Plutoshift Introduces AI-Driven Asset Performance Management Solution

Plutoshift recently announced its new cloud-based asset performance management (APM) solution for the process industry, which includes verticals such as food, beverage, and chemical. Using artificial intelligence (AI), Plutoshift now reportedly can automatically and continuously connects asset data with financial metrics so companies can better measure performance.

Companies in the process industry are expected to generate more revenues using less resources and without buying new assets. The vast amount of industrial sensor data that manufacturers rely on to meet these challenges is often trapped in aging, on-premise systems that cannot correlate the impact of asset performance over future revenue metrics.

Plutoshift’s AI-enabled APM platform is designed to let plant managers discover process inefficiencies and find new opportunities to increase throughput and eliminate wasteful spending. Its proprietary machine learning algorithms can leverage a plant’s existing historical and real-time data to visualize complex and dynamic relationships, extracting actionable insights between asset behavior and revenues.

Key features include:

• Deep analysis and intelligence: Easily connects to multiple data streams including SCADA, ERP, and CMMS to produce actionable insights on the costs, risks, and potential efficiencies of plant operations to achieve optimal performance.
• Agile integration: The solution can seamlessly integrate with every process historian available on the market today.
• On-demand insights: Interactive, easy-to-use dashboards, and alerts are accessible anywhere, providing expanded mobility for plant operators.
• Pre-built asset templates: An expansive and growing library includes assets such as membranes, cooling towers, CIP systems, clarifiers, dryers, and more.

“We built Plutoshift to give companies an easy way to bridge the relationship between their industrial data and financial performance to improve plant operations,” said Prateek Joshi, CEO and founder, Plutoshift. “AI is only as good as the business outcomes it supports, so our biggest priority is to make it as easy as possible for our customers to achieve their business goals and generate ROI as quickly as possible.”