Radix US CEO interviewed by ARC Advisory Group
Flávio Guimarães discuss how digital transformation is shaping operations and decision-making strategies.
Radix US CEO, Flávio Guimarães was interviewed by ARC Advisory Group Contributing Analyst, Peter Reynolds on the growing interest in digital transformation in many industries and how majority of customers are pursuing new technologies.
Many industries see the need for predictive analytics in order to grow support from remote centers. This enables centers to aid all their locations around the globe more effectively. “The industry is shifting to enhance asset management with more predictive analytics to support recommendations about what should be done whenever an issue appears,” said the US CEO.
When discussing key initiatives to address customer’s challenges, Guimarães talks about the need to treat (cleanse) the data before feeding analytics algorithms to improve quality and make it more reliable. The US CEO said, “there is a concern about how reliable the data is and what kind of treatment and quality assessment we need before feeding applications.”
Guimarães also addressed how unplanned downtime in various industries such as Oil and Gas, Chemicals, Pulp and Paper, Food and Beverage is a major concern and how Radix is specifically addressing this issue. “The goal is to get to zero downtime using predictive maintenance applications,” said Guimarães. The company has been working to minimize unplanned downtime in an equipment level. “We have developed specific algorithms for specific equipment to warn first signs of failures and we are happy with the results. Some of our clients reduced unplanned downtime by 75%. For a single equipment this can mean about 5 million dollars a year, therefore when you expand and rollout these solutions for an entire fleet there is a large ROI on these applications,” finalized the US CEO.
Another technology frequently used by companies interested in digital transformation is digital twins. Radix partners with companies that builds digital twins. Radix takes existing 3D models and transform the digital twin in a data aggregator to connect with different systems such as engineering documents, operational data, transactional data in SAP, or maintenance data. This can enable real-time data to be monitored in the digital twin.
As an example in an equipment level, digital twins can identify which specific part of the equipment can fail depending on the operational condition.
When asking about augmented reality, Guimarães, was asked how it can help operators or maintainers. “We partner with Microsoft using their Hololens to enable field service technicians to address problems with support from the experts from remote support centers. This is a very useful technology to improve performance from the field service team,” finalized the US CEO.
The interview was filmed during 2019’s ARC Industry Forum in which Radix was a sponsor.
Watch the full interview below: