AI and Automation in the most valuable business decisions. Leveraging REJ (Rapid Economic Justification) to identify the best use of AI. Presentation from the Infosys AI Summit in Miami.
7. As The Data Insight and Automation Increase, Costs Decreases and OEE Take Off
Foundation Advanced Differentiating
Asset Utilization
and
Maintenance • Avoid unexpected downtime
• Avoid over- and under- maintenance
• Operate Asset as a Service
• Take preemptive corrective actions
Overall
Equipment
Effectiveness
(OEE)
• Create New Business Models
Cost of
Incidents and
Maintenance
• Free up Working Capital, Margin Contribution
• Provide Global Support
Intelligence
Reports
ERP, Maint. Data
• Value Creation through
Human and Machine Intelligence
8. Business Decisions Where AI in Generating Free Cash Flow
Business Decisions Assited By AI
What Parts Have Failed?
Which Parts will Fail Before in the Next 90/180/270
Days?
Stream
Analytics
from
Sensors
Two-Class
Classification
Multi-class Regression Anomaly
Detection
Un-supervised Specialized
Libraries
(Vibration)
When Will More Than x% of the Production be
Outside Quality SLAs
Free Cash Flow (FCF)
Capital
ExpenditureWorking
Capital
Given the Developing Trend What Scenario Is
Developing? What Are The Consequences Of
Situation X?
When will the Asset Fail?
When will The Top 10 Expensive Parts Fail?
Postpone and Consolidate
Interventions
Reduce Rework
Due To Machinery Tuning
How Many of These Type of Bearings will Survive
10K Hours?
Reduce Intervention
Of External Experts
Reduce Spare Parts
Inventory
INSIGHTS
to feel a need or a desire for; wish for
What is Machine Learning
It is a branch of Computer Science that, instead of applying pre-defined logic to solve problems in explicit, imperative logic, applies data science algorithms to discover patterns implicit in the data
The goal of the analysis is to contact these high risk individuals and take necessary actions such as providing special offers and discounts to prevent them from leaving the business.
https://azure.microsoft.com/en-us/documentation/videos/harness-predictive-customer-churn-models-with-cortana-analytics-suite/