Falkonry announces Falkonry LRS 2.0 version of operational machine learning system | Automation.com

Falkonry announces Falkonry LRS 2.0 version of operational machine learning system

Falkonry announces Falkonry LRS 2.0 version of operational machine learning system

July 30, 2019 – Falkonry announced a new version of its flagship operational machine learning system. In field trials, Falkonry LRS 2.0 has provided performance, visualization and scale, enabling customers to realize improvements in the uptime, quality, safety and yield of their industrial operations. 

According to a McKinsey & Company report, manufacturing digitization will boost industrial profit margins by 3-5 points - but only if the technologies can work at scale. Falkonry is enabling users to deploy such technology at scale. Over the last six months, Falkonry customers have successfully analyzed more than 4 trillion data points. In just the last three months, they have turned 100 billion points of raw data into 300 million actionable condition assessments. Customers are also addressing more use cases. A major oil & gas company has built more than 150 predictive models in just the last two months, which is more than double the number they built six months ago. A large steel manufacturer has built over 400 models in that timeframe.

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