Predictive analytics can help the operations including those of wind farms, freeing up employees for more productive activities, says CEO of Uptake Technologies, Brad Keywell.
“I think the fourth industrial revolution of major industries is not about getting rid of people and it’s not about machines taking over, it’s about people at their very best based upon data, insight and action,” said Keywell, who is also a founder of Groupon.
For instance, data from existing assets can be used to optimize the operations of wind turbine or alternative energy plants.
“Because there’s less need for coal and other more pollutive energy, there’s a better ability to take people in these industries and optimize their activity; ‘super human’ if you will,” said Keywell.
“There are opportunities when you are able to see your future.”
Launched in 2014, the predictive analytics provider has reportedly reached $2 billion in valuation and now employs over 700. Clients include industrial giant Caterpillar and Warren Buffet’s Bershire Hathaway.
Uptake Technologies is involved in eight industries now including rail, energy, aviation, construction and mining.