*By Michael Teich*
Uptake, one of America's [fastest growing](https://pitchbook.com/news/articles/the-11-fastest-us-startups-to-a-2b-valuation) tech start-ups, is tapping into artificial intelligence to launch the industrial world into the modern era.
Outdated technology and the absence of crucial data is failing many companies in the sector, but machine learning could be the solution to stronger profits, said the company's president Ganesh Bell.
Bell hopes his firm, which analyzes data then issues recommendations to construction companies, can educate his clients.
"Imagine a world where every citizen in the world actually posts their status on Twitter or Facebook every second of the day, no matter what's happening, and nobody was listening. That wouldn't be fun. That's really what's happening in the industrial world," Bell said Tuesday in an interview on Cheddar.
Bell stressed that today as little as 1 percent of data available from industrial machines is being used, and that underutilization leads to premature breakdowns.
Taking note of this inefficiency, Uptake acquired Asset Performance Technologies, a company that can unlock over 20 years of data, Bell said. He added that Uptake can identify "55,000 ways of achieving a break."
"We predict when machines are going to need service, when they are going to fail based on machine learning and A.I. These are all industries like power, energy, oil and gas, construction," he said.
All of this is positive for the bottom lines of companies like Caterpillar and Berkshire Hathaway Energy, with which Uptake partners.
But Bell said consumers also should also be optimistic about Uptake's technology because of its impact on the environment.
"As consumers, we all care about a green world," Bell said. "We're helping them reduce carbon emissions."
For full interview [click here](https://cheddar.com/videos/using-a-i-to-modernize-the-outdated-industrials-industry).
People are making travel plans and booking tickets as the holiday season nears. Johannes Thomas, CEO of Trivago, joined Cheddar News to provide tips on saving when booking lodging ahead of Thanksgiving and Christmas.
Elon Musk unveiled 'Grok,' his new A.I. chatbot over the weekend, adding that it will be more rebellious than its counterparts. Cheddar News breaks it down.
Heinz is combining two popular flavors for its new condiment, pickle ketchup.
Federal health officials are expanding an investigation into potentially lead-tainted pouches of apple cinnamon fruit puree marketed for children amid reports of more illnesses and additional product recalls.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Maks Chmerkovskiy and wife Peta Murgatroyd, of "Dancing With the Stars" fame, are branching out into skincare.
Donald Trump began testifying Monday morning in his civil fraud trial, producing the spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.
The trial between Google and the maker of the game Fortnite will begin Monday as a San Francisco jury will hear Epic Games' case claiming the Google Play Store takes an unfair commission on purchases made through apps.
One of the most self-made and success stories in the country, Emma Grede, has worked along with the Kardashian Jenner family on many of their best-known brands. Grede, CEO and co-founder of Good American, gave back to the next generation of business leaders as a featured speaker at the Chase for Business Make Your Move summit last week. She spoke with Cheddar News about her career, her company's fashion brand, working with the famous Kardashian-Jennifer family and balancing her own family life.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Load More