Pillars of predictive maintenance: A data science perspective. Predictive maintenance is essentially applying advanced data analytics to machine health management. The building blocks are. 1. Data science and AI expertise in predictive analysis 2. Domain knowledge about assets and machine operations 3. Underlying hardware and infrastructure support Once the data is collected, cloud computing proves […]
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Is it just about turning up each day, is that winning?! Can that happen if you’re a freak of nature like this race horse Winx. I’d say most Australians know this horse by now. She has broken most horse racing records that exist on the planet and although her talent may never be surpassed, certainly […]
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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 […]
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The Internet of Things (IoT), through sensors and devices, has the ability to produce large volumes of data while artificial intelligence (AI) can learn patterns in the data to automate tasks for a variety of business benefits: – AI can automate repetitive learning and discovery through data. – AI can add intelligence to existing products. […]
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Today’s facility management industry remains content with the status quo of operating scheduled maintenance programs yet beginning to talk about the possibilities of preventative and proactive maintenance. A property company with a large portfolio of properties performs maintenance mostly by routine checks on buildings and equipment and reacting to complaints from tenants or even large […]
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This is what Ray Dalio says about artificial intelligence, he is regarded as the best Hedge Fund manager ever, his fund is called Bridgewater. “The systems we had programmed to take in information and process it were doing superbly, without computers we’d have to do it the old way, weigh in our heads all the […]
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AI and machine learning is not new, but to make it work, be reliable and produce commercial outcomes, you need a lot of data to train neural networks. Property, until recent years, has had limited and fragmented data, we explore how we have overcome this hurdle and now offering a product to greatly enhance efficiencies […]
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There is a winning formula for everything and often we look closely at those most successful to find the secret source. This article explores the need for change in people and organisations to achieve the best results, and technology is the change hurdle that presents most prominently today. The need for Change
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Today’s asset management process is laborious and siloed whilst unable to be well supported by data and statistics. This can be flipped on its head now with the emergence of large quantities of usable data out of commercial and industrial buildings. With the implementation of AI and Machine learning software providing the real time intelligence […]
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