Fero Labs Launches ExplainIt Feature for Live Predictions to Enhance Production Knowledge
Fero Labs’ ExplainIt Feature Revolutionizes Manufacturing with Real-Time Production Anomaly Explanations
NEW YORK, March 12, 2024– Fero Labs, the leading Profitable Sustainability Platform for industrial optimization, has unveiled a game-changing feature called ‘ExplainIt for Live Predictions’. This innovative tool empowers manufacturers to diagnose and prevent issues by providing live factor-based explanations to understand production anomalies in real-time.
The ExplainIt feature, built on Fero Labs’ white-box ML technology, offers full transparency of the machine learning models used for live production optimization. It provides contextual explanations of abnormal factors influencing production, including details such as which factors are unusual, how they are unusual, the degree of unusualness, and historical production ranges for these factors.
Berk Birand, Co-founder and CEO of Fero Labs, highlighted the significance of this new feature, stating, “Production engineers often struggle to have confidence in operational changes without understanding the underlying reasons. ExplainIt sets a new standard for collaboration between humans and AI, enhancing production operations with trusted knowledge to make factories smarter, more profitable, and sustainable.”
Unlike traditional linear Root Cause Analysis tools, Fero Labs’ non-linear approach delivers results in seconds, rather than hours or days. This enables engineers to evaluate all relevant factors simultaneously, improving insight and prediction accuracy without introducing biases from preselected samples.
Moreover, ExplainIt not only provides real-time AI predictions that engineers can trust but also enhances their production knowledge by automatically saving factor explanations for future reference, training, or further analysis. The simplicity of text-based analyses makes it easier for humans to comprehend, remember, and communicate compared to visualized data.
Fero Labs’ ExplainIt feature is a game-changer for manufacturers looking to optimize their production processes and drive profitability while promoting sustainability. By leveraging AI technology and real-time explanations, factories can make confident decisions that lead to a more efficient and environmentally friendly future.
To learn more about Fero Labs’ ExplainIt for Live Predictions, visit their website.
About Fero Labs:
Fero Labs is a Profitable Sustainability Platform that empowers factories to make informed production changes for increased profitability and sustainability. By harnessing the power of AI, Fero Labs helps plants optimize resource usage and drive towards a more sustainable tomorrow.
Contact:
Sydney Dennen
sydney@purposenorthamerica.com
616-648-9176
Source: Business Wire
