{"id":47952,"date":"2024-05-29T09:51:34","date_gmt":"2024-05-29T08:51:34","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=47952"},"modified":"2024-05-29T09:51:34","modified_gmt":"2024-05-29T08:51:34","slug":"advanced-predictive-analytics-centuries-old-but-essential-to-ensuring-safe-and-intelligent-operation-of-complex-engineered-systems","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/advanced-predictive-analytics-centuries-old-but-essential-to-ensuring-safe-and-intelligent-operation-of-complex-engineered-systems\/47952\/","title":{"rendered":"Advanced predictive analytics: Centuries old, but essential to ensuring safe and intelligent operation of complex engineered systems"},"content":{"rendered":"
Predictive analytics, in the broadest definition, is a branch of advanced analytics that uses available information and models to make predictions about future events. As such, it is forward-looking, using past events to anticipate the future, considering inherent uncertainties, and often using probability to codify such uncertainties. It has a long history going back at least four centuries when initial ideas on the formulation of the mathematical theories of chance events, statistics, and probability emerged. While originally, the development and application contexts were insurance and gambling, predictive analytics now play a central role in all branches of science.<\/p>\n
The past 50 years have witnessed significant advances in various subdomains of predictive analytics, which are now firmly recognised as indispensable tools in the engineering of ultra-complex systems. Applications include system simulation for design, design optimisation under uncertainty, system control algorithms, system prognostics and health management, reliability assurance, risk control, digital twins, and autonomous operations and safety.<\/p>\n
Predictive analytics methods for engineering applications include traditional statistical and probabilistic techniques, as well as more advanced data analytics such as machine learning and artificial intelligence (AI). In many cases, data analytics are used in conjunction with physical models, inductive and deductive logic models, and computer simulations. In the majority of cases, a primary objective is to predict possible trajectories or scenarios of system behaviour in time, covering both normal and anticipated or abnormal and unexpected.<\/p>\n Ultra-complex systems, however, pose formidable predictability challenges stemming from complexity in topological, functional, and behavioural features, as well as limitations in the data and knowledge needed to understand the complexity. Examples of complex technologies that have benefited from or heavily relied on predictive analytics include nuclear power<\/a>, petrochemical industries, space systems, numerous consumer products, communication networks, and autonomous transportation systems.<\/p>\n The scale and scope of models and data needed to apply predictive analysis to such systems vary depending on the end use and the level of resolution needed for the engineering application. In some cases, multiscale modelling and integration of many different types of analytical and numerical techniques might be required, almost always with the aid of highly advanced computational techniques and platforms. The following are some examples of successful implementations in a few complex technologies.<\/p>\nNuclear power safety and reliability<\/h3>\n