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ngineer 2.0: ow Human and Artificial telligence can Reshape the uture of Asset Management

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Page 1: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Engineer 2.0:

How Human and Artificial Intelligence can Reshape the Future of Asset Management

Page 2: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

“It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself.”

1963 Leon C. Megginson (not Charles Darwin….)

Page 3: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Our Workplaces are Changing…

Different Sensors

Changes to asset surveysFaster, higher

capacity data transfer

Large volumes of storage available

Digital design & manufacture

Global company communications

Instant digital financial transactions

Page 4: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

The Evolution of Asset Management

Page 5: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

The 3 Laws of Digital:

Moore's Law: The power of chips doubles about every 18 months

Kryder’s Law: The size of storage doubles about every 12 months

Nielsen’s Law: The size of effective bandwidth doubles every 21 months

Asset Information

What is your average time to deliver into BAU a mid – large scale technology programme?

Page 6: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Asset Information

Page 7: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Lifecycle Delivery – Acquire/Dispose

Page 8: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Adidas SpeedFactory, Ansbach Germany

3 more planned (US, GBR, FRA)

Efficiency driver:

• Higher production

• Lower Costs

• Easier logistics (lower risk)

160 jobs created at Oechsler Motion GmbH

Strategic Partner of Adidas who built and now operate the plant

Lifecycle Delivery – Operate / Maintain

First “lights out” factory for Adidas

Page 9: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Organisation & PeopleNEW ORGANISATIONAL MODELS

Characteristics of New Nature of Organisations

More receptive, adaptive and generative -- always focused on meeting the needs of stakeholders.

New forms of organizations often exhibit the following characteristics:

1. Strong employee involvement 2. Organic in nature3. Authority based on capability4. Alliances 5. Teams 6. Flatter, decentralized organizations 7. Mindfulness of environments, changes, patterns and themes

Network Structure Self Organising

Self Managed Teams Learning Organisation

Page 10: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

The Evolution of Artificial Intelligence

Page 11: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

40’s: Goldfish computers

Before 1949 computers lacked a key requisite for intelligence: • they couldn’t store commands, only

execute them

In other words, computers could be told what to do but couldn’t remember what they did

Page 12: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

60’s: Learning from the eyes of flies

Frank Rosenblatt, a psychologist at Cornell, was working on understanding the simple decision systems present in the eye of a fly

use light patterns to determine whether to fly away from trouble or not.

Page 13: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

60’s: Learning from the eyes of flies

Mark I Perceptron Model:

Simple input output relationship

A Perceptron takes in inputs, takes a weighted sum and returns ‘0’ if the result is below a threshold and ‘1’otherwise.

Inputs:Continuous light intensity values

Outputs:1 = Fly away0 = Remain

Page 14: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

80’s: Neocognitron

Inputs:Image of an octagon

Outputs:Recognizesoctagon

Process:Breaks shape down into “features”

Kunihiko Fukushima proposes a hierarchical, multi-layered Neural Network.

Precursor for modern handwriting, image and pattern recognition.

Page 15: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Fast forward to 2018: Google Duplex

Google demo’d AI that could make appointments for users• Knew when to use speech disfluencies

(i.e umms, mhmms)

Contextual awareness is key for accurate bookings and efficiency

Page 16: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Content Recommendation

Monitors user behaviour, browsing history and clicks

2 3Machine Learningprofiles users based on interests

Recommends similar content based on user score

Content based versus Collaborative filtering

Sample Input Data: IP addressDevice, OS, browserImpressionsClick-through-rates%time on pages

Page 17: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Fraudulent transactions

Monitors baseline financialtransactions 3 Fraudulent

transaction is detected

Point based anomaly:- Distance based on value (i.e. $),location (lat/long of transaction)

Contextual anomalies:- Distance based on clustered behaviour

Page 18: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Archetypes of today’s industry challenges

Requires deep awareness of contextWith so much data, it’s hard to differentiate between noise and peaks, behavioral shifts versus equipment failure.

Imbalanced datasetsMore ”normal” (>99%) data than “anomalous” (<1%) data

Complex, hard to model behaviourHumans are arguably the most complex systems, we behave irrationally yet ML has enabled us to model/predict/anticipate our behaviour. Can we adapt this for industrial systems?

Page 19: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

The Blended Workforce of the Future….

ENGINEER 2.0

• High volume transactional activities

• Always on (24/7)

• Train once, repeat often

• High speed to value

• Direct corporate knowledge

• Help to de-risk skills shortage

• Less baggage!

• Travels well

Page 20: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Forward Looking, Evidence Based Decisions

DATA

INFORMATION

INSIGHT

DECISION

Page 21: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Forward Looking, Evidence Based Decisions

DATA

INFORMATION

INSIGHT

DECISION

Page 22: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Forward Looking, Evidence Based Decisions

DATA

INFORMATION

INSIGHT

DECISION

Page 23: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Connecting to HARVI…

Page 24: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Archetypes of today’s industry challenges

Google Duplex: HARVI:

Consumer Virtual Assistant

Content Recommendation

Fraud Detection

Industrial Virtual Assistant

Intelligent Control & Maintenance

Event Detection

Page 25: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Event Detection

What is an event?

Events can be defined as any change in behaviour in a system. This could be a result of:

- process shifts (i.e. new influent streams), - asset failures (i.e. bursts, transients), - sensor failure (i.e. sensor drift or fault)- maintenance activities (i.e.

scheduled/reactive, nearby construction)

Sensornoise

Processshift

Page 26: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Aeration Lane Data: What’s wrong with it?

Page 27: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Aeration Lane Data: Expected Behaviour

Page 28: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

PassiveUse statistical techniques to automatically detect if a real-time signal is significantly different from expected baseline behaviour.

This method does not have any explicit understand of the system domain, it is pure statistics. It cannot make causal inferences.

ActiveUse SME’s field knowledge and past experience to automatically detect if a signal is anomalous. The SME labels anomalous events that have occurred in the past - i.e. when they knew a burst occurred before. HARVI then “remembers” these events. In the future, if HARVI sees signals that resemble that past event, it flags the signals proactively as an event.

By using SME insight, HARVI now understands the causal link between events and signals.

How can we detect events?

Page 29: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Active Event Detection based on signal shape

Page 30: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Pressure Data: Identifying Business As usual

Page 31: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Pressure Data: Identifying Business As usual

Page 32: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Pressure Data: Identifying Possible Events

Page 33: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;
Page 34: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

Turn data into information fast and consistently

Works with SMEs to be taught how to recognise failure patterns and asset behaviour

Provides unprejudiced decision support

Reshaping Asset Management

ENGNEER 2.0

A new mix of workforce is upon us….

TRUST?

Page 35: Engineer 2.0: How Human and Artificial Intelligence can Reshape the · 2019-07-16 · Future of Asset Management “It is not the most intellectual of the species that survives;

CONTACT US

MARK KANEY

CHRISTOPHER STEELE

THOUHEED GAFFOOR

MOHAMAD VEDUT

[email protected]

[email protected]

[email protected]

[email protected]