Building an AI Development Team: A Guide for Financial Services
Discover the essential roles in an AI development team and how to scale AI capability in financial services with the right strategy.
Preventive and predictive maintenance are not fantastic technologies within Industry 4.0, today they’re more like standard baseline solutions that are employed by every company that deals with heavy industry and has sensors installed on the machinery.
The question is if this predictive maintenance is done right? Are dashboards with statistical models really a breakthrough and a reliable solution that really changes how the company works? Or is it just a baseline for technologies that really revolutionize the processes and bring tangible changes?
This Playbook aims to show the difference between statistics visualized in the dashboard and AI-powered actionable insights and how to organize a transition from the first to the latter, which is (spoiler!) a bit more sophisticated than changing a couple of formulas.
Every predictive maintenance starts with the data from the sensors, which are heterogeneous, non-standardized, hard to collect and to maintain. This is a challenge we omit in this Playbook, since we’re sure you’ve got rockstar engineers in-house and great partners who installed sensors and had set up a cloud data platform and set of dashboards that show all these temperatures, pressures, vibrations in real time.
Now you want to perform data-driven decisions based on the information presented on the dashboards. How is it usually done? The two major tasks you want to solve (before decision making) are anomalies detection early enough and making accurate long-term predictions about digital health.
How to find anomalies from these numbers in the dashboards? The solution is known to us from the universities – we just record the “healthy” state of every sensor on every machine and then calculate statistical deviations from the normality! We can define soft or hard thresholds to signal about the problems, and, voila, anomaly detection is done!
What do we do with health prediction? Well, this is already much harder, we might want to use heuristics, build mathematical models and, if we already have some data of the “dying” machines, we can build prediction models that, hopefully, can catch the patterns that signal about that “dying” state early enough. Sounds good, right?
In reality, such graphs on the dashboards are, at best, not very reliable, and sometimes really misleading and even dangerous. Why so?
As you could guess from the title, we are going to discuss why Artificial Intelligence technologies (that are also statistics-based) can overcome the above-mentioned problems. AI methods grew out from applied mathematics, statistics and computer science as already an independent scientific branch with its own theories and best industrial practices.
Self-learning systems are different from classical digitalization and automation processes. Digitalization and automation are not changing current processes, they optimize them with respect to some metrics, meanwhile AI introduces new processes, activities, policies and even positions in the company in order to unlock underlying benefits. At least the good point is, that AI definitely creates more jobs than it wipes away.
To get more details about the engineering process at Neurons Lab (the most related to the steps 1 and 2 in the integration pipeline), contact us for a consultation.

Neurons Lab’s services are tailored into building custom AI solutions. The strategy to success lies in exceptional collaboration conditions with leading experts who have deep expertise not only in the AI algorithms, but in the specific business area. In heavy industry, Neurons Lab has completed several projects.
One of them was gas consumption optimization for steelmaking companies, where we could decrease analytics time from hours to minutes and improve accuracy by 15%, in another one we have developed a system for fully automated control over the kite for renewable energy generation, which could completely remove humans from the control routines.
The largest diamond in the collection is development of a predictive maintenance solution for an Eastern European power plant station. The objective of this project was to develop a system for predicting the failure of various equipment. Informing of employees at the right time makes it possible in time to identify problem areas of the system and take the necessary measures. At the end of the project, the following metrics were achieved:
To see this solution in action, you can schedule an interactive demo session or text to info@neurons-lab.com.
Apart from the technical excellence, what business benefits are unlocked with uplifting your current predictive maintenance baseline with the AI technologies?
To learn more about how to speed up AI transformation for your predictive maintenance routine, ping us at info@neurons-lab.com! Long life to your machinery!
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