Algo8 Assets
Algo8 Assets is Algo8 AI's flagship Smart Asset Management (SAM) product.
It is an AI-based decision facilitating tool to improve visibility around critical equipment to minimize downtime, and maximize equipment operational efficiency and availability. We leverage predictive analytics to make the word “unforeseen" obsolete in industrial operations' context with data-driven predictions
ASSET PERFORMANCE IMPROVEMENT
-Overall equipment effectiveness
-Performance monitoring and predictions
-Leveraging IIoT to improve visibility around asset tags
-Asset Health Index and Tracking
ASSET PREDICTIVE MAINTENANCE
-Potential failure prediction
-Early warning systems / recommended corrective actions
-Maintenance and job scheduling assistance
-Inventory tracking assistance
ASSET SPARES MANAGEMENT
-360 degree visibility for asset spares status
-Asset management for integrated and distributed assets
-Integrated and connected systems minimizing data silos
-Inventory tracking assist and SPIR analysis
CHALLENGES WE ADDRESS
Limited visibility on potential failure of critical assets
Unwanted downtime and shutdown due to reactive actions instead of proactive
Limited decision making capability of existing reporting based systems
Limited view on interdepartmental correlation & impact