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AVEVA Insight - Predictive Analytics: What operational challenges can it help with?

08 March 2021

Improving reliability, performance, and safety are among the top priorities for industrial organisations and businesses today. They are focusing efforts and resources on controlling costs and maximising value from existing investments. Read what operational challenges can AVEVA Insight – Predictive Analytics help with.

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Our Predictive Analytics capabilities extends the AVEVA Insight system so that you cannot only consolidate your on-premises data into one central cloud-based location for operational continuity, but also expose the results of the predictive analytics engine to more people in your organization. 

Predictive Analytics uses Supervised Machine Learning to understand an asset's individual operating history and develops a series of normal operational profiles for each specific piece of equipment. It then compares the known operational profiles with real-time operating data to detect the subtle changes in system behavior that are often the early warning signs of pending equipment failure. An advanced alert manager and email notification provide near real-time updates of how well a plant or system is functioning.

Like traditional predictive analytics capabilities, AVEVA Insight - Predictive Analytics helps you to better understand your individual assets and how they are performing. This initial release uses supervised machine learning algorithms that learn normal operating parameters and provide early warning if running conditions deviate. This is particularly important for high-value assets as it gives you an opportunity to:
• Minimize unplanned downtime
• Better plan your maintenance windows
• Tune your asset strategy to a "just in time" repair policy
• Improve inventory management of spare parts

And because it's completely cloud-based:
• It can be easily deployed across your entire business
• The need for specialized IT resources to maintain the system is minimal
• You gain more complete and accurate analytics by leveraging the combined data sources in AVEVA Insight
• You have secure, remote, browser-based access to the Model Building and Monitoring Client so you don't have to be onsite to see the results
• Your predictive analytics results will be stored as tags within Insight so you can see them in charts, newsfeeds and alerts.

Enable and unlock your operations in the cloud with AVEVA Insight: Register for the free live demo 

AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries.  The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries.

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