How are risks identified?
To identify risks, our smart AI algorithm first establishes a baseline for each asset you've included in Asset Risk Predictor (ARP). Then, it uses aggregated sensor data to determine the risk score for each asset and sensor. This score is generated by averaging the results of 3 different calculation methods, resulting in a more accurate score. It also considers other factors, such as the day of the week, so that it can identify patterns in your asset's operations.
Then, it uses this risk score to assign a risk level. To learn more (including how to change the risk level thresholds), see Change ARP risk level definitions.
Can I customize the risk thresholds?
Yes, you can change the definitions (i.e. thresholds) for risk levels. For example, you could change the definition of high risk to start at a risk score of 600 (instead of the default of 800). To learn more, see Change risk level definitions for Asset Risk Predictor.
What does the predicted risk level mean?
In the Asset Risk Predictor dashboard, we provide a predicted risk level. This is the risk level we predict the asset will be at tomorrow if no action is taken (such as maintenance or operational process changes) between now and the next report.
Can I receive alerts about risks?
Yes, if you have user or creator permissions for analytics, you can set up automated alerts in the ARP dashboards. To learn more, see the Set up alerts section in Asset Risk Predictor tips & tricks.
How do I action risks?
You can action risks by:
- Monitoring ARP daily and inspecting an asset whenever you see a medium risk.
- Using Fiix Prescriptive Maintenance to automatically generate work orders. To learn more, see About Fiix Prescriptive Maintenance.
Is there a way to automatically create work orders based on risk?
Yes, you can use Fiix Prescriptive Maintenance to automatically create work orders in the following situations:
- When there’s a high risk score for any hour in the past day
- When there was a medium risk score for 3 consecutive hours or 6 hours total in the past day
Note: This only applies to assets that don’t already have open work orders. If an asset already has open work orders, new ones will not be created automatically, even when the above conditions are met. Instead, updated risk information will be added to the existing work order.
Prescriptive maintenance work orders use AI to automatically populate the work order with information like the summary and work instructions.
To learn more, see About Fiix Prescriptive Maintenance.