by Lauren Stone | Oct 1, 2024
When dealing with industrial asset management, building an accurate asset model is essential for organizing equipment, improving maintenance processes, and ensuring reliability across the entire operation. However, creating these models manually can be a painstaking... by Lauren Stone | Sep 26, 2024
Inaccurate cost estimation doesn’t just cause headaches—it can derail entire projects. By moving away from historical benchmarks and adopting data-driven methods, organizations can improve the accuracy of their forecasts, reduce the risk of overruns, and maximize... by Lauren Stone | Sep 24, 2024
Cost estimation plays a pivotal role in determining the success of any industrial project. In each step of the process, accurately forecasting necessary budgets ensures that projects remain on track and on schedule. However, many organizations still rely on historical... by Ria Ghuman | Sep 19, 2024
AI-driven data extraction technologies hold immense potential to transform industries by reducing manual work and improving accuracy. However, if these tools are difficult to use, their effectiveness is greatly diminished. This is where user-centered design becomes... by Ria Ghuman | Sep 17, 2024
AI-driven data extraction technologies hold immense potential to transform industries by reducing manual work and improving accuracy. However, if these tools are difficult to use, their effectiveness is greatly diminished. This is where user-centered design becomes... by Ria Ghuman | Sep 12, 2024
Given the high stakes, relying on manual data extraction is no longer practical. AI and machine learning, are revolutionizing how data is extracted and interpreted from industrial diagrams. These technologies offer significant benefits, such as cutting extraction time...