Miri Segal’s Post

2023 was a significant year for our client OdysightAI (OTCQB: ODYS), a pioneer in visual-based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, as management successfully secured new commercial purchase orders in the lucrative aerospace industry and reported revenue growth primarily from purchases by a Fortune 500 multinational healthcare corporation. The Company also reported positive gross profit for the year ended December 31, 2023.   Key Highlights: ·     Revenues soared to $3.0 million in 2023, marking a 350% increase from the previous year. ·     Achieved a positive gross profit for the first time, reaching $0.5 million in 2023. ·     Secured significant commercial purchase orders in the aerospace vertical, signaling a promising path to product commercialization.   With $17.0 million in cash and short-term deposits on their balance sheet as of December 31, 2023, Odysight.ai is poised for continued success and innovation across the predictive maintenance landscape.   To read the full announcement, click the link in the first comment.   Yehu Ofer  Tanya Yosef Benad Goldwasser  #criticalsystemmonitoring #videoanalytics #predictivemaintenance #AI #OdysightAI #conditionbasedmonitoring #AIAnalytics #PdM #CBM #financialresults

Implementing Prescriptive Maintenance (RxM) can be transformative for organizations striving to maximize both reliability and productivity—and the Return on Investment (ROI) speaks for itself. Unlike traditional maintenance methods, prescriptive maintenance not only predicts equipment issues but provides actionable recommendations to address them before they escalate, reducing costs tied to downtime and repairs. Enhanced reliability is achieved through data-driven precision. With artificial intelligence (AI) and machine learning (ML), RxM pinpoints root causes, predicts failure timelines, and recommends exact corrective actions. This minimizes unexpected breakdowns and extends equipment life, preserving asset value while preventing costly disruptions. The productivity gains are substantial. RxM reduces unplanned downtime by aligning maintenance activities with production schedules, meaning resources are allocated only when necessary, saving time and reducing overhead. Maintenance teams can make more informed, timely decisions, ensuring smoother workflows and fewer interruptions to operations. The ROI for RxM is clear: by lowering maintenance costs, reducing downtime, and extending asset lifespans, organizations can achieve a streamlined, efficient operation that consistently supports business goals. Embracing RxM is not only a step toward operational excellence but a strategic investment in long-term financial performance. Are you and your organization ready to take your Maintenance Optimization to the next level? If you want guidance on achieving a world-class maintenance organization with Prescriptive Maintenance, we should talk.  #OneTeam #IndustrialMaintenance #SmartMaintenance #DataDrivenMaintenance #MaintenanceOptimization #OperationalUptime

JUNE 13th 9:00AM ET: I am always energized talking with customers and partners about the value of #APM at scale. If you are an asset-intensive organization that is focused on Digital Transformation, you might be feeling some of the pain that you can see in the image below. Siloes. Lack of Standard Processes. Knowledge retention concerns. Increased Cost of Ownership. Well, guess what? You can come hear me and our Product experts talk about the value of our leading #APM at scale. This webinar offers a unique opportunity to: - gain insights into GE Vernova's pioneering approach - understand how AI is shaping the future of APM - explore technology trends and elements that will help define the next era of asset performance optimization Join more than 450 already registered below! https://lnkd.in/g2jQgeam

Reduce Unplanned Downtime with VIBit’s AI-Powered Predictive Maintenance! Tired of unexpected equipment failures disrupting your operations? Discover how CIMCON Digital VIBit’s advanced predictive maintenance technology can help you minimize downtime and maximize efficiency. Key Features: ✔ Real-time monitoring ✔ AI-powered diagnostics ✔ Early anomaly detection Benefits: ✔ Prevent unexpected breakdowns ✔ Optimize maintenance schedules ✔ Improve overall equipment effectiveness Learn more about how VIBit can transform your maintenance strategy and keep your operations running smoothly. Visit www.cimcondigital.com or contact us at sales@cimcondigital.com for more details. #PredictiveMaintenance #AI #VIBit #CIMCONDigital #Efficiency #Maintenance #Industry40 #SmartManufacturing

“Yes, we’ve implemented Optical Character Recognition (OCR) and IDP (Intelligent Data Processing) technology into Jiva, our industry-leading platform, to convert faxed documents into digital text. This powerful technology recognizes and processes complex documents with high accuracy and confidence while capturing relevant information. The functionality checks for member, provider, and clinical information available in Jiva. Users can then review and accept faxes for case creation.   This technology truly advances efficiency. It reduces administrative burden by eliminating manual data entry and at the same time improves accuracy, ensuring all relevant information is captured.” ~ Prafulla Chandra Maradihalli, Sr. Director of Product Planning, ZeOmega

This conversation is tomorrow, we would love for you to join and share your questions about connecting the digital thread with GenAI. #digitalthread #genAI #AI #PLM

Get ready to revolutionize the way you work! We're thrilled to announce that our ICIS customers can now work smarter, not harder, thanks to an unbeatable combination of trusted data and cutting-edge GenAI technology. - Do you create reports? Unlock detailed insights in seconds. - Are you engaging in negotiations? Gain access to crucial details to enhance your deals. - Do you need to strategize a purchase or sale? Support your decisions with beneficial insights and swift market assessments. Elevate your productivity to new levels with #AskICIS (*) Sourced exclusively from ICIS expert data and analysis and powered by GenAI.

Register for this free, one hour webinar on Condition-Based Maintenance this Wednesday, July 17th! "A new generation of Condition-Based Maintenance Plus (CBM++) solutions is designed to scale current CBM+ capability beyond the DoDI requirements (DoDI 4151.22) by leveraging an enterprise framework strategy and robust Data Science methods (AI/ML) to predict outcomes like remaining useful life and sub-system or system failures.   These capabilities enhance asset availability, improve reliability and safety, mission effectiveness, and reduce total lifecycle sustainment costs. By enabling a Digital Thread throughout the entire process, tracking and tracing the asset and all its supporting data and transactions from end to end is possible."

Programs that utilize IT and OT data and leverage analytics are critical for driving digital transformation in life sciences manufacturing. In this video, Cognizant’s Ajit Yeole, discusses some of the key programs that have been delivered to clients, which have resulted in million-dollar-plus cost savings - such as vision analytics that helped eliminate defects in line, virtual twins that helped set up lines faster and error proof processes by augmenting technicians, and batch release process digitization, which helped shorten batch release times by 25%, to name a few. Ajit also discusses how AI adoption will impact the manufacturing process and drug quality, ultimately helping improve patient outcomes. Watch the full “Driving digital transformation excellence in life sciences manufacturing at the convergence of IT - OT data and analytics” video now. #digitaltransformation  #ITOTconvergence #digitaltwin

Great insight