LAWRENCE BENSON
INDUSTRY 4.0
According to Accenture , the manufacturing sector stands to gain US $ 3.78tn from AI by 2035 . One industry where the gains of AI have been especially emphasised is the heavy asset industry .
This is for myriad reasons , ranging from the need for precise predictive maintenance to how AI can mitigate heightened safety risks .
But when it comes to the expectations of AI , we also need to examine its reality . Conscious of this is Lawrence Benson , Vice President of Portfolio Strategy at Hexagon Asset Lifecycle Intelligence .
Sharing his insights with Manufacturing Digital , he answers a critical question : is AI in the heavy asset industry being overhyped , or is it truly meeting expectations ?
Q . WHERE IS AI MEETING EXPECTATIONS IN THE HEAVY ASSET INDUSTRY ?
» One area where AI has the potential to excel is improving predictive maintenance by analysing real-time data to foresee equipment failures .
By detecting anomalies early , AI allows operators to act proactively , reducing downtime and maintenance costs . Similarly , it enhances real-time condition monitoring , modelling normal operating states and identifying potential failure points .
On a similar path , this predictive maintenance is fed by data . For years , vital information has been locked within engineering documents like schematics
LAWRENCE BENSON
TITLE : VICE PRESIDENT OF PORTFOLIO STRATEGY
COMPANY : HEXAGON ASSET LIFECYCLE INTELLIGENCE
Lawrence Benson is Vice President of Portfolio Strategy at Hexagon Asset Lifecycle Intelligence . An expert in manufacturing , AI and digitalisation , he drives the strategic direction of Hexagon ’ s portfolio of solutions .
90 March 2025