Nanoprecise Sci Corp is doubling the deployment of its AI-based Predictive Maintenance Solution in Metal Sector Across Asia.
BANGALORE, India, Nov. 22, 2021 /PRNewswire/ —
The Asian Metal sector continues to see significant growth with rising industrial demand in the domestic markets and renewed focus on infrastructure in US and Europe. Asian metal manufacturers are set to boost their production capacities to align with this demand and their new strategic goals that align with sustainable manufacturing practices. With rising demand, it is essential to maintain the plant machinery in good condition so as to avoid any catastrophic impact on production and human lives.
Unplanned downtime is an expensive affair for the metal industry as it directly affects production processes. When a steel mill experiences unplanned shutdown, all related industries such as infrastructure are affected, leading to huge financial losses for the business and having significant impacts on the precarious global markets that are experiencing high demand and limited supply. Therefore, it is necessary to combat unplanned downtime by predicting the faults in advance, so as to prevent the financial loses and improve the worker safety thus fuelling economic development.
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