AI-Powered New Software Version Released

AI-Powered New Software Version AVEVA, a global firm driving innovation and sustainability in industrial software, has announced the launch of the latest version of AVEVA Predictive Analytics, specially developed for predictive monitoring of industrial assets in the oil and gas, energy, chemicals, mining and minerals, and manufacturing sectors. The software helps industrial operators achieve the highest levels of reliability and performance for sectoral assets while increasing sustainability and workforce productivity. The new version of the software significantly simplifies the deployment, validation, maintenance and clear interpretation of results of predictive models, enabling asset stakeholders to make better, timely and informed decisions to increase profitability. The new version features automated model development capability. This new feature enables users to autonomously deploy new predictive models in a single action. This significantly reduces the time required to deploy and scale the predictive maintenance solution while reducing errors and ensuring consistency in model development. Inderpreet Shoker from ARC Advisory Group states: "With increasing market pressures, industrial organizations must find ways to facilitate agile, flexible and profitable operations. The predictive analytics market continues to evolve as technology and data reach a point where asset stakeholders can easily operationalize predictive monitoring of their assets at scale and deliver rapid improvements in asset reliability and performance." Shoker continued: "The key to success is connecting data, systems and processes so that people can safely make decisions and act on them throughout operations and maintenance. Scalability of predictive maintenance efforts will be seen as absolutely essential for many forward-looking industries to maximize return on investment." AVEVA continues to meet market and customer requirements with its bring your own algorithm feature. This enables data science teams to add their own artificial intelligence algorithms and intellectual property to the solution. Additionally, deep integration with AVEVA PI System continues to help AVEVA customers derive greater value from their existing industrial software investments. David Bleackley, Head of Value Chain Optimization at AVEVA, states: "Data is the new currency of the industrial world, and an effective predictive asset monitoring strategy depends on the ability to continuously transform large volumes of sensor data into clear and actionable results. With AVEVA's PI System and the latest version of our predictive analytics software, deploying a predictive monitoring program at scale has never been easier." Bleackley adds: "This latest update demonstrates AVEVA's leading position in creating innovative solutions that are transforming the global industrial analytics market."   Source