Product/Service

Predictive Resource Management

The technology and service model introduced by Insightek embody the new paradigm in resource management: predictive resource management
The technology and service model introduced by Insightek embody the new paradigm in resource management: predictive resource management. In contrast to preventive maintenance, which is a scheduled remedy based on expected time-to-failure, predictive maintenance is a scheduled remedy based on measured time-to-failure.

Benefits of Predictive Resource Management
Aside from reducing the inestimable risks of environmental damage and loss of human life, depending on the applications involved, predictive resource management lowers costs based on a number of different factors, including:

  • Reduced unscheduled downtime
  • Reduced spare parts inventory
  • Reduced repair time/increased labor efficiency
  • Fewer unnecessary repairs

    Insightek: The Service Model Approach to Predictive Resource Management

    Insightek takes advantage of a number of converging technologies: smart sensors, wireless communications networks, high-speed/low-cost data processing, and the ubiquitous power of the Internet. While conceivably any company could put these components together to create their own predictive resource management system, Insightek is unique in two very important ways:

    Insightek has invested heavily in the intellectual property needed to create software algorithms for transforming collected sensor data into predictive information.

    Insightek has created a service model approach predictive resource management, rather then being in the business of selling capital equipment.

    This last point is critical to the success of Insightek customers, in that Insightek's compensation is based on the delivery of useful information, rather than on the delivery of assets that require the customer to derive some return-on-investment. As a service provider, Insightek removes the ROI risk that customers would incur in the attempt to create their own predictive resource management system. In addition, Insightek's service agreement places the responsibility for installation and maintenance on Insightek, rather than on the customer's information systems resources.

    Insightek, 13575 Lakeshore Drive, Nawpa, ID 83686. Tel: 208-468-9192; Fax: 208-475-6012.