Siemens Digital Industries Software has entered into a partnership with Tangent Works to deliver simple-to-use artificial intelligence (AI) capabilities to get more value from the Internet of Things (IoT) data.
The new, ‘AI for Everybody’ solution integrates the power of Tangent Works InstantML technology into MindSphere, the industrial IoT as a service solution from Siemens, to enable users to instantly leverage IoT data collected by MindSphere for new insights. It does not require any complex model training and management.
Many organisations still struggle to scale their digital transformation projects and leverage IoT data using advanced artificial intelligence (AI) and machine learning (ML) technologies. Machine learning does offer opportunities for industrial applications but often requires deep knowledge about advanced statistics and how it’s applied in industrial use cases, as well as the scarce and expensive resource of data science experts.
“We are witnessing massive investments into digital and AI as companies get ready for post Covid-19 operations. Already before the pandemic, our research showed that a shortage of digital talent, especially in IT and data science, was the biggest challenge for companies looking to realize IoT, Industry 4.0 and AI initiatives,” said Knud Lasse Lueth, CEO at IoT Analytics in a written statement. “This challenge will only get worse in the coming years and most firms will simply not find the experts that can build the machine learning models and integrate them into everyday operations. Companies that cannot find or afford these highly specialized digital employees will turn to low-code software tools to empower non-technical employees, or ‘citizen developers’.”
Using Tangent Works’ InstantML as an embedded component in MindSphere gives industrial users the ability to very quickly add AI capabilities to their MindSphere applications and solutions. With this approach, the IoT data stored in MindSphere can be instantly leveraged to generate actionable insights and prescriptive tools, enabling important industry use cases such as predictive maintenance, performance optimization, quality management and energy management.
“We always believed in the potential of our InstantML technology for industrial data,” said Henk De Metsenaere, co-founder of Tangent Works in a written statement. “Now that Siemens has teamed up with Tangent Works this potential can be unlocked.”
Image credit: Siemens