Nokia announced that it will partner with Pöyry, an international consulting and engineering company, and Infosys, a global leader in next-generation digital services and consulting, to further enhance and accelerate the adoption of KRTI 4.0(TM), an artificial intelligence (AI) framework for operational excellence.
The KRTI 4.0(TM) framework applies AI, cognitive/machine learning and machine-to-machine (M2M) capabilities to the industrial environment and addresses complex and expensive lifecycle management challenges faced by industry, utilities, transportation and infrastructure organizations across operational technology (OT) systems. The applied methodology identifies critical enterprise systems and assets and provides a deep understanding of their behavior to unlock and create new value for customers by reducing system maintenance costs and expensive operation shutdowns, improving reliability and enhancing employee and environmental safety.
KRTI 4.0(TM) uses predictive and prescriptive analytics, that empowers decision makers with real-time knowledge on the best and the most effective operating and maintenance options for their OT systems, leveraging tools such as real-time dashboards, RAMS (Reliability, Availability, Maintainability, Safety) modelling capabilities, augmented reality, chatbot functionality and more enabled by highly secure and reliable connectivity.
Chris Johnson, Global Head of Enterprise at Nokia, said: "A key component in realizing the promise of Industry 4.0 is ensuring global IoT connectivity across the supply chain, the factory and the distribution networks. Dedicated wireless networks based on LTE & 5G, along with WING, offered in cooperation with our mobile network operator partners and coupled with our IMPACT platform, are a key enabler in solving this global IoT connectivity challenge. We are excited to be working with other IoT industry leaders to help make Industry 4.0 a reality."
Richard Pinnock, President, Energy Business Group at Pöyry, said: "Our KRTI 4.0(TM) framework using RAMS modelling methodology puts the Pareto principle's 80/20 rule at the heart of the decision-making process. We know the criticality of each part of the asset and focus our data collection strategy and analytical predictive capabilities where it matters most. In KRTI 4.0(TM) real-time data from critical assets is converted to information with innovative computing and business intelligent algorithms enabling proactive prescriptive decision making. This is the difference; and for this to be made possible, industrial-grade secure IoT connectivity is key. This is where Nokia steps in to bring market-leading IoT connectivity solutions and expertise to the KRTI 4. 0(TM) framework".
Nitesh Bansal, Senior Vice President and Global Head of Engineering Services at Infosys Ltd., said: "At Infosys we are focused on helping our clients maximise the potential that digital services including IoT have to offer. Through KRTI 4.0, we are focused on maximising the value that our clients are able to derive from their existing assets. We are pleased to have Nokia join this alliance, to accelerate the adoption of the framework at an enterprise scale, while ensuring security, legal and regulatory compliance."
Source: Nokia Press Release