Tag: Losses
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AI could cut disaster infrastructure losses by 15%, new research finds
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: AI applications such as predictive maintenance and digital twins could prevent 15% of projected natural disaster losses to power grids, water systems and transportation infrastructure, amounting to $70 billion in savings worldwide by 2050, according…
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Waites Helps Owens Corning Avoid $11M in Potential Losses
When Owens Corning’s ball mill began showing signs of failure at its Tessenderlo Plant, Waites’ AI-powered preventive maintenance system detected the issue before a catastrophic breakdown. The system saved over $11 million in potential production losses, repair costs, and downtime by preventing an unplanned shutdown.This success underscores the power of AI-driven predictive maintenance in safeguarding…