MODEC, Inc. (MODEC) and Mitsui & Co., Ltd. (Mitsui) have launched Shape Pte. Ltd. (Shape), an advanced analytics and machine learning service startup with the mission to transform data into substantial and sustainable business value through innovative digital solutions for heavy industries players. Shape is a unique, integrated offering that assures delivery of lasting impact that goes well beyond software.

Its service, Predictive Maintenance (PdM) detects early signs of deteriorating performance and act before operational failures occur for example. Shape has developed over 700 models, which are empowered by a data platform built with cutting-edge tech infrastructure for accelerated applications development under robust data security. Results include financially remarkable oil production increment for MODEC and significant reduction in addressable downtime with PdM.

In addition to PdM, Shape pursuits impact-driven innovation, such as Greenhouse Gas (GHG) reduction solution under R&D Phase, aimed at contributing towards a net zero society.