Predictive maintenance and decision support systems in heavy industry

Digital transformation is one of the top priorities for industrial companies. The largest players are already moving in this direction, for many years continuously working to improve production efficiency and launching large-scale optimisation programs. They're called advanced analytics or digital innovation, and at their core, the technology could be summarised under artificial intelligence. In all cases, the efforts to utilise AI models or data analytics systems are part of a bigger digital transformation effort of the progressing companies. In an industrial context, such strategies for cost-saving and process optimisation often start from pilot projects, or top management directives for digital change guide them. In general, changes in processes or investments in capital-intensive and competitive industries require large sums of money. Traditional capital expenditures usually stretch over a long period, so a current financial standing may not allow for a complete physical overhaul of the plants or facilities. These high costs lead to the search for cheaper alternatives.