Canvass AI has collaborated with a large oil and gas operator to decrease production losses by deploying predictive maintenance. The partner company was successfully able to predict >80% of failures with sufficient advance notice for planned maintenance and with zero false alerts. Resulting in significant cost savings, estimated to be between CDN $50,000-$75,000 in direct repair costs and increased production by 3-10 days.
#AI #AI4Manufacturing #Manufacturing #casestudy #technology #artificialintelligence
Article attachment: Download
Published on February 1, 2023 10:30am EST