IXDen launches dual solution for failure prediction, cybersecurity
IXDen, a cybersecurity company, has created the world’s first autonomous software that combines operational technology (OT) failure predictions and cybersecurity in an all-in-one solution.
The IXDen software analyzes data from sensors and industrial equipment to spot anomalies in data transactions that signal a cyberattack or OT failure.
OT failure and cybersecurity threats are always a concern for companies, especially in safety-critical sectors such as the utilities, defense, and smart building industries. Cyberattacks on critical infrastructures have become more common in recent years, and the current socio-political situation makes them an even bigger threat. At the same time, OT failures routinely jeopardize revenues for companies, leading to millions of dollars in losses. This new software has been created to tackle both at once.
The company is the first to create the concept of a biometric identity and multi-factor authentication for industrial equipment. IXDen’s patented solution is a fully autonomous machine learning (ML) software that creates a dynamic behavioral model of each device, both in isolation and as part of interrelated process dependencies. The software monitors 100 percent of data transactions at the sensor level, spotting changes in behavior that signal a cyberattack or equipment failure.
The data is then used to summarize the OT health in a single numerical score, highlighted by a traffic light performance indicator ― signally red, orange, or green. With these values, operations managers have an intuitive way of monitoring the whole OT system at a glance, with the ability to drill down on the root causes of problems.
IXDen’s software has been successfully installed at Mekorot, the national water company of Israel and the country's top agency for water management. There, it helps detect anomalies to support better predictive maintenance and cybersecurity. Mekorot's vast supply network comprises 13,000 km of pipelines, 3000 water production plants, 25 desalination sites and supply installations, and millions of sensors.
The software predicted failures many days in advance, in some cases even 60 days prior to the event. It is estimated that the OT failure predicting abilities of the software will help Mekorot save millions of dollars every year.
“With the successful launch of our software solution in Israel gaining more attention, we are working on expanding our market to the U.S. and Europe. We are happy to continue our global expansion to enable OT failure prediction and cybersecurity while helping companies in the utilities, defense, and smart building industries save millions,” said Zion Harel, Co-CEO and co-founder of IXDen.
IXDen has already secured connections with various dedicated associations, such as American Water Works Association (AWWA), Water and Wastewater Equipment Manufacturers Association (WWEMA), and British Water Association. The companywill continue its rollout to the U.S. and Europe, which will include attending the WWEMA 47th Washington Forum in Washington DC during April 26-28, 2022.
Gloss