Predictive and Prescriptive Analytics
Technologies - Predictive and Prescriptive Analytics
The limitations and shortcomings of the age-based or time-based asset management, overhauling and replacement efforts had led modern asset managers to rely on asset condition-based strategies. Predictive and Prescriptive Analytics Technologies play a pivotal role in making asset condition-based endeavours smarter and realistic in tailoring asset management strategies by extracting value and insights from hidden asset data.
This is why modern industrial asset custodians utilise predictive and prescriptive analytics in gaining confident approaches in harnessing industrial assets confidently. Predictive analytics capitalises historical asset data to predict future outcomes or events of asset-intensive systems based on current asset data. This technology mainly facilitates understanding the impending conditions, future suboptimal performance, risks and failures of assets and in labelling asset components based on their criticality levels. Predictive Asset insights optimise processes with early detection of operational anomalies, structural health conditions and other noteworthy elements.
Prescriptive Analytics takes predictive analytics a step further by allowing the asset managers to predict future conditions and tailor corresponding risk control or overhauling strategies to dodge impending detrimental events with forward-looking actions.
Tigernix Smart Asset Solutions are advanced with predictive and prescriptive analytical technologies by holistically and automatically manipulating sensor readings, equipment reading, control system data, and data exerted from all disparate data sources to enable accurate predictions and prescriptions based on realistic asset events and happenings.
Connect with our team to learn how we can help YOU