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Fusing Multisensor Data with AI-powered Analytics for Facility Monitoring
Introducing Facility Monitoring for Comprehensive Visibility Into Your Industrial Facilities
Today’s world is filled with challenging events and issues that, even on a good day, will create havoc for your business. Whether it's a fickle, ever-changing consumer taste, issues with the supply chain that disrupts the delivery of products, economic volatility that affects their buying power, climate change that affects what can be produced, or unforeseen wars which bring disastrous consequences, every business has one thing in common: they can’t see what is happening. If you cannot see what is happening to your business, it becomes impossible to be able to mitigate issues that affect your bottom line.
“Seeing” your business clearly is about accomplishing three crucial things; driving top-line growth, mitigating risks, and reducing costs to drive the bottom line. The emerging field of geospatial analytics focuses on using data that brings the entire world to life in a way that was not possible before. And as the types of data that give you this unprecedented view explode, the next question is how it can deliver against the three things listed above.
Is there a silver bullet?
In the quest to gain insights about your business, no single data set will accomplish everything. This is especially true for geospatial data. There is no one silver bullet data source that can let you “see” your business comprehensively on its own. Satellite imagery is great, but there is too much data to analyze it efficiently, and it struggles with consistent revisits. Mobile telemetry data may give you a picture of where people are in general, but it isn’t always comprehensive at the place you care about. From a business perspective, bringing individual data sources to life by itself won’t give you the most complete picture when you have important business questions you need answers to. If you want to bring a place on Earth to life so you can learn what is happening there, you need a multi-data set, multi-algorithm platform-based approach.
Facility Monitoring Solution
Facility monitoring is based on a company being able to answer specific business questions about what is happening at a site, what is happening around a particular asset, and how that asset compares to one or many other assets. Think about that. What if you pick any location in the world, circle it, and find out what activities are happening at that location? What if you could circle a thousand sites and know when something changes at any of those locations in near real-time? What if you could learn more about the relationships that exist between your facility and other facilities you do business with? This is the new world of facility monitoring, and it can change the way you run and “see” your business going forward.
Orbital Insight’s facility monitoring solution leverages multi-source geospatial data and AI-powered analytics, providing comprehensive 360-degree visibility into any industrial site in your organization’s ecosystem. Starting from your lower-tier suppliers to your production facilities and all the way to your competitor’s sites, facility monitoring can cover every component of the value chain, from facilities that process raw material to final production and shipping and logistics.
What kind of Data is useful?
Facility monitoring is best accomplished through the triangulation of various data sources to create a more complete picture of what is happening on the ground. A good platform is focused on telling these stories agnostically; by bringing the right data to the right problem at the right time. Examples of a few of the data sets include Foot Traffic data, Connected Vehicle Data, AIS Ship Data, and Satellite Imagery.
Facility Monitoring as a Mobile Command Center
Many companies that produce goods are in a bare-knuckle fight for margin, on-time supply, and ensuring their inputs are where they are supposed to be so they can deliver their products to customers on time. What if you could walk into your office each morning, open up your computer, and be told across your entire supply chain where you should be paying attention, how much would that be of worth? What business questions would you want to be answering if you had such a purview? What decisions could it enable that would help drive your business? Whether you are monitoring your plants, your competitors' plants, distribution centers, truck movements, ports, ships, or planes, the key is to know if something is worth paying attention to. And to do this, you will need both a wide array of geospatial data sources as well as AI algorithms capable of bringing those vast data sets to life. And when you blend all this together, you will see things clearly - trends, patterns, and insights that will help you avoid risk, reduce costs and drive growth.
To show you what’s possible, we will be publishing a series of blogs to show you how a variety of data sets with strong math can tell a business story to give you unprecedented sight into the happenings of business. Stay tuned!