Waylay automates and simplifies complex processing industries.

Waylay offers productized use case templates for the processing industry to kickstart the creation of new business flows and experiment with ideas to generate new revenue.

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An Ultra-Fast Hyperautomation Platform that’s a Game-Changer for Energy & Utility Operations

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The Must-Have Technology for the Energy Sector 

With the capability of integrating data from different systems and processes, hyperautomation provides new valuable insights that can be used to better energy production and distribution, improve overall grid management and reduce the overall environmental impact in the energy sector. Hyperautomation helps oil & gas, utility and virtual power plant companies to quickly and effectively respond to changing market conditions and demands, such as increasing the use of renewable energy sources and the need to comply with regulatory requirements.

Powering New Value: What’s Enabled with Hyperautomation 

With its powerful AI automation and analytics capabilities, Waylay’s
hyperautomation platform provides companies of any size in the energy sector with a technology-driven approach to streamlining operations, increasing efficiency and productivity, and enhancing reliability, sustainability and decision-making with our data orchestration solution that automates and integrates multiple processes and tasks using IoT, IT and cloud data in the most flexible way.

Enterprise and Digital Twin platforms can be applied to automate and optimize various processes in field operations, including:

  • Predictive maintenance to reduce equipment downtime and maintenance costs
  • Supply chain management to improve operational efficiency
  • Resource planning and optimization to optimize energy generation and distribution
  • Customer service and billing to improve customer experience and reduce operational costs.

Fraudulent Credit Card Transaction Prevention

With the extensive use of e-commerce, credit card fraud has become a major issue that every bank, payment processing platform, and web-shop is facing. A big loss in business is not only related to fraudulent transactions, but also in denying legitimate transactions (false positives), which are deemed to be fraudulent leading to additional loss in revenues, high levels of customer dissatisfaction, and on occasion, posies a risk to customers traveling across states and internationally.

Coping with Legacy Systems

The conventional fraud detection approach is setting up rules which are executed against every transaction. These rules are “handcrafted” — it often takes an enormous amount of time and expertise to configure and tweak them. They are meant to find fraudulent activities and patterns based on historical records and expert knowledge, but they are often hard to change. Which means it’s very hard to keep up with new patterns, should those arise . Still, they are easy to verify and interpret and have been used and deployed over decades. In addition, these rules are often implemented as database stored procedures, making them applicable only to offline and bulk processing use cases.

Fraud Detection with Machine Learning

As fraud patterns are changing rapidly, new fraud detection methods are needed to move from a reactive to a proactive approach. In this regard, implementation of efficient fraud detection algorithms using machine learning techniques is a rather straightforward idea. Such an approach enables a system to adapt to new, unknown fraud patterns in real time. Machine learning models are also often hard to interpret. Even for trivial decisions, looking at the confidence score doesn’t yield to anything obvious. Moreover, all ML techniques result in a confidence score, where at the end of a day, someone needs to put a threshold on whether a transaction should be let through or not.

Introducing a painless digital transformation and a citizen developer solution to IT-OT unification. Enterprises now only need one single tool for automation, analysis, full visibility, and optimization of their processing flows and equipment. From day-to-day operations management, and semi-finished products operational inline analysis to equipment maintenance and what-if scenarios in manufacturing to yield increase: Waylay covers all needs in the processing industries.

Increase innovation velocity and kick-start new industrial business models with little effort and minimal risk.

Waylay’s offering is packed with ready-to-use blocks, yet, it is fully open to extend and innovate in all processing industries such as oil & gas, pharma, steel production, energy & power generation, chemical & refining, and food & beverage.

System integrators in the processing industries experience huge variations in the use cases between different verticals when providing IT/OT solutions to their end customers. Waylay’s low-code environment, combined with the high level of abstraction, tremendously speeds up delivery cycles, by benefiting from a templated approach for different industries and assets, and the concept of reusable soft sensors. 

Equipment manufacturers can offer outcome-based service contracts that rely on access to digital twin data and enable a service-oriented business model based on the servitization of equipment with preventive and predictive maintenance to reduce support calls, avoid truck rolls, and boost the efficiency of their field service organization.

Waylay has bundled its experience from working with enterprise customers in processing industries to offer proven solutions at a greatly reduced risk and cost that others can only promise in slide decks.

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Why Waylay?

Whether it's automating manual tasks, improving network management and monitoring, or ensuring compliance with regulations, the intuitive interfaces and scalable workflows in Walay’s platforms make it easy to use and easy to implement.

Waylay Enterprise:
Quickly Close the Gap between Data and Information

Create powerful data automations with advanced rule logic modeling in no-time via our drag-and-drop plugins, sensors and templates. Waylay’s all-in-one, low-code solution taps into your existing software and hardware systems to unify your OT-IT and streamline your digital transformation with little to no effort. 

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Waylay Digital Twin:
IoT Asset Management and Predictive Maintenance

Waylay’s no-code automation solution empowers Salesforce and ServiceNow users with real-time asset monitoring—creating significant efficiency gains and quickly identifying IoT asset issues— by bridging the gap between connected assets and boosting visibility data, health and performance metrics.

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Why Waylay
A Revolutionary  Approach to Fraud Transaction Prevention

Whether it's the need to reduce errors and inconsistencies, to improve compliance and regulatory adherence, or to better data accuracy and integrity, Waylay’s hyperautomation platforms make it easy to use and easy to address industry challenges.

With Waylay cloud-native solutions, you can maximize the use of AI and machine learning, enabling increased agility. Waylay’s automation technology has been designed to combine the best of two worlds. On one hand, Waylay can easily add many predefined filtering criteria and rules, which enables easy addition of multiple sources of information that are carried in every transaction, including information about the user, merchant, transaction amount and type, while delegating most demanding and complex transactions intelligently to suites of different ML models. These solutions can be then applied both in real time and bulk use case scenarios, taking your critical decision systems to the next level, yielding substantially higher levels of agility, depth, and speed needed to compete successfully for customers. This helps customers to increase speed and reduce risk when offering auto loans, mortgages, and credit cards. These new capabilities will also help them compete more effectively in newer areas such as buy-now, pay-later loans. In the end, the right approach to managing data in cloud-native decision systems has the potential to help companies bring new value to customers, market new products, and ultimately increase revenue. 

Waylay Enterprise:
Quickly Close the Gap between Data and Information

Create powerful data automations with advanced rule logic modeling in no-time via our drag-and-drop plugins, sensors and templates. Waylay’s all-in-one, low-code solution taps into your existing software and hardware systems to unify your OT-IT and streamline your digital transformation with little to no effort. 

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Waylay Edge:
Easy-to-Deploy, Business-Ready Platform for On-Prem

Waylay’s edge automation solution can help banks and financial institutions operate more efficiently, enhance security, and deliver a better customer experience while reducing costs with its superior automation experience to create your own automaton scenarios on a Raspberry PI or run everything locally on a PC or laptop. 

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RovingEye: A Capgemini Fraud Monitoring Solution Powered by Waylay

Built on cloud, RovingEye comes out-of-the- box with AI algorithms and rulesets that gives any organization an edge combating fraud. The AI-based hyperautomated solution is equipped with big data processing capabilities with the latest security and access control measures to provide scale and resiliency for handling millions of transactions a day.

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Revolutionizing the Oil & Gas Industry with Hyperautomation

Upstream, midstream, and downstream, all need hyperautomation to optimize production efficiency, reduce costs, enhance safety, and  improve operations. It automates repetitive tasks, reduces labor costs, improves operational efficiency, and minimizes downtime. Click below to download a solution brief on managing smart energy. 

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Transforming Utilities with the Power of Hyperautomation

A must-have in wind, solar, and electric power is hyperautomation to provide real-time asset monitoring, prediction, and prevention of equipment failures, which enables faster response times, optimizes consumption, improves safety, reduces costs and improves the overall sustainability of infrastructures. Watch this video to learn how to leverage connected asset performance data.

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Hyperautomation Propels Virtual Power Plants into the Future

Hyperautomation helps to resolve the growing operational concerns of VPPs by integrating data from intelligent systems and smart processes, providing valuable insights into energy production and distribution, optimizing the distribution of energy while reducing operational issues of scalability, and more. Download this use case to learn why service management is critical to VPPs.

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Schedule a Demo Today

See firsthand how Waylay’s pioneering data orchestration platform can easily and quickly resolve your digital transformation needs and challenges. Submit your information below and we’ll connect you with one of our automation experts to set a demo time.

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Panel Discussion: Minimizing Fraud Risk In Financial Transactions With Hyperautomation

Fraudsters, armed with state-of-the-art technologies, are persistently targeting the finance sector. Consequently, these constant attacks contribute to the finance industry incurring hundreds of billions in losses annually.

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A New Approach to Credit Card Fraud Transaction Prevention

With the extensive use of e-commerce, credit card fraud has become a major issue that every bank, payment processing platform, or web-shop site is facing. A big loss in business is not only related to fraudulent transactions, but also to denying legit transactions, which are deemed to be fraudulent, leading to loss in revenues, high levels of customer traveling and more.

Continue Reading

Low-code and No-code Automation Accelerates User Experience

Today, the competition in the financial services landscape is growing rapidly with entry from the non-banks. Small fintech companies are nibbling away at large financial institutions’ market share for their products and services. The major value proposition from fintech is a top of the line end-to-end customer experience.

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Hyperautomated Cybersecurity to Navigating the Digital Landscape

As companies adopt technology to streamline operations and enhance customer experiences, the threat of cyber attacks looms large. This is where hyperautomation comes into play, by addressing these challenges head-on. By automating complex and repetitive tasks, hyperautomation helps businesses to stay ahead of the curve, detecting and mitigating cyber threats in real-time.

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Automated monitoring in Salesforce via monitoring rules
Automated monitoring in Salesforce via monitoring rules

Automate with Waylay

Key Benefits of Waylay for

Processing Industries

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Automated monitoring in Salesforce via monitoring rules

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