IMC is set to revolutionize how we think about Asset Management. Happening in Marco Island, Dec 16th - 19th 2024

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Turning Digital Transformation into Real-World Results with Prescriptive Analytics

Turning Digital Transformation into Real-World Results with Prescriptive Analytics

IMC-2018 Learning Zone 44:31

by Allison McNulty, AspenTech

Curious how to get started with machine learning and prescriptive analytics? AspenTech has executed over 60 Aspen Mtell pilot projects in the past 18 months. In this session, we'll cover how nine early adopters of prescriptive analytics have reduced unplanned downtime and improved asset reliability. Using a new approach to asset performance management, organizations in oil & gas, chemicals, mining, transportation, and other capital-intensive industries have identified the precise failure signatures that predict equipment breakdowns, and perform prescriptive maintenance to mitigate or prevent the equipment failures altogether. Hear real-world examples of how exceptional improvements to the bottom line can be achieved in as little as 2-weeks. You‚'ll learn tips and tricks to get started and common pitfalls to avoid. Join us for this must-see session!

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