AI-powered predictive analytics solution

24 February 2023

AVEVA has launched a new predictive analytics software solution for monitoring industrial assets in oil and gas, power, chemicals, mining and minerals and manufacturing.

The new release features automated model building – a new capability that enables users to autonomously deploy new predictive models in a single action.  This is said to reduce the time required to deploy and scale the predictive maintenance solution while reducing errors and ensuring consistency in model development.
Commenting on the launch, Inderpreet Shoker, ARC Advisory Group, said: “With rising market pressures industrial organiSations must find ways to facilitate agile, resilient, and profitable operations. The predictive analytics market continues to evolve as the technology has advanced to a point where the data can be leveraged in such a way that asset stakeholders can easily operationaliSe predictive monitoring of their assets at scale enabling rapid improvements in asset reliability and performance.
“Key for success is connecting data, systems and processes, enabling people throughout operations and maintenance to make, and act upon, decisions confidently. Scalability of predictive maintenance efforts for maximum return on investment will definitely be seen as a must have for many industries going forward.” 

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