• 2026.11.11 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
    • Pet Life
    • Halal Horizon
  • 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 Bong-seon's Photo 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

  • "Just order bottled water" is all it takes... Kakao embeds agentic AI into KakaoTalk

  • Cheonan City and Chemical Safety Institute Hold Joint Tabletop Exercise for Chemical Accident Response

  • North Korea Test-Fires Cruise Missiles Capable of Carrying Nuclear Warheads from 3,000-Ton Submarine for the First Time

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

Comments 0

Weekly Hot Issue

  • Busan Previews Marine Taxi Service with Media Test Run on Suyeong River
  • Busan's Mascot Boogi Dazzles Crowds in First-Ever Live Fan Showcase
  • Busan Forges Closer European Ties in Maritime, Port, and Design to Accelerate Global Hub Ambitions
  • Empowering Innovation: South Korea Boosts Tourism Startups and Revitalizes Regional Economies
  • Buyeo County Hosts Milestone 150th Imcheon Peddler Heritage Festival
  • Buyeo County Rolls Out 2026 Financial Incentives for Eco-Friendly Forestry Farmers

Most Viewed

1
South Korea and Ethiopia Sign Trilateral MOU to Introduce Liquid-Based Cytology (LBC) Technology for Cervical Cancer Diagnosis
2
US Army Conducts Rare Temporary Burial Drills to Prepare for Worst-Case Large-Scale War Scenarios
3
World Citizens are Flying Directly to Busan... The Era of 4 Million Foreigners is Just Around the Corner
4
Eating 100g of Baechu Kimchi Daily Linked to Lower High-Cholesterol Risks
5
From Kim Whanki to Pokémon Cards... Seoul Auction Opens the Floodgates
체리가든 스토리
nutri huevos
로타리
동포저널

Hot Issue

LG Electronics and Skyscanner Partner to Bring Smart Travel Planning to Living Rooms

Regional Tourism in South Korea Struggles as Infrastructure Lags Behind Inbound Airport Growth

Miky Lee Honored with Asian Hall of Fame’s Centennial Medal for Pioneering Global K-Culture

Fashion Runway Show 2026

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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
  • News K
  • 반달곰 프로젝트
  • 광고문의
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being 
    • 전체
    • Pet Life
    • Halal Horizon
  • 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 Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News