Empowering industrial workforces with AI to improve profitability and achieve net-zero carbon targets.
Canvass Analytics has been named a finalist in the 2020 Fastmarkets Global Awards for Steel Excellence. Nominated for the Technology Provider and IT Services Provider of the Year categories, the awards recognize how Canvass’s AI platform is driving innovation in the steel manufacturing industry.
“As one of the most prestigious and recognizable awards programs for the global steel industry, the Fastmarkets Global Awards set out to showcase international talent and customer-centric solutions,” said Alex Harrison, editorial and pricing director, metals and mining, for Fastmarkets.
Canvass Analytics has been nominated for the Technology Provider and IT Services Provider of the Year categories, recognizing how Canvass’s AI platform is driving innovation in the steel manufacturing industry. By utilizing Canvass AI, steel manufacturers have improved product quality, reduced energy consumption, and lowered operating costs - key benefits that will be essential in the post-COVID operating environment. A recent survey of 100 manufacturers by Canvass Analytics found that 54% said operating costs increased or significantly increased and 43% said operational effectiveness decreased or significantly decreased due to the COVID-19 operating restrictions. As a result, 68% will now invest in AI within the next two years.
“This latest industry recognition highlights the dedication of the Canvass team to achieving our vision of transforming the way companies use data to positively impact the world’s productivity, sustainability, and human livelihoods. This award reinforces our focus on empowering manufacturers to productionize AI quickly and at scale across their day-to-day operations,” commented Humera Malik, CEO of Canvass Analytics.
To learn more about the Fastmarket Global Awards for Steel Excellence, check out the May edition of Metal Market Magazine.