Over the last several months, reports have piled up on the missteps big data solutions are having with IoT Industrial Applications.
There are many benefits to using additive manufactured parts, including higher efficiency, on-demand production, lighter weight components and use of environmentally-friendly materials.
The aerospace, energy, medical and transportation industries have been looking at ways to integrate AM parts into their production strategies.
The world has witnessed the evolution of business.
Why does a computational software company need a physical test lab anyways?
Since our Series B funding round closed last July, we've been adding new critical team members to our staff each week. Yesterday, our CEO Ward Thomas took our new Vice President of Supplier Network, Karen Hannum, and our Chief Financial Officer, Brendan Harrington, to the Center for Computational Research to see where our materials-based models are simulated.
Article Featured in North American Clean Energy Magazine:
Wind turbines are designed to operate for 20 years. However, wind operators experience gearbox failure rates of up to 50 percent across the lifetime of their fleet. As a result, the industry spends billions of dollars annually in supply chain costs. High transportation costs and logistical difficulties, especially in remote and offshore locations, contribute to an asset manager’s need to invest in digital technologies that provide visibility into the maintenance and inventory budget needs on an annual and multiyear basis.
Over the last six years, GE has spent more than $4 billion transforming its 125-year old GE, traditionally known for manufactured products, and set out to turn it into a digital company. GE attributed the shift in business strategy and service to the success of digital platforms like Amazon and Microsoft Corp., according to a recent article published by Reuters.
Last week, our friends at Invest Buffalo Niagara came to our headquarters in the Butler Mansion to see how we've progressed as a company.
Wind turbine drivetrain system failures plague the industry with unplanned downtime and expensive repairs. According to the National Renewable Energy Lab, 64% of drivetrain failures are caused by bearing damage and wear.
Wind turbine gearboxes are designed to last 20 years. However, wind operators often experience gearbox failure rates of up to 50% across the lifetime of their fleets. If component fatigue, fretting or wear is caught early enough, an operator can mitigate consequential damage and prevent catastrophic gearbox failure. If the window of prevention is missed, however, the operator can incur costly repairs between $200,000-$500,000 for just the gearbox system. This includes a minimum of two weeks of lost revenue from asset downtime, the cost of the gearbox replacement, and additional crane and labor costs.