Novity

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Novity is a Data & Analytics tool that provides remaining useful life predictions for industrial equipment. Its TruPrognostics AI enables truly predictive maintenance without new hardware.

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Pricing

Likely Not Free

Free tier

API

Skill level

Technical

About

What is Novity?

Novity offers a TruPrognostics AI solution designed to provide remaining useful life (RUL) predictions for industrial equipment, enabling truly predictive maintenance. The platform leverages a breakthrough combination of physics models and machine learning to deliver accurate RUL insights, even with limited historical data. It aims to minimize unplanned downtime for mission-critical equipment like pumps, motors, and compressors. Novity's solution is software-first, utilizing existing data to quickly generate results, and is configurable to meet specific operational requirements. It automatically recalibrates after repairs or maintenance, adapting to changing machine behavior.

Best used for

Ideal for industrial operators and maintenance managers who need to predict equipment failure, optimize maintenance schedules, and minimize unplanned downtime. Especially valuable for those seeking accurate remaining useful life predictions using existing data without requiring new hardware.

Common actions

predict equipment failure

optimize maintenance

reduce downtime

analyze asset health

Capabilities

Key features

Remaining useful life prediction
Hybrid physics-ML model
Software-first approach
Configurable solution
Automatic recalibration

Target Audience

maintenance managersreliability engineersoperations managersplant managers

Integrations

Not yet documented

Pricing & Plans

Likely Not Free

Not publicly disclosed. Check novity.us for current pricing.

FAQs

What types of industrial equipment can Novity's TruPrognostics AI monitor?

Novity's TruPrognostics AI is designed to monitor a range of mission-critical industrial equipment, including reciprocating compressors, screw compressors, centrifugal pumps, electric motors, industrial fans and blowers, and heat exchangers.

Does Novity require new hardware or sensors for its predictive maintenance solution?

No, Novity's solution is software-first and primarily uses your existing data to provide remaining useful life predictions. While it can recommend asset-specific sensing for critical machines, it's not a prerequisite for initial implementation.

How does Novity achieve high predictive accuracy with limited historical data?

Novity utilizes a proprietary combination of machine learning and first-principles physics models. This hybrid approach enables true failure timeline predictions based on the physics of fault progression, ensuring high accuracy even when historical data is limited.

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