The Evolution of AI in Asset-Intensive Industries
Since the early days of automation in the 1960s, artificial intelligence (AI) and machine learning have revolutionized asset-intensive industries. Moving beyond basic automation, companies use the AI-powered Industrial Internet of Things (IIoT) to improve frontline worker experiences. As highlighted in the Hype Cycle for Frontline Workers, the rise of frontline worker platforms signals a paradigm shift with exciting possibilities for the future.
Why AI-Powered Connected Worker Platforms are Essential
According to a Mining Weekly study, with hourly costs reaching $1000 for dump trucks and even higher for excavators (Cummins), the high cost of downtime in mining is a stark reminder that traditional methods aren't enough in today's automated and AI-driven world. A single shift of downtime can cost millions.
This coupled with the pressure of the critical minerals boom forces mining companies to innovate or face extinction. As a PwC survey reveals, 41% of mining CEOs believe their companies won't survive another decade on their current trajectory. The answer lies in maximizing the potential of all resources, both human and machine.
Here's where AI-powered connected worker platforms come in. These platforms bridge the gap between frontline workers and technological advancements, fulfilling the crucial need to combine human expertise with cutting-edge technology. They leverage real-time data to generate actionable insights and foster a continuous improvement mentality, echoing the principles of Kaizen philosophy.
These platforms seamlessly integrate human intelligence with cutting-edge technology, paving the way for enhanced efficiency, reduced downtime, and ultimately a more resilient and competitive mining landscape.
Innovapptive’s AI-Driven Capabilities
Innovapptive leads the way in tackling industry challenges in plant maintenance, operations, and warehousing. Our AI-powered solution for SAP Plant Maintenance streamlines operations and maintenance, reduces Mean Time to Repair (MTTR), and enhances efficiency.
Key Innovapptive Features Supporting Intelligent Workflows and Automation:
- AI Digital Assistant: Provides frontline workers with real-time contextual guidance, troubleshooting tips, and access to relevant documentation.
- Gen AI Form Builder: Quickly creates SOPs and inspection checklists, generates questions and response types, and allows real-time data entry to boost accuracy, efficiency, and safety compliance.
- Asset 360 Dashboard: Get a quick, comprehensive snapshot of your assets’ history, past work details, and current conditions while keeping tabs on expenses and issues — all in one place with smart suggestions.
- Advanced Computer Vision Technology: Our app's camera acts like a superhero's keen eye, spotting even the tiniest wear and tear to eliminate pesky manual errors. By catching issues early, we turbocharge Mean Time Between Failures (MTBF) and keep your assets running smoothly, boosting productivity and safety to the max.
- Risk Matrix based Prioritization: Sort out your inspection and maintenance activities like a pro, saving time and money by focusing on high-risk equipment first and allocating resources effectively.
- Automated Shift Handovers: Seamlessly handle shift changes and ensure a smooth flow of knowledge between teams without any hiccups. It's like having an eagle eye for audits, catching every detail, and saving big on compliance costs!
- Intelligent Unified Platform: At the heart of our platform lies Innovapptive’s patented RACETM solution that lets supervisors configure and customize operations through a simple WYSIWYG interface.
But wait, there’s more! Seamlessly integrate third-party systems for a fully connected worker experience with deployment speeds up to 10 times faster.
Driving Improved ROI with AI-Powered Solutions
From a return on investment (ROI) perspective, AI-powered platforms offer tangible benefits:
- Enhanced Frontline Worker Productivity: Optimize wrench time by 15-20% through streamlined work order processes.
- Risk Mitigation: Reduce unplanned downtime by 17-22% as AI algorithms foresee disruptions.
- Efficiency Boost: MTTR decreases by up to 20%, facilitating faster repairs.
- Cost Savings: Minimized losses from human error and communication issues enhance the bottom line.
- Elevated Workforce Engagement: Frontline workers embrace AI-powered tools, enhancing capabilities and autonomy while imbuing roles with greater significance.
Source: Innovapptive Customer Data - Q1’24.
Eager to Discover More?
Innovapptive leads the way in connected worker platforms with a comprehensive suite of pre-packaged application software that reduces unplanned downtime, increases workforce engagement, and future-proofs your mining business.