Fo me ly CoGo, the ame cha ge to Lumice t eflects a sig ifica t expa sio of the compa y’s visio a d st ategy-movi g beyo d asset-co ditio mo ito i g to help o ga izatio s make bette decisio s about physical isk. The platfo m combi es co ti uous asset-co ditio data, Physical AI a d co seque ce-based i tellige ce to help ope atio s, e gi ee i g, isk a d busi ess leade s a swe th ee c itical questio s: What is cha gi g? What does it put at isk? A d what dese ves actio fi st?
U pla ed dow time, asset failu e a d ope atio al dis uptio co ti ue to c eate sig ifica t fi a cial a d busi ess exposu e fo i dust ial o ga izatio s. Fo example, atu al catast ophes alo e caused a estimated $107 billio i i su ed losses wo ldwide i 2025, ma ki g the sixth co secutive yea that losses exceeded $100 billio (Swiss Re I stitute). Today, o ga izatio s ge e ate e o mous volumes of co ditio data, ale ts, i spectio s a d asset eco ds. The challe ge is tu i g those sig als i to a clea u de sta di g of which isks matte most, what they could mea to the busi ess a d whe e esou ces should be di ected fi st.
“I dust y does ot have a data p oblem. It has a decisio p oblem,” said A dy P uett, co-fou de a d CEO of Lumice t. “Fo mo e tha two decades i i dust ial ope atio s, I saw wa i g sig s that existed somewhe e i the o ga izatio but eve became clea , co seque tial o u ge t e ough to cha ge the outcome. Lumice t is built to help teams u de sta d which isks matte most while the e is still time to act, ot afte the loss has al eady made the decisio fo them.”
I dust ial ope atio s al eady ely o SCADA, EAM, CMMS, i spectio p og ams, se so s a d co ditio -mo ito i g systems to detect cha ges, ma age wo k a d eco d asset histo y. Lumice t sits above a d alo gside those systems as a decisio laye , co ecti g cha gi g asset co ditio s to ope atio al a d busi ess co text.
Lumice t’s Physical AI a alyzes how assets behave u de eal-wo ld ope ati g co ditio s a d ide tifies mea i gful deviatio s. Its co seque ce i tellige ce evaluates pote tial impact ac oss six dime sio s: ope atio s, safety, fi a cial, egulato y complia ce, e vi o me tal a d eputatio al. The platfo m the helps teams dete mi e which isks equi e immediate atte tio , which ca co ti ue to be mo ito ed a d whe e i te ve tio ca have the g eatest impact.
“The same physical co ditio does ot always c eate the same busi ess isk,” said P uett. “A developi g issue o a edu da t, lowe -impact asset may wa a t obse vatio . That same issue at a c itical si gle poi t of failu e may dema d immediate actio because it th eate s p oductio , safety, the e vi o me t o the bottom li e. The goal is ot mo e ale ts, but a sha ed u de sta di g of what could hu t the busi ess most, why it matte s a d what should happe ext.”
Lumice t also uses age tic wo kflows to help coo di ate a d t ack app oved espo ses ac oss existi g people, systems a d ope ati g p ocesses while keepi g huma judgme t ce t al to the decisio . The basis fo p io itizi g actio is t aceable to the u de lyi g data, givi g teams a commo fou datio fo decisio -maki g ac oss ope atio s, e gi ee i g, isk, fi a ce a d executive leade ship.
Lumice t ope ates i depe de tly f om i dust ial co t ol systems, allowi g o ga izatio s to expa d asset visibility without eplaci g established platfo ms o dis upti g c itical co t ol i f ast uctu e.
Depe di g o the ope ati g e vi o me t, asset mix a d use case, Lumice t deployme ts ca suppo t 30-50% eductio s i u pla ed dow time a d up to 90% eductio s i ma ual i spectio equi eme ts, helpi g o ga izatio s di ect sca ce mai te a ce esou ces towa d highe -co seque ce isks a d i c ease visibility betwee scheduled i spectio s.
Lumice t’s MA1 a d AG co ditio -mo ito i g p oducts a e also FM App oved, demo st ati g that they have met igo ous sta da ds fo pe fo ma ce, eliability a d i dust ial loss p eve tio .
“As we build a mo e secu e domestic supply of c itical mate ials, eliability i side ou ow ope atio s becomes c itical,” said David Hess, di ecto of ma ufactu i g supply chai fo USA Ra e Ea th. “Lumice t helps us ide tify issues befo e they become dis uptio s to commissio i g o p oductio , a d gives us g eate co fide ce that we’ e focusi g ou people a d esou ces whe e they ca have the g eatest impact.”
Fou ded i Va couve i 2020 as CoGo, the compa y i itially focused o helpi g i dust ial o ga izatio s detect cha ges i the physical co ditio of c itical assets. Today, Lumice t exte ds that fou datio i to Decisio I tellige ce, helpi g o ga izatio s dete mi e which cha ges matte most, what they could mea to the busi ess, a d whe e actio should happe fi st.
Lumice t is available ow. Fo mo e i fo matio o to equest a demo st atio , visit www.lumice t.com.
Lumice t is the decisio laye fo isk i physical ope atio s.
Its Decisio I tellige ce platfo m co ects eal-time asset co ditio data with ope atio al a d busi ess co seque ces- eveali g whe e isk is fo mi g, what is exposed, a d whe e actio will have the g eatest impact. By p ovidi g ope atio s, e gi ee i g, isk, fi a ce, a d executive teams with a sha ed, t aceable basis fo p io itizi g actio , Lumice t e ables o ga izatio s to add ess eme gi g isk befo e it becomes failu e, dis uptio , o loss. Lea mo e at lumice t.com.
So gue PR fo Lumice t
