Luis Morinigo, VP Business Development & Strategic Partnerships at TwinThread
If you’re looking to leverage a predictive analytics platform, you’re interested in learning fast and acting faster. A predictive analytics platform can drive your organization toward greater efficiency by removing barriers preventing your domain experts from accessing the key insights they need to make critical decisions. However, just choosing any old predictive platform isn’t necessarily going to result in quick optimization. The reality is, many solutions require considerable time and commitment from your organization just to get started.
That said, it certainly doesn’t have to be this way. A comprehensive platform backed by an industry-experienced provider should allow you to confirm value lickety-split. And, remember - you’re impatient to see quantifiable results with regard to operational efficiency. You should carry that impatience over into the prospective solution’s proof of value phase. Don’t languish in limbo - not knowing over an extended period whether a particular platform will deliver the goods. Don’t accept anything less than a predictive solution (and provider) that’s keen to find out fast (whether it’s a fit or not).
The old adage - “time is money” - certainly rings true in this instance. The proof of value phase of any enterprise solution is only the beginning - but it’s also about the solution provider putting their best foot forward. If they haven’t harnessed their platform to allow your organization to prove worthiness in an expeditious fashion, what does that say about the speed at which (or lack thereof) the system will offer up the insights necessary to optimize your operations going forward?
This resource will detail how we, at TwinThread, value speed in everything we do. We don’t just want your experts working with the best information. We want them actioning the key insights ASAP. Your Predictive Operations Platform of choice shouldn’t serve as yet another barrier to progress and improvement. It should remove stopgaps and empower your problem-solvers to overcome challenges on a daily basis.
Plain and simple - whatever predictive solution your organization pursues, it has to connect to your existing data sources easily and quickly. In the Litmus Test of assessing a prospective platform, whether it’s capable of drawing on your existing information has to be very high (if not first) on your list of prerequisites. Whether your organization uses SCADA Systems, Historians, MES Systems, CMMS, IoT devices and sensors, or any other variety of data center - your predictive solution of choice should pair with the source painlessly and show immediate promise of insight curation.
Your problem-solvers are busy innovating and optimizing all operational efforts. They don’t have time to struggle with a tedious implementation process. The whole purpose of a predictive analytics solution is to empower speed to greater efficiency. If it’s slow out of the gate, because it’s difficult to connect, this is just pushing the time to insight further out. What your subject-matter experts need is to connect to your data in minutes, gain meaningful insights in hours, and be empowered to operationalize those efficiencies in days.
You’ll notice an evident theme throughout this resource that time is of the essence when you are trying to prove the value of a predictive operations center. This is why getting started with a new solution needs to be fast.
The more capable you are in condensing the time between implementation and insight, the more evident the solution’s value will be. Your solution provider should interpret the first days as a race against the clock - to ensure your organization can plainly see the quantifiable value their offering will yield.
Draw on Existing Data
It’s a fair assumption that there’s most likely not a scarcity of operational data within your organization. In all probability, there’s so much to deal with that it can feel (at times) like you’re immobilized by it. What your in-the-field experts need is a shortcut to the insights that are just waiting to be found within your clustered data. The scenic route may get you to where you’re going, but certainly not quick enough when it comes to establishing and sustaining a competitive advantage.
But let’s take a step back for a second. Sure, having a large collection of data can be overwhelming and can result in informational overload. However, it’s also the critical resource you need to gather insights. So, if you have a solution that can meaningfully curate the data for you, it’s actually a lot better to have more, than less. A predictive solution that prioritizes speed to insight will support your experts’ innovation by offering the key pieces of information fast (unencumbered by the rest of the data noise).
Allowing your domain experts to cut through the ocean of information that your organization has is just another example of how a worthy predictive platform proves its value in an abbreviated timeframe. The heavy lifting is already done - your organization collected all of the data.
Now, it’s time to exploit information and convert the key insights into operational action. Not in a year’s time, not in a couple of months - now. Your insights are waiting to be found - use a predictive solution that doesn’t make your domain experts wait any longer.
It’s one thing to uncover insights quickly. It’s something else entirely to be able to visualize those insights through customized graphical animations. Bringing your data to life by pairing insights with illustrated representations of the assets your experts interact with day in and day out allows for faster and more comprehensive understanding of the opportunity the suggested adaptation presents. By visualizing your information through these “digital twins”, operationalizing insights happens faster and more accurately.
As stated above, a digital twin is a computer-based render or representation of a physical asset. For example, you have a fleet of pumps that you are monitoring. By applying a digital twin, you would be able to stay informed on the technical specifications and performance metrics regarding that pump, no matter where you’re located (anywhere in the world). So, instead of having to be right beside the pump itself to acquaint yourself with the in-line data, you’re never removed from it.
Not only will you see the current information about the pump, but you will also have the ability to see the history of the pump’s performance. This can support your experts in determining performance trends that will result in the prevention of outside ideal conditions and increase that particular asset’s life (and the life of all similar assets by scaling insights cross-operationally).
When a predictive platform visualizes your data, it’s making information more tangible and providing yet another perspective from which insights can be consumed and acted upon. The more ways your data can be interpreted, the less barriers there will be to understanding it clearly. Value will be experienced faster if understanding your data can be simplified. Visualizing and contextualizing your information is just one way that a predictive operations center accomplishes that.
Learn & Analyze
As an innovative organization, looking for opportunities to learn and analyze is nothing new - it’s how you continue to push the needle on operational improvement. However, just as there are more optimized methods for running your lines, there’s also more optimized methods for uncovering key insights and interpreting what they mean for your operations (at scale).
One of the methods a predictive operations center employs to provide your engineers (and operators) with quick wins when driving efficiencies is the application of digital threads. Digital threads are no-code logical workflows that are used to automate calculations or operationalize actions. Threads are automatically running in the background and evaluating all anomaly conditions. The actions represented by a digital thread could be a trigger of something that can happen when an event occurs, such as sending an email directly to the service team or calculating actions back to the data source to create an automated setpoint change.
Deployment actions, represented by digital threads, are scalable across millions of assets and can be easily managed by domain experts on a single platform. Adding intelligence to operations in this way is very quick and effective.
In terms of proving value quickly, the speed at which digital threads allow your engineers to interpret real-time data and act upon what they are learning ensures that if there are measurable results to be realized, they will be promptly.
Make Insights Accessible
When it comes to your organization’s assets and the processes applied to them, who knows them best? Your domain experts (engineers and operators), of course. So, it only makes sense that if you’d like to expedite proving the value of any enterprise solution related to your operations, that those subject-matter experts be brought into the fold.
If a platform makes the rookie mistake of ignoring your problem-solvers, not only will the proof of value process get on a lot slower, you may also come to find that there’s far less value to be gained than you’d hoped. The efficiency optimizing power you seek already exists within your teams. They just need a platform that will allow them to quickly scale their know-how across the organization. A predictive system that prioritizes speed to insight and targets your experts as the most important drivers to meaningful change will bring to the surface your engineers’ superpowers.
Predictive providers that have industry experience backing the decisions they make about their platform know that the most direct route to value is with the collaboration of each organization’s domain experts. When you boil it down, predictive analytics is all about gaining as in-depth an understanding of your operations as is possible. It makes next to no sense to exclude those individuals who are the most knowledgeable about operations for this endeavor. Conversely, it makes all the sense in the world to lean on them heavily and offer a system that targets the insights at them.
Make sure your platform of choice is speaking the language your experts are familiar with. Value can only come through greater efficiency. The steps needed to optimize operations can only be actioned by your in-house know-how. And, your experts can only action insights if the platform they use puts them in a strong position to understand quickly. With a platform that knows how to formulate your data in a manner that is immediately consumable by those who know how to effect real change, the value will be clear in no time at all.
Speed to value (or, lack of value) is everything. To remain competitive, you need to move fast. But not only that - your problem-solvers want to move quickly too. They want to be unleashed and want their reach to be expanded. The more challenges they can be empowered to act upon, the more fulfilled they’ll feel - and the more optimized your operations will be.
However, you’ll never make it to gaining insights portion of the experience if the predictive provider can’t prove their worth fast. Ensure you draw upon a platform that checks all the above boxes. With a solution that connects to your data in a snap, makes use of your existing data lake, visualizes your information through digital twins, encourages real-time learning through digital threads, and (most importantly) puts your subject-matter experts front and center - you should have no trouble making a timely and informed decision on whether the particular platform will produce the results you’re looking for.
With TwinThread’s combined expertise in machine learning technology and industrial environments, our platform embodies the ideals of Industry 4.0. What’s more, we know that optimal performance is performance at speed. To learn more about how we prove the value of our predictive operations platform quickly, get started.