US: Bentley Systems announced the early access of new data science and machine learning capabilities, powered by Microsoft Azure, for AssetWise CONNECT Edition. AssetWise users can now leverage machine learning as an extension of the embedded analytics already available within AssetWise Operational Analytics and Asset Reliability services. Beyond situational awareness and the visual operation, AssetWise now also provides an elevated level of situational intelligence to guide actions and provide early warnings of impending asset failure or operational issues that previously remained undetected, paving the way for smarter and faster ways to make data-driven decisions.
As operational data continues to grow exponentially due to the Industrial Internet of Things (IIoT), the challenge is how best to interpret and make sense of large volumes and multiple types of data and turn it into actionable information. Bentley’s machine learning capabilities provide a new level of insight into your data. Early adopters of AssetWise machine learning have taken advantage of pre-selected template algorithms and adaptive models to help predict events with little or no human intervention.
AssetWise collects and aggregates data and uses machine learning, powered by the Microsoft Azure Machine Learning platform, to deliver advanced analytics and actionable insights for data-driven decision making in maintenance and operations including predictive and prescriptive maintenance, asset health indexing, asset utilization and asset life extensions, demand forecasting, asset and workforce optimization, and strategic asset planning.
AssetWise users will better understand the patterns contained within their data, in less time. What makes the introduction of machine learning so valuable to AssetWise users is the way it combines multiple proven data science capabilities, including R for linear regression analysis, self-learning neural networks to organize data points and visualization capabilities for rapid situational awareness. This new level of situational intelligence can augment the decision-making process for critical assets.
AssetWise users in asset-intensive industries such as oil, gas, process and chemical, road and bridge, rail and transit, and electric and water utilities will benefit from this major advancement. Situational intelligence provides the ability to not only monitor and react to what is going on in real time, but also to understand potential future events through the power of predictive analytics.
Jim Newman, senior director of product management, Bentley Systems, said, “The new machine learning capabilities within AssetWise will allow our users to do even more with their data. Using a combination of R analysis, machine learning, and neural networks, our users can transform their business with the provision of comprehensive and advanced data analysis to help drive assets and operations to optimum performance.”