midas360 Key Benefits
4 Optimized Maintenance
6 Key Performance
Indicators
Case in Point – Innovation in Action: Machine Learning in a Transport Company in Middle East
Predictive analytics can forecast when metro
infrastructure and rolling stock components are likely to
fail, enabling maintenance teams to proactively
schedule repairs and replacements during off-peak
hours, minimizing service interruptions and reducing
operational costs.
1 Real-time Monitoring
Predictive analytics can enable real-time monitoring of
metro systems, allowing operators to quickly identify
and respond to issues as they arise, minimizing service
disruptions and maintaining operational efficiency.
By analyzing historical and real-time data, asset
performance KPIs are computed at the subsystem level,
while operational KPIs are computed at the metro level,
enabling targeted maintenance, optimized resource
allocation and improved overall system efficiency
Challenges
The lack of real-time, on-demand reports on crucial Key
Performance Indicators (KPIs) makes it difficult for
stakeholders to assess the health and efficiency of assets
promptly.
Customer Project
The company operates 79 trains and 1442 buses on 107
routes, carrying almost 7 million riders on roughly
179,000 trips a month by bus service.
Integration issues among different applications such as
fuel management, vehicle monitoring, and asset
management result in data discrepancies, hindering
accurate analysis and decision-making.
3 Asset Performance Variations in data formats related to costs and
maintenance details create challenges in
standardizing processes, affecting efficiency and
Experiencing a high frequency of corrective
maintenance indicates a reactive rather than proactive
approach to asset management, leading
By predicting the lifespan and performance of
metro assets, operators can better plan for capital
investments and asset replacements, optimizing asset
management strategies.
reliability in asset management.
Solution
to increased downtime and operational costs.
5 Cost Savings
By identifying inefficiencies in operations, maintenance,
and energy consumption, predictive analytics can help
metro operators optimize resource allocation and
reduce overall costs.
2 Data-driven Decision-making
Predictive analytics provides metro operators with
valuable insights into system performance and passenger
behavior, enabling data-driven decision- making to improve
service quality and efficiency
Fig 8. midas360 Metrorail Intelligent
Decision Analytics System - KPIs
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Seeking consultancy services offers tailored insights and recommendations for implementing
smart maintenance practices, enhancing efficiency in maintenance operations for buses and
trains.
Implementing advanced analytical techniques like case-based reasoning and
reliability analysis enables proactive identification of potential failures, allowing
preemptive maintenance actions to prevent downtime.
Utilizing Monte Carlo simulation aids in predicting failure scenarios for buses and
trains, enabling proactive maintenance scheduling to optimize asset performance,
while implementing proactive alerts based on predictive
maintenance algorithms with a 78% accuracy rate facilitates timely intervention, minimizing
unexpected failures and associated downtime in subsystems.