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How Festo Applies Artificial Intelligence for Predictive Applications To showcase the use of AI in its automation technologies, Festo highlighted two use cases involving predictive maintenance and predictive energy. Apr 20th, 2021 As part of Festo’s exhibit at the 2021 virtual Hannover Messe event, the company featured its Festo AX software, developed by Festo and Resolto (a Festo subsidiary specializing in artificial intelligence). Dr. Frank Melzer, member of Festo’s management board for product and technology management, noted that Festo uses condition monitoring and machine learning to monitor the behavior of its customers components, machines, and systems. “AI is the enabler that takes the automation business to a new level of efficiency,” he said. “We continuously monitor machine data and check it against our AI model, which describes the good state of a component or machine. The AI algorithms then detect deviations from the normal state an ....
Koenig & Bauer Announces Successful Launch of Predictive Maintenance piworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from piworld.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article ResearchAndMarkets.com s offering. The global smart elevator market size was valued at USD 9.7 billion in 2021 and is projected to reach USD 12.6 billion by 2026; it is expected to grow at a CAGR of 5.4% from 2021 to 2026. The growth of the smart elevator market is majorly driven growing need for reducing energy consumption in buildings, increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization, smart cities development among others. COVID-19 has emerged as a global pandemic that has spread in several countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of applications may have a considerable direct impact on the smart elevator market. ....
Predictive maintenance on packaging machines reduces production downtime. healthcarepackaging.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from healthcarepackaging.com Daily Mail and Mail on Sunday newspapers.