--Cat off-road mining trucks are operating autonomously 24 hours a day, seven days a week, using sensors, radar, LiDAR and satellite communications.

--A recent investment in Uptake to develop the next generation of predictive data analytics.

--EMD locomotives’ updated IntelliTrain application is shifting from time-based to condition-based maintenance, which will improve availability and help avoid catastrophic failures.

--For turbomachinery in oil and gas, Solar Turbines’ InSight System reduces unplanned shutdowns through online analysis of detailed data.

--For marine, through the acquisition of ESRG Technologies Group, Caterpillar now offers a software suite that remotely monitors more than 65 on-board systems in marine vessels, which increases efficiency and reduces vessel downtime.

--For gas compression, through the acquisition of PEPR Inc., Caterpillar now offers a proprietary natural gas compressor optimization and emissions reporting software that creates a competitive advantage in the field.

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