Augury and Grundfos Partner on Predictive Maintenance Solutions
Grant Gerke | October 18, 2018
Manufacturing partnerships have always had a place in the marketplace but once the Industrial Internet of Things (IIoT) movement picked up momentum, new alliances began to accelerate. Many partnerships have been around low-hanging fruit on the plant floor, such as condition-monitoring or predictive analytics for production lines, be it processing or end-of-the line.
A relatively new entrant in the machine learning space — 2011 — is Augury (New York, www.augury.com) and the company recently announced an agreement with Grundfos on Sept. 25 “to bring continuous diagnostics to Grundfos’ (www. grundfos.com) customers as well as co-developing smart diagnostics capabilities in future products.”
Grundfos provides pumps and pump solutions to commercial and residential customers.
This agreement is aimed at the commercial category. “The partnership will combine Augury’s unique knowledge within algorithm powered machine listening, with the deep expertise in water technology and pump systems of Grundfos to create ready-to-implement, world-class condition monitoring services, and solutions,” according to Augury,
“Artificial intelligence (AI) and machine learning are transforming how we access and consume water,” adds Fredrik Östbye, group vp, head of digital Transformation at Grundfos. “We’re excited about our new partnership with Augury and together we will make water and pump systems more reliable, sustainable and resilient for years to come.”
A recent 2017 survey, conducted by Boston Consulting Group and MIT Sloan Management Review, says “83% of the respondents considered AI to be a strategic priority for their businesses. The survey, interviewed 3,000+ executives, managers, and analysts, from 112 different countries. 84% of the respondents also believed that implementing Artificial Intelligence and Machine Learning in everyday business operations can help them be more competitive.”
The agreements reinforces the trend of suppliers and technology providers bundling their products to lean into continuous services for customers. At the recent Pack Expo 2018 packaging conference in October, a leading original equipment manufacturer (OEM) in the filling and sealing category described their effort to publicize their partnerships to provide a turnkey solution and support going forward.
It’s obvious the value-add in this endeavor and the beat goes on in the condition monitoring space.