Cognitive analytics—’there’s value on the table to be picked up’

Improving maintenance and reliability effectiveness is a sure way to improve asset utilization. A recent post by David Clayton of ARC Advisory Group put it this way: “ARC believes end users can enjoy a step change in maintenance and reliability effectiveness by adopting recently developed advanced machine learning platforms. Integrating machine learning techniques and cognitive analytics provides end users advance warning of impending equipment failure, enabling companies adequate time to remediate the problem prior to failure to avoid costly unplanned downtime.“Recent advances in data science, artificial intelligence, and computing power have converged to enable commercialization of algorithms to provide human-like analysis of large data sets (structured or unstructured) at machine speeds. Cognitive analytics refers to a set of innovations inspired by the way the human brain thinks. It strives to…

Link to Full Article: Cognitive analytics—’there’s value on the table to be picked up’

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