An industrial software company is saving the planet using data and machine learning (ML). The practical application of technology saves billions of dollars in operations and maintenance cost. It is an enticing solution for power companies looking for
sustainable ESG-centric solutions for the future.
The company accomplished this by using digital twins. Digital Twins is an application of machine learning where Artificial Intelligence runs simulations of actual devices. It predicts outcomes that can then be used to boost efficiency of wind turbines,
power grids, solar panels, etc.
Individual devices are connected to the cloud using IoT (Internet of Things) thus enabling to and fro flow of data. This means that thousands of worksites and plants can be remotely monitored and adjusted for efficiency saving cost.
The software company helps its clients achieve desired outcomes up to 75% faster while reducing reactive maintenance efforts by up to 40% in less than one year.
The technology can not only be used on renewable power companies but other fossil fuel based companies also to boost efficiency and reduce cost. Application of this technology, even outside power sector, make it a go-to solution for ESG conscious businesses all over the world.
