Artificial Intelligence Across Company Borders

Artificial intelligence (AI) has potential to increase global economic activity in the industrial sector by $13 trillion by 2030.6 However, this potential remains largely untapped because of a lack of access to or a failure to effectively leverage data across companies borders.10 AI technologies benefit from large amounts of representative data--often more data than a single company possesses. It is especially challenging to achieve good AI performance in industrial settings with unexpected events or critical system states that are, by definition, rare. Industrial examples are early detections of outages in power systems or predicting machine faults and remaining useful life, for which robust inference is often precluded.