Introduction:

Traditional inspection methods are outdated and costly. Aventus AI’s AI-driven Risk-Based Inspection (RBI) solution uses predictive analytics and IoT to optimise inspection schedules, improving asset reliability and safety while reducing operational costs.

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Industry Application

• Sector: Oil & Gas, Infrastructure.
• Use Case: Enhancing inspection efficiency and reliability through AI-driven RBI solutions.

The Challenge

• Time-based inspections often result in inefficiencies, with some assets over-inspected and others neglected, increasing the risk of undetected failures.
• Traditional methods lack the precision to allocate resources effectively based on risk.

Global Market Opportunity

• The global RBI market is expected to grow to $5 billion by 2028, driven by the need for AI-enhanced solutions that ensure safety and cost-efficiency.

Solution

Aventus AI’s AI-Driven RBI Solution Includes:

1. Predictive Analytics Models:
   1. AI models analyse historical and real-time data to predict asset failure probabilities.
2. IoT Sensor Integration:
   1. Continuous condition monitoring provides real-time asset health insights.
3. Dynamic Risk Modeling:
   1. Focuses inspection resources on high-risk areas for optimal safety and efficiency.

Key Partnerships:

• RDI Technologies: Advanced sensor integration for real-time monitoring.
• Academic Experts: Probabilistic modelling for risk-based decision-making.

Execution Plan

1. Data Collection:
   1. Deploy IoT sensors and integrate historical and real-time asset data.
2. Model Development:
   1. Build and train AI-driven risk models tailored to the client’s infrastructure.
3. Inspection Optimisation:
   1. Prioritise inspection schedules dynamically based on risk levels.

Return on Investment (ROI)

• 30% Reduction in inspection costs by eliminating unnecessary inspections.
• 50% Improvement in detecting critical failures through targeted inspections.
• Enhanced compliance with safety standards, reducing penalties and downtime risks.

Regulatory Standards

• API RP 580: Guidelines for risk-based inspection practices.
• OSHA Safety Guidelines: Ensures workplace safety compliance.

Outcome

• Safer, more reliable industrial operations with optimised inspection schedules.
• Efficient resource allocation, reducing costs and improving safety.

Ready to revolutionise your inspection processes? Contact Aventus AI today.