Talking Business With Alan Kohler

Brad Parsons CEO & Founder MOVUS

Informações:

Synopsis

MOVUS is a Brisbane company that develops and provides an intelligent device that monitors the condition of industrial equipment. The MOVUS FitMachine is attached to industrial machinery and uses a sensor to monitor the machine’s vibration, temperature and acoustics. It sends an alert, using artificial intelligence, at the first detection of machinery malfunction, saving business owners’ valuable time and money. The hockey puck shaped sensor is called FitMachine, which is described as a 'FitBit' for heavy equipment, mainly found in manufacturing. It simply attaches itself magnetically to machines. FitMachine works by combining AI technology/algorithms to 'teach' itself (machine learning) once it is attached to equipment. Since its inception in 2015, the company has grown to 25 full-time staff and has moved to a new office in Spring Hill. Along the way, the company has been supported by several government grants and was also a finalist at the 2018 Lord Mayor’s Business Awards. He says: &lsquo