Uptake partners with Reliability Dynamics to enhance data preparation

Adequately preparing equipment performance data, Uptake will help customers fully recognize the benefits of AI and machine learning.

CHICAGO, IL — September 9, 2020 Uptake has announced it will be working with Reliability Dynamics to help customers better collect and prepare equipment data in order to fully gain the benefits of advanced analytics, AI, and machine learning. Reliability Dynamics works with asset-intensive companies to apply international standards to industrial data systems, resulting in high-quality organization and preparation of equipment and maintenance data. The partnership will join Reliability Dynamics’ ability to standardize complex datasets with Uptake’s ability to generate advanced analytics using such datasets.

“Across all heavy industries, corporations are failing to capitalize on the tremendous potential of artificial intelligence and machine learning,” shared Mark Benak, Vice President of Business Development at Uptake. “Uptake has proven to help customers use AI and ML to predict and prevent asset failures and unplanned downtime. By ensuring data integrity, our powerful data science models enable our products to deliver actionable insights to users that mitigate risk, optimize maintenance strategy and asset performance, reduce costs, and enhance safety.”

There’s a common problem that exists across all industries: a lack of data integrity. Unorganized and inaccurate data, as well as data living in disparate systems, hinder advanced analytics. Before customers (or any company for that matter) can reap the benefits presented by AI and machine learning, they must have a clear data taxonomy and high-fidelity in their data.

The partnership with Reliability Dynamics will allow Uptake customers across O&G, manufacturing, mining, and power generation to collect precise and accurate equipment performance data from work management systems and field personnel, thereby fueling Uptake’s data science models with quality data and resulting in more accurate insights to optimize customer’s operations. Uptake customers will have the option of using Reliability Dynamics’ ISPM® toolset in their enterprise software to increase the quality of their field data (see Figure 1).

Figure 1: Example of corporate IT landscape equipped with Uptake and ISPM technology
Figure 1: Example of corporate IT landscape equipped with Uptake and ISPM technology

“Uptake has built powerful AI products that have elevated the ability to identify equipment and process issues, predict equipment failures, and manage process risk,” shared Tony Ciliberti, Reliability Dynamics’ Founder and Principal Engineer. “Without data quality, technologies like AI and ML can fall flat. By some estimates, at best 3% of historical equipment performance data meet basic quality standards. Simply put, garbage in equals garbage out.”

Uptake works with more than 100 industrial companies across the world, including Berkshire Hathaway Energy, Progress Rail, the US Army and Marine Corps, among others. The partnership with Reliability Dynamics comes at a momentous time for Uptake with the recent launch into the market in India alongside partner Positive Edge. Uptake also recently announced the launch of its third SaaS product, Uptake Scout.

Learn more about Uptake’s work with manufacturers and heavy processing, here.

Uptake is the intelligence system for industrial assets. Providing an AI-driven asset management solution that bridges the gap between industrial assets and front-line workers, Uptake gives all departments—including maintenance, operations, finance, and sales—a single, shared view of every asset in an operation. With the power of machine learning (ML) and artificial intelligence (AI), Uptake helps customers monitor and increase the availability of assets, improve asset reliability, and streamline operations. Recognized for leadership in industrial IoT (IIoT) by the World Economic Forum, CNBC and Forbes, Uptake is headquartered in Chicago with presence in Canada, South America, and Australia. To stay up-to-date on what we’re doing, visit us at www.uptake.com and follow us on Twitter and LinkedIn.

Reliability Dynamics is an engineering and technology company that helps asset-intensive companies apply standard methods in their enterprise software for the collection of high-quality equipment reliability and maintenance data. Ciliberti is the US Expert Member in the ISO/TC67/WG4/PG1 (ISO 14224 project group), was actively involved in developing Version 3 of the ISO 14224 standard, and participates internationally as an instructor in ISO PG1 seminars and courses. Reliability Dynamics’ ISPM® Solution is ISO 14224-compliant. It is available as an SAP-certified Add-on product.

Morgan Scott, Director of Communications
morgan.scott@uptake.com; (312) 465-6345