• 2026.04.21 (Tue)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Industry

Predicting equipment failure by analyzing current patterns… Expected to increase lifespan and save energy

Desk / Updated : 2024-10-31 20:22:03
  • -
  • +
  • Print
424 patent applications and registrations at home and abroad, ‘the most in the world’ in the field of predictive maintenance

 

As the complexity of industrial sites increases, damage from facility failures is increasing. What is emerging as a solution to this problem is an AI-based current predictive maintenance solution. IT Space, headquartered in Ulsan, is leading this field and is proving its global competitiveness by holding 424 patents and entering 8 countries.

IT Space's solution analyzes current data to evaluate facility conditions and predict failures in advance to prevent accidents. It also analyzes energy consumption patterns to increase energy savings and contribute to reducing carbon emissions. This solution is provided on a cloud basis to enhance the safety of field workers and help implement smart factories.

IT Space's solutions are used in various industrial fields such as automobile factories, wind power generation, and traditional markets. In particular, Hyundai and Kia Motors have improved productivity by introducing this solution, and are maximizing power generation efficiency in the wind power generation field.

IT Space is accelerating the development of next-generation technologies such as on-device AI and digital twin technology. In addition, 10 billion won was invested in Ulsan to build an IDT center, laying the foundation for entering the global market. Last September, the company signed a contract worth $6 million at IFA 2024 in Germany, accelerating its efforts to target the global market.

IT Space is improving the safety and productivity of industrial sites and contributing to energy savings and carbon neutrality through AI-based current predictive maintenance solutions. It is expected that IT Space will continue to lead the smart factory era through continuous technological development and entry into the global market.

 

[Copyright (c) Global Economic Times. All Rights Reserved.]

Desk
Desk

Popular articles

  • Samsung Completes Transition to 236-Layer 8th Gen V-NAND in Xi’an; 9th Gen Mass Production Slated for Late 2026

  • France Invites South Korea to June G7 Summit; Seoul Evaluating Attendance

  • S. Korea to Launch Government-Backed 'K-Brand' Certification to Combat Global Counterfeiting

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065611989170853 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Theori Supplies ‘Xint,’ an AI-Powered Hacker Solution, to Samsung Electronics
  • Inzent Partners with Canada’s Solace to Accelerate Expansion in the Financial IT Market
  • FORCS to Unveil 'eformsign AI Assistant' at WIS 2026: A Revolution in AI-Powered Electronic Documents
  • [Interview] Chairman David Cha of ‘Ethiopia Bet’: "Building a House (Bet) of Self-Reliance Beyond Simple Relief"
  • Taiwanese Tourism Industry Experiences the Charm of Chungnam
  • A University Professor's Lament

Most Viewed

1
From the Alps to Seoul: Life in the Heart of Europe
2
BYD Hits 10,000-Unit Milestone in South Korea Within One Year, Eyes Exclusive "10,000 Club" Entry
3
$2 Million Per Ship: Iran’s "Hormuz Toll" Emerges as Chokepoint in Peace Talks
4
BOK Holds Rate Steady for Seventh Consecutive Meeting, Signaling End of Easing Cycle
5
Republican Party Faces "Total Crisis" as War and Inflation Cloud Midterm Outlook
광고문의
임시1
임시3
임시2

Hot Issue

Generative AI Use Triples Among Seoul Citizens, but Digital Divide Persists for Seniors

MAFRA Unveils Success in Integrated Rural Care: Synergizing Social Farming and Medical Services

Gov't Launches 'One-Team' Initiative to Transform Regional Airports into Tourism Hubs

Inzent Partners with Canada’s Solace to Accelerate Expansion in the Financial IT Market

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers