Frost & Sullivan has researched the artificial intelligence (AI)-based predictive maintenance industry and, based on its analysis, has recognised Nanoprecise Sci Corp (Nanoprecise) with the 2022 North America New Product Innovation Award. The company provides customised Industrial Internet of Things (IIoT) and AI-based predictive maintenance and condition monitoring solutions for rotating machinery in industrial or building facilities. By effectively monitoring and analysing six important parameters, Nanoprecise prevents machine downtime and enhances overall performance and lifespan, thereby reducing the associated emissions. Nanoprecise's IIoT and AI-based predictive maintenance and condition monitoring solutions allow customers to reduce false positives to less than 5% and false negatives to less than 1%, providing seamless accessibility through an intuitive and open user interface.
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