Optimizing spare parts purchasing in industry 4.0

Optimizing spare parts purchasing in industry 4.0

Introduction to spare parts purchasing in industry 4.0 One of the biggest challenges in asset management industries is managing the purchase of spare parts. Estimating the useful life of spare parts in order to maintain an adequate replacement inventory, as well as...
AI Anomaly Detection: Innovation and Opportunity

AI Anomaly Detection: Innovation and Opportunity

AI in Anomaly Detection We are witnessing something of a revolution in the Internet of Things (IoT) in the energy industry, as it is possible to monitor any industrial device or machine in real time using sensors, software, and technologies that exchange data with...