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What is Novity?

Novity’s TruPrognostics™ engine offers valuable insights into the time remaining until maintenance is necessary, enabling you to forecast your plant's future and make well-informed decisions today. Many companies face challenges due to insufficient high-quality historical data, which can impede effective predictive analytics; however, Novity effectively tackles this challenge through a distinctive combination of machine learning algorithms and physics-based models that relate to common machinery issues. By seamlessly integrating appropriate IoT sensors, Novity guarantees peak performance irrespective of the quality of previously available data. The application provides clear indications of when equipment is likely to experience failure, reducing the reliance on intricate chart analyses and allowing you to prioritize the smooth operation of your plant. This groundbreaking approach utilizes the principles of physics to generate precise predictions regarding failure timelines based on the unique development of various faults. Consequently, users are empowered to proactively manage their maintenance plans and significantly improve overall efficiency in their operations, ultimately leading to a more reliable production environment. Through this system, organizations can achieve greater resilience against unexpected downtimes.

What is Aspen Mtell?

Recognizing patterns in operational data is essential for anticipating deterioration and potential malfunctions well in advance. By implementing precise failure pattern identification, organizations can significantly reduce the occurrence of false positives that are often problematic in model-based methodologies. The use of advanced machine learning approaches enables a rapid differentiation between typical and atypical behaviors, which can lead to the activation of equipment protection measures within weeks rather than months. Additionally, the collaboration between Aspen Mtell and Aspen Cloud Connectâ„¢ allows for seamless access to devices operating under OPC UA, further enhancing analytical capabilities. This integration serves as a crucial line of defense against asset degradation by identifying early indicators of failure through operational data analysis. Moreover, incorporating AI-driven agent development improves current maintenance practices, enabling swift deployment of autonomous agents across multiple locations or even throughout an entire organization. With the focus on accurate failure pattern detection, businesses can greatly minimize the frequency of false positives often seen in conventional model-based approaches. By utilizing streamlined machine learning techniques, companies can quickly identify and respond to both standard and irregular activities, ensuring robust protection for their equipment and optimizing operational efficiency. This proactive approach ultimately fosters resilience and reliability in asset management strategies.

Media

Media

Integrations Supported

Integrations Supported

SAP Store

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Novity

Date Founded

2022

Company Location

United States

Company Website

novity.us

Company Facts

Organization Name

Aspen Technology

Date Founded

1981

Company Location

United States

Company Website

www.aspentech.com/en/products/apm/aspen-mtell

Categories and Features

Categories and Features

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