AVEVA announces new AI-powered software

AVEVA has announced the launch of its latest AVEVA Predictive Analytics software release, purpose-built for predictive monitoring of industrial assets in oil and gas, power, chemicals, mining and minerals, and manufacturing.  The software helps industrial operators achieve the highest possible levels of reliability and performance of industrial assets while improving sustainability and increasing workforce productivity. 

This software release makes it significantly easier to deploy, validate, maintain, and clearly interpret the results of predictive models, enabling asset stakeholders to make better, more timely and informed decisions to improve profitability. 

The new release features automated model building. This new capability enables users to autonomously deploy new predictive models in a single action.  This greatly reduces the time required to deploy and scale the predictive maintenance solution while reducing errors and ensuring consistency in model development. 

AVEVA continues to deliver on market and customer requirements with a bring your own algorithm capability.  This enables data science teams to add their own artificial intelligence algorithms and intellectual property to the solution.  Furthermore, deep integration with the AVEVA PI System ensures AVEVA’s customers are continuing to capture increased value from their existing industrial software investments. 

David Bleackley, Value Chain Optimization Lead at AVEVA said, “Data is the new currency of the industrial world and an effective predictive asset monitoring strategy is predicated on the ability to continuously transform massive amounts of sensor data into clear and actionable results.  Operationalizing a predictive monitoring program at scale has never been easier than it is now with AVEVA’s PI System and latest predictive analytics software release”.