AVEVA Introduced AI-Powered Predictive Analytics Tool
AVEVA has launched its latest software release, AVEVA Predictive Analytics, which is intended primarily for predictive monitoring of industrial assets in a variety of industries, including power, minerals and mining, manufacturing, gas and oil, and chemicals.?
The software intends to support industrial operators in attaining the highest levels of performance and reliability for their industrial assets, improving sustainability and increasing workforce productivity at the same time. Thus, these types of steps by the company create a positive influence on the global predictive maintenance market. In addition, according to a research report published by Astute Analytica, the Global Predictive Maintenance Market is expected to grow at a #cagr of 29.4% during the forecast period from 2023 to 2031.?
The latest software update makes it easier to validate, deploy, interpret, and maintain the results of predictive models. As a result, stakeholders can take quicker and more knowledgeable decisions to increase profitability.?
The automated model creation tool, which enables users to quickly and autonomously deploy new predictive models, is one of the key components of this model. With this functionality, the time needed to install and scale the predictive maintenance solution is greatly reduced, errors are decreased, and model development consistency is maintained.?
According to Inderpreet Shoker of the #ARC Advisory Group said, "Industrial organizations must discover strategies to support flexible, robust, and lucrative operations due to increasing market demands. The predictive analytics market is still growing as technology has developed to the point where asset stakeholders can easily operationalize predictive monitoring of their assets at scale, enabling quick increases in asset reliability and performance.”?
AVEVA is fulfilling the needs and expectations of the industry and its customer by providing a "bring your own algorithm" capability. This gives data science teams the freedom to include their own artificial intelligence algorithms and intellectual property in the solution.?
Moreover, the seamless integration with the AVEVA PI System ensures that AVEVA's customers are consistently maximizing the value of their existing industrial software investments.?
David Bleackley, #value Chain Optimisation Lead at #aveva said, "Data is the new currency of the industrial world, and a viable predictive asset monitoring strategy relies on its capacity to continually convert massive amounts of sensor data into actionable and clear results.”?
领英推荐
With AVEVA's PI System and the latest release of predictive analytics software,” Operationalizing a predictive monitoring program at scale has never been simpler.”?
Get in touch with us
Phone number: +18884296757
Email:?[email protected]
Visit our website:?https://www.astuteanalytica.com/