The challenges in industrial settings have remained the same for the last 50 years. Operations leaders are being asked to deliver more across KPIs—such as throughput, costs, efficiency, quality, and sustainability—and asked to deliver incremental improvement every year.The Fourth Industrial Revolution (4IR) has brought much promise: more sensors, more connectivity, more data, better controls, more tools and methods to make sense of the data, and a greater understanding of consequences. But for all its promise, results have been stubbornly slow. Assets are increasingly complex, inter-dependencies are difficult to understand and real-time externalities are impacting these systems--often with unforeseen consequences.The confluence of AI and advanced analytics, however, can get business leaders the transformational results they desire. These technologies can break through data silos and analyze your operations holistically to provide deeper insights that humans and advanced controls can act on. And it can all happen in real-time. AI and advanced Analytics can help you better visualize the butterfly effect, understand how decisions about maintenance of one asset will impact another, and help business leaders to obtain the agility their businesses so desperately need.
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