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USING IOT AND MACHINE LEARNING FOR ASSET MANAGEMENT

When small production platforms have backup equipment sitting around unused for long periods of time, it often leads to mechanical equipment failures that can cripple production for days or weeks on end.  Thankfully, there’s help in the form of new technology.  IOT and machine learning can be used to predict mechanical failures with enough lead time to get new equipment on-site before failure to eliminate unnecessary shut-in, and the ability to do this starts at the data layer.