CHICAGO, Oct. 17, 2019 /PRNewswire/ -- Industrial artificial intelligence (AI) leader Uptake announced today it has partnered with Symboticware to provide mining companies with an end-to-end, integrated AI and data science solution to increase the productivity of mobile mining equipment.
The joint solution combines Symboticware's SymBot® device, which provides comprehensive data capture from mining fleets, and Uptake's Asset Performance Management (APM) software, Asset IO, which applies AI to surface predictive insights from the data. The combination of the two arms users with:
- Data-driven cost reductions: For an average medium-sized mining site, Asset IO can save as much as $2.5 million annually in haul truck maintenance, fuel and tire costs alone. Additionally, operator and fleet productivity is optimized with the help of benchmarking and informed decision-making.
- Actionable insights for continuous improvement: Asset IO quickly turns data into actionable, AI-driven insights. The software deploys AI models that are pre-trained to drive greater performance, reliability and availability of the mobile mining fleet.
- Greater visibility into assets: Collect data from sensors, store time-stamped values in an internal database and seamlessly transmit data for AI analysis.
"Optimal machine health and performance is critical to getting the most out of investments in equipment, and to achieving a high return on capital employed," said Ash Agarwal, Director of Mining, Uptake. "Performing regular maintenance on haul trucks can be labor- and time-intensive, with the added cost of unplanned downtime having a significant impact on throughput and operating expenses. This integrated solution provides the best of industrial IoT and AI to reduce downtime, minimize operating expenses and aid in the development of a comprehensive maintenance program."
"Industrial data is only as good as the insights that can be gleaned from it," said Kirk Petroski, President and CEO, Symboticware. "This solution delivers predictive insights that are both accurate and actionable, providing users with sufficient lead time into maintenance issues so they can be ahead of the curve. That ability to proactively mitigate maintenance problems yields a proven, measurable increase in productivity."
Uptake and Symboticware will be exhibiting at the Future of Mining Americas conference, taking place Oct. 21-22 in Denver. Stop by booth No. 20 or email firstname.lastname@example.org to set up a meeting and see the joint solution in action. Be sure to check out Ash's panel discussion on Oct. 21, "Analyze, Adapt and Overcome: How Can Miners Build and Integrate an Effective Digital Strategy into their Operations?"
Uptake's AI-driven software products deliver insights to global industry. Our customers depend on Uptake to increase productivity, reliability and safety — and we do it by delivering actionable insights to the operational front line. Recognized for leadership in industrial IoT (IIoT) by the World Economic Forum, CNBC and Forbes, Uptake is headquartered in Chicago with presence in Canada, Europe and Australia. Visit us at www.uptake.com.
Symboticware's industrial IoT hardware and software platform helps customers unlock, collect, and analyze valuable data from their mobile and fixed assets. It enables businesses to optimize productivity, improve resource efficiency, increase equipment availability with preventive and condition-based maintenance, and enhance safety with real-time operator feedback. Symboticware is used in rugged and remote mining areas around the world, from the far north to kilometers below the earth's surface.