As you no doubt already know, digital technologies can significantly reduce costs. In fact, its use is accelerating in the renewables and resources industries where down time, operations and maintenance and asset failure is a huge cost.
The use of IoT enterprise platforms using AI and machine learning, optimizes plant reliability, increases availability and reduces operational costs. The autonomous nature and deep learning of these platforms helps conventional assets become more flexible and dispatchable too.
Computer vision-based O&M inspection and predictive maintenance are the most commonly seen applications of AI in the energy sector. Innovations around industrial AI are centered on a few themes:
- Developing a data marketplace
- Leveraging alternative data
- Developing automated machine learning tools
- Refining industry-specific AI
- Integrating AI with other technologies.
To find out more about how our platform can help reduce your business costs and improve efficiency, contact us today.
