Carrier Abound wins a top product of the year award, in the category of Software + Cloud, at the 2024 Environment + Energy Leader Awards. This was for the Abound Insights platform.
The Abound Insights platform is an AI and IoT platform that offers predictive insights, prescriptive recommendations and autonomous actions to improve equipment performance, maintenance and operations, for improved energy efficiency. The platform’s ability to learn and recognize behavior patterns improves with data streamed from connected equipment. Learnings can also percolate from one equipment to another if they have similar technology in aspects of mechanical, electrical, controls or connectivity.
The platform enables elongating asset life and thus delay their disposal, which impacts the environment. In the period Jan ’22 to Dec ’23, the Abound Insights platform enabled the health improvement of 100,000+ assets – with the indicators showing a change to good or no action required state – by over 24%. This means that 24% more assets were performing at their peak health and efficiency in their given environmental conditions and technology state.
In 2023, we reduced the breakdown of assets by an average of more than 10% as compared to 2022, thanks to the health improvements due to autonomous and proactive actions.
Here’s what two judges had to say:
“Through continuous monitoring and AI-driven scenario libraries, Abound Insights (formerly known as CORTIX) enables proactive maintenance strategies, reducing downtime and optimizing asset lifespan.”
“Overall, Carrier Abound's, Abound Insights platform demonstrates a strong commitment to innovation, adaptability, and customer-centricity in addressing the complex challenges of building equipment operations and maintenance, making it a leading solution in the industry.”