Wise Practitioner – Predictive Analytics Interview Series: Markus Larsson at Palo Alto Research Center (PARC)
Markus Larsson, Head of Predictive Maintenance at Palo Alto Research Center (PARC) talks about their deployment of predictive analytics.
Q: In your work with predictive analytics, what behavior or outcome do your models predict?
A: My team focuses entirely on predicting machine faults. Unexpected manufacturing equipment failures cost factories millions of dollars each year, and increase risks, resulting in employee safety and environmental disasters. We are building our models to help prevent that.
Q: How does predictive analytics deliver value at your organization – what is one specific way in which it actively drives decisions or operations?
A: We use predictive analytics in a variety of ways at Xerox. For instance, we are delivering PdM solutions to customers today. Our prognostics technology runs on subway trains in Tokyo, and in manufacturing plants in Asia. We are also implementing our technology in Xerox chemical plants in upstate New York and Canada.
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