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AI for Asset Reliability: Using AI/Machine Learning to Predict Equipment Future Failures

AI for Asset Reliability: Using AI/Machine Learning to Predict Equipment Future Failures

IMC-2020 Presentation 66:00 Minutes

by Mohamed Diaa Wahba, Ionics

AI and machine learning are the latest buzzwords in our field and promise to deliver game-changing results. But applying these technologies to your business to reap the rewards is easier said than done. In this session, the presenter will introduce an interesting hands-on project currently being working on. It will reveal how to effectively utilize the collected data from machines to predict their future behavior and prevent them from any probable failures. The project combines operational data, implementing IoT, and using some smart algorithms that enable the user to react in advance. Finally, it will be demonstrated how machine learning along with statistics and domain knowledge will strongly benefit your business.

Takeaways:

  • What is machine learning? How does it work?
  • How can we use machine learning in predictive analytics, examples and applications?
  • Saving costs and resources through predictive analytics.
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