SERENA mapped on
Economic sustainability
General desciption of Economic sustainability:
Economic sustainability is the component of sustainability where the focus is on commercial competitiveness and the ability to do be successful from the business perspective.
Comment:
SERENA aims towards the data-driven condition evaluation of machine and production equipment, which through machine learning techniques can provide insight in the remaining useful life of the equipment enabling the avoidance of production stops and thus reducing its overall costs. The combination of data-driven and physics based techniques is envisioned to increase the reliability of the prediction and contribute to a high perfromance production without undesired interruptions.