Finding Value In Industrial Data with AI


All industries have one thing in common, data and lots of it. The amount of data is related to the volume of'things' now connected to the internet, from personal devices, the office printer, all the way to the sensor on a pump that is helping generate the electricity necessary to keep the power on. They say data is the new oil; however, far too many industrial companies are finding little to no use or benefit from all the data they are generating. In fact, the Mining and Resources sector is reported to use less than 1 percent of the data collected from their equipment. So how do companies ensure they are getting the most value from the data generated, and how do we ensure that the project is a success and doesn't become another statistic in the 70 percent of all digital transformations that fail?