Intelligent decision synchronization in real time for both discrete and continuous process industries
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United States of America Patent
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Jan 26, 2021
Grant Date -
Nov 14, 2019
app pub date -
Apr 19, 2019
filing date -
Mar 12, 2014
priority date (Note) -
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Abstract
This invention that provides system, method & apparatus for Real Time integration and Analytics (RETINA) to enable proactive decision synchronization in real time in order to minimize the operational risk and maximize the process productivity for process industries such as Oil & Gas Exploration and Fossil fuel power plants is disclosed. RETINA generates and synchronizes the decisions that affect the performance and profitability of business operations in real time and helps in analysis that are essential for any successful business operations. RETINA provides methods and apparatus that combines data from several types of data sources, build models for identifying impending failures, predicting a future state of the process from currently measured process data and provide decision options to business users so that any unwanted opportunity loss such as downtimes or critical equipment failures that are operations risks would be eliminated. RETINA provides methods and apparatus to ensure that correct decisions are taken at the appropriate instant of time with right amount of data to the pertinent personnel to eliminate inefficiencies in operations and performance resulting in tangible profitability.
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