WHY MACHINE LEARNING IS THE FUTURE OFPREDICTIVE AND INDUSTRIAL MAINTENANCE

July 10, 2020

There’s no arguing that preventing failures and accidents is critical for industry. Unexpected incidents can grind operations to a halt for extended periods of time and necessitate expensive repairs. Just 12 hours of downtime for an oil production platform could cost six to eight million dollars in lost production opportunity alone. A single day of grounding for a plane costs roughly four to five million dollars. Because of these disruptions, industrial sectors are always on the lookout for newer, better maintenance methods, and the approach on everyone’s lips right now is predictive maintenance. While everyone agrees on the name, there is less consensus on what it means or how to implement it. But to truly unlock the potential of predictive maintenance, it needs to be paired with artificial intelligence (AI) and machine learning (ML).

Spotlight

InData Labs

InData Labs is a 80+ people strong data science firm and AI-powered solutions provider with its own R&D center that helps companies across the world to find perfect solutions to their challenges in artificial intelligence. Since 2014, our solutions and consulting services enable our clients to get valuable insights into data, automate repetitive tasks, enhance performance, add AI-driven features, and prevent cost overruns.

OTHER WHITEPAPERS
news image

Mitigating AI/ML Bias in Context: Establishing Practices for Testing, Evaluation, Verification, and Validation of AI Systems

whitePaper | August 31, 2022

Artificial intelligence and machine learning analyses are driving critical decisions impacting our lives and the economic structure of our society. These complex analytical techniques—powered by sophisticated math, computational power, and often vast amounts of data—are deployed in a variety of critical applications, from making healthcare decisions to evaluating job applications to informing parole and probation decisions to determining eligibility and pricing for insurance and other financial services.

Read More
news image

LaSalle

whitePaper | April 16, 2020

LaSalle is one of the world’s leaders in real estate investment management, with a history over 40 years long. LaSalle, an independent subsidiary of Jones Lang LaSalle Incorporated, manages over $68 billion in assets across 17 countries.

Read More
news image

How MongoDB Provides Strategic Advantage in Financial Services

whitePaper | August 9, 2020

Even before the COVID-19 pandemic, the pace of change in the financial services industry was exhausting. The challenges just kept coming: from the 2008 financial crisis to a raft of fintech newcomers and established brands pivoting into the industry, a panoply of regulations and the looming threat of a recession — to name a few.

Read More
news image

Multilayered cybersecurity: part ofmodern cyber protection

whitePaper | August 10, 2020

Data is the most important asset businesses have. As the world has become increasingly digital, data has grown in volume and value. In fact, this most valuable resource of modern society doubles in volume every year and that growth rate is likely to accelerate even further. Of course, this creates a challenge: how to store data securely and how to be sure that every operation with data is secured? Today loss of data means loss of everything: business, identity, future, and even life in some cases.

Read More
news image

Automate Machine Learning with H2O DriverlessAI on Dell Infrastructure

whitePaper | June 22, 2022

Artificial intelligence (AI) and machine learning have revolutionized how organizations are using their data. Automated machine learning (AutoML) facilitates and improves the endto-end data science process. This process includes everything from preprocessing and cleaning the data, selecting and engineering appropriate features, tuning and optimizing the model, analyzing results, explaining and documenting the model, and of course, deploying it into production.

Read More
news image

How AI Is Transforming IT Service Desk and Customer Service

whitePaper | June 4, 2021

In this fast-paced and competitive world, the need for speed is vital. This is especially true when it comes to IT and customer service desks. There has been a recent surge of interest in conversational AI platforms that build on all the strengths of AI to help make IT service desks and customer service more efficient.

Read More

Spotlight

InData Labs

InData Labs is a 80+ people strong data science firm and AI-powered solutions provider with its own R&D center that helps companies across the world to find perfect solutions to their challenges in artificial intelligence. Since 2014, our solutions and consulting services enable our clients to get valuable insights into data, automate repetitive tasks, enhance performance, add AI-driven features, and prevent cost overruns.

Events