Applying AI to real-time IoT data brings prompts advantages for companies, like considerable reductions in energy and raw material waste. The alarming worldwide and Europe\u2019s current energy market situation is quite clear to everyone. According to a report by Allianz, the invasion of Ukraine will propel Europe\u2019s already high energy prices even higher; indeed, they expect at least a 30% increase in the energy bill for 2022.<\/p>\n\n\n\n
Moving to environmental aspects, reducing the overall carbon footprint impact is one of the EU\u2019s sustainable goals within 2030. This is the reason why so many companies struggle to find the most suitable solutions to cut costs and reduce CO2 impacts on the Planet.<\/p>\n\n\n\n
Here they come sensors, that completely changed how we capture data \u2013 offering a proper tool to plan future actions and drive more efficient performances. Indeed, the better the monitoring and measuring data, the better one can understand a company\u2019s data history and potential use cases for reliable future decision-making actions. For instance, through sensors data, we can easily detect factories\u2019 total energy use, how much power lighting, heating, cooling equipment and systems consume, and so on. Therefore, keeping data from sensors under control is worthwhile for any manufacturing industry.<\/p>\n\n\n\n
Disaster detection and Early Warning systems are priceless in such sectors. They can forecast anomalies that might be harmful. This will provide some time for the response system to prepare for adverse events and lower their impact. And Artificial intelligence is the most suitable solution here.<\/p>\n\n\n\n
Thanks to AI and Machine Learning integration, data analysis has been employed to optimise industrial processes and, as a result, to reduce waste and energy consumption in energy-intensive sectors \u2013 such as manufacturing. Hence, energy efficiency can be achieved through regular data stream monitoring.<\/p>\n\n\n\n
Here comes Radicalbit\u2019s MLOps platform designed to combine real-time data processing with AI. Employing Artificial Intelligence on industrial devices\u2019 data flow, our platform can properly provide an Early Warning system to limit the possible negative impacts of irregular production processes. This method allows saving up to 40% of production energy resources. If the cost-per-unit ratio improves, the process becomes more sustainable. As a result, a company would be less exposed to fluctuations in energy costs.<\/p>\n\n\n\n
As a concrete example, we employed our MLOps platform to process IoT data of a chemical factory. The goal here was to detect process anomalies in real-time. The system offered a critical set of information, allowing technical personnel to quickly intervene during the process. This mitigated and avoided any negative impact (like energy and raw material waste).<\/p>\n\n\n\n
Applying AI to real-time IoT data \u2013 we could say in a dynamic way \u2013 brings prompt advantages; in machines using tools subject to wear our MLOps platform was able to intercept anomalies as they were occurring. This dynamic approach raised the instrument\u2019s life expectancy by 30%, just using tools until the very end of their natural life.<\/p>\n\n\n\n
Interested in our platform? Have a small chat with us, we\u2019ll show you a brief product demo.<\/p>\n","protected":false},"excerpt":{"rendered":"
A considerable reduction in energy and raw material waste can be achieved applying AI to real-time IoT data<\/p>\n","protected":false},"author":1,"featured_media":3367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,30],"tags":[21,102,104,72,107],"class_list":["post-2609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-by-radicalbit","tag-ai","tag-energy","tag-industry","tag-machine-learning","tag-waste"],"yoast_head":"\n