A closer look into what we provide with hazard and trend analysis.
Kinetic Metrics has witnessed manufacturers struggle with TREAD reporting. For large Original Equipment Manufacturers (OEMs), reporting information for TREAD Act requirements can be a serious burden. For new OEMs, it can appear as a daunting and unfamiliar task. Therefore, we are pleased to introduce our newest offering, the TREAD Reporting and Insights Platform (TRIP). This platform was created in partnership with our friends at Mile59.
The data used for TREAD reporting is a gold mine for manufacturers who wish to spot trends and understand prevalence and severity of issues over time. Thus, TRIP provides a unified process for collecting, cleaning, analyzing and reporting data.
Some TRIP Basics
TRIP is an interactive dashboard to review and categorize reports. Clients can examine buckets of these reports for trends, text search across all reports, or narrow down by a specific field. The dashboard can also provide at-a-glance views for distributions and trends, and also provide historical information.
In addition to the dashboard review and categorization, TRIP has the capability to provide statistical analysis of issues. This way clients can quickly spot new issues and understand how they are increasing or diminishing over time. There is also the capability to include Artificial Intelligence that enables automated text analysis to help with mis-categorization and quick spotting of issues and unsupervised learning to cluster issue and reveal patterns.
Adopting TRIP can be done in three simple stages. Stage 1 involves examining a client’s current data processing technology and pipeline and providing updates and modernizations if necessary. Stage 2 includes pushing data to the TRIP and using the basic dashboards. Stage 3 involves customization of dashboards and adopting the advanced analytics techniques.
TRIP can assist clients in avoiding the pitfalls of under reporting. Not properly reporting under the TREAD Act can lead to serious civil penalties from the Federal Government. You can learn more about TRIP by visiting our page here, or by contacting us.