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Artificial intelligence cutting edge technology investment research and development Scottish tech consultancy More by Rufus Pickles Disruptive AI matchmaking platform secures over £370k investment Rufus Pickles - March 25, 2024 Scots pupils learn about the role of maths in the energy sector Rufus Pickles - March 25, 2024 Third sector partners to help Scottish nature projects attract investment Rufus Pickles - March 25, 2024 Scots consultancy develops AI technology to reduce offshore operator costs A SCOTTISH industrial data and engineering consultancy has developed a revolutionary asset management solution which harnesses artificial intelligence (AI) . The purpose of Imrandd ‘s technology is to reduce inspection time and costs for offshore operators . Following a £1m investment, the company’s propriety monitoring and intervention ALERT software has been designed to go beyond traditional approaches to routine asset integrity monitoring. To support this latest innovation, Imrandd also received funding from the Net Zero Technology Centre (NTZC). Imrandd founder and CEO Innes Auchterlonie The Aberdeen headquartered firm’s event-driven software monitors for corrosion threats allowing organisations to act before damage occurs, analysing integrity data in near real-time. The integrated dashboard displays a live, round-the-clock snapshot of an asset’s performance to provide instant insights into its current condition while forecasting the future states of safety-critical systems. Officially launched this week, ALERT is Imrandd’s fifth product adding to its suite of digital tools developed for the energy and industrial sectors. The company’s innovation has seen its R&D and data division more than double over the last two years, taking the team’s head count to 13 and the company’s overall workforce to 63. Imrandd founder and CEO Innes Auchterlonie said: “We are committed to empowering asset owners and operators with exceptional tools to meet their asset integrity needs – it’s what our R&D team thrives on. “Following a successful pilot programme which delivered 40% efficiencies, ALERT has surpassed all our expectations. “We are already in discussions with two UK operators about the transformative impact and value our new propriety software brings. “The ability to instantly model and predict asset condition enables ALERT to serve as a leading indicator to proactively address potential threats before they escalate. “System-agnostic, it reduces engineering time by allowing operatives to view asset systems against ambient conditions, degradation hot spots and remaining life cycle durations. “Tens of millions of sensitive data points can be rapidly processed to provide more accurate trends and quality of output. “Its intuitive approach replaces conventional ‘check-and-act’ methods with a more precise system enhancing efficiency, reducing downtime, and ultimately contributing to a safer and more sustainable future.” Tags Artificial Intelligence cutting edge technology investment research and development Scottish tech consultancy Share Facebook Twitter Pinterest WhatsApp Linkedin Previous article Scots pupils learn about the role of maths in the energy sector Next article Disruptive AI matchmaking platform secures over £370k investment Related Stories Disruptive AI matchmaking platform secures over £370k investment March 25, 2024 Scots legal firm wins “landmark” litigation on behalf of US clients March 15, 2024 Scotland’s growing biotech sector supported with £35m R&D funding March 11, 2024 Scots data-tech programme is set to ‘unleash the power of data’ March 8, 2024 News by Email Email Top Stories Business News Scottish News Top Sports News Sponsored post customers By continuing, you accept the privacy policy About Deadline News Suite 6, Bonnington Bond, 2 Anderson Place, Edinburgh EH6 5NP Tel: 0131 516 3433 Useful Links Agency Terms and Conditions Collaborative Posts Sponsored Posts T&C News Coverage Photography Video Services Student placement programme Contact Us Social Facebook Linkedin Twitter Youtube