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Predicting hidden events: inverting the time-to-event paradigm: Part 2

Time-to-event (TTE) use-cases crop up in many places across industries. Some examples would be: the prediction of customer churn (the sales domain), remaining-useful-life or time-to-failure TTF (predictive maintenance), or anomaly detection (machine monitoring). Some events are difficult to predict as they are hidden. We can instead try to look for interim events to improve prediction accuracy.

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chart close up data desk

Predicting hidden events: inverting the time-to-event paradigm: Part 1

Time-to-event (TTE) use-cases crop up in many places across industries. Some examples would be: the prediction of customer churn (the sales domain), remaining-useful-life or time-to-failure TTF (predictive maintenance), or anomaly detection (machine monitoring).Some events are difficult to predict as they are hidden. We can instead try to look for interim events to improve prediction accuracy.

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Process control in metalforming and stamping

In Metalworking a significant part of the products are realized by forming and stamping processes, especially for series applications. The monitoring technology for press control has achieved a remarkable progress within the last years.

Optimized cycle rates lead to increased productivity and output. At the same time, there is a rising risk of asset damage, especially if unexpected errors occur. Automated protection of the tools and dies helps to increase OEE. Sensors for process monitoring are key elements.

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Driving innovation – our strategic incubation­ programs

Digitalization accelerates numerous internal organizational processes and influences the development of new products and solutions. Growing complexity and shorter development times increase the pressure on organizations. In order to be able to compete with new companions on the market, speed is – besides speed – a major competitive factor. For this reason, Balluff has been implemented so-called „Strategic Incubation Programs” (SIPs) to develop new business ideas.

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