Operations and service make between 30% and 80% of the lifetime costs for high-value asset fleets.
Optimizing service costs and asset availability is a key Digital Transformation opportunity.
Industrial AI, such as Mitek’s AI applications, might be pursued under Industrial IoT or Industry 4.0 umbrella. The AI reports practical KPIs for managing the processes towards higher availability and lower cost as well as assessments of potential improvement decisions. Example KPIs are: bad actors detected, effectiveness of process change (e.g., of part modification or new vendor), and performance change direction.
Mitek’s AI apps are provided as open API services that can be integrated with your IT platform.