CRL 1-hr: 9/26 Introduction to Uptime Elements Reliability Framework and Asset Management System

[CHICAGO – 10/17/19]  /PRNewswire/ -- Industrial artificial intelligence (AI) leader Uptake announced today it has partnered with Symboticware to provide mining companies with an end-to-end, integrated AI and data science solution to increase the productivity of mobile mining equipment.

The joint solution combines Symboticware's SymBot® device, which provides comprehensive data capture from mining fleets, and Uptake's Asset Performance Management (APM) software, Asset IO, which applies AI to surface predictive insights from the data. The combination of the two arms users with:

  • Data-driven cost reductions: For an average medium-sized mining site, Asset IO can save as much as $2.5 million annually in haul truck maintenance, fuel and tire costs alone. Additionally, operator and fleet productivity is optimized with the help of benchmarking and informed decision-making.
  • Actionable insights for continuous improvement: Asset IO quickly turns data into actionable, AI-driven insights. The software deploys AI models that are pre-trained to drive greater performance, reliability and availability of the mobile mining fleet.
  • Greater visibility into assets: Collect data from sensors, store time-stamped values in an internal database and seamlessly transmit data for AI analysis.

"Optimal machine health and performance is critical to getting the most out of investments in equipment, and to achieving a high return on capital employed," said Ash Agarwal, Director of Mining, Uptake. "Performing regular maintenance on haul trucks can be labor- and time-intensive, with the added cost of unplanned downtime having a significant impact on throughput and operating expenses. This integrated solution provides the best of industrial IoT and AI to reduce downtime, minimize operating expenses and aid in the development of a comprehensive maintenance program."

"Industrial data is only as good as the insights that can be gleaned from it," said Kirk Petroski, President and CEO, Symboticware. "This solution delivers predictive insights that are both accurate and actionable, providing users with sufficient lead time into maintenance issues so they can be ahead of the curve. That ability to proactively mitigate maintenance problems yields a proven, measurable increase in productivity."

Uptake and Symboticware will be exhibiting at the Future of Mining Americas conference, taking place Oct. 21-22 in Denver. Stop by booth No. 20 or email ashutosh.agarwal@uptake.com to set up a meeting and see the joint solution in action. Be sure to check out Ash's panel discussion on Oct. 21, "Analyze, Adapt and Overcome: How Can Miners Build and Integrate an Effective Digital Strategy into their Operations?"

About Uptake

Uptake's AI-driven software products deliver insights to global industry. Our customers depend on Uptake to increase productivity, reliability and safety — and we do it by delivering actionable insights to the operational front line. Recognized for leadership in industrial IoT (IIoT) by the World Economic Forum, CNBC and Forbes, Uptake is headquartered in Chicago with presence in Canada, Europe and Australia. Visit us at www.uptake.com.

About Symboticware

Symboticware's industrial IoT hardware and software platform helps customers unlock, collect, and analyze valuable data from their mobile and fixed assets. It enables businesses to optimize productivity, improve resource efficiency, increase equipment availability with preventive and condition-based maintenance, and enhance safety with real-time operator feedback. Symboticware is used in rugged and remote mining areas around the world, from the far north to kilometers below the earth's surface.

SOURCE Uptake

Upcoming Events

August 8 - August 10, 2023

Maximo World 2023

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Asset Condition Management versus Asset Health Index

Confusion abounds in language. Have you thought through the constraints of using the language of Asset Health?

Seven Chakras of Asset Management by Terrence O'Hanlon

The seven major asset management chakras run cross-functionally from the specification and design of assets through the asset lifecycle to the decommissioning and disposal of the asset connected through technology

Reliability Leader Fluid Cleanliness Pledge

Fluid Cleanliness is a Reliability Achievement Strategy as well as an asset life extension strategy

MaximoWorld 2022 Conference Austin Texas

Connect with leading maintenance professionals, reliability leaders and asset managers from the world's best-run companies who are driving digital reinvention.

“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.