Mining companies typically spend a massive 20% – 50% of annual operating budgets on equipment repair and maintenance, and reduced yield from downtime has an even greater financial impact. The major cause of downtime is that reliability and maintenance teams don’t have the information they need to diagnose and prevent failures. That’s why Rithmik Solutions created Asset Health Analyzer (AHA). AHA works with the data collection systems and reporting platforms mines want to use, which means you can get insights without having to tear out what’s already in place.
Rithmik’s algorithms shed light on the root causes of heavy equipment failure, yielding increased clarity, unconventional insights, and the ability to take early action on what might otherwise be expensive, major breakdowns. We’ll work with partners to identify the best way to collect data from your equipment and consult with you throughout the data collection process. We’ll present your data in a way that makes it as easy as possible to understand and act on, providing our own dashboards or feeding insights through your existing tools.
Total Funding: $25,000
Funding Stage: Funded
Business Stage: Scaling Up
Market: B2B
Company Size: 1 to 25
Founded: 2017
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