Olam selects Canvass Analytics to Transform Food & Agricultural Sustainability with AI
Updated: Nov 14, 2018
Toronto, November 13, 2018– Canvass Analytics Inc is proud to announce that it has signed an agreement with Olam International, a leading global agri-business operating in 66 countries, to utilize Artificial Intelligence (AI) as part of its strategy to find innovative and new ways of meeting the world’s rapidly growing demand for food, feed, fibre and fuel.
Olam is one of the world’s largest agri-businesses, serving more than 22, 000 customers worldwide. Its heritage lies in the origination and traditional supply chain management, sourcing agricultural ingredients and raw materials in the food and beverage, textile, wood, rubber and related industries.
KC Suresh, Managing Director & CEO, Grains at Olam International commented:
“Artificial Intelligence is a powerful tool to help re-imagine global agriculture. The insights offered by data and analytics provide opportunities to transform the way we operate and to find new ways to address challenges across the agricultural value chains. By integrating emerging technologies into our business we are driving greater efficiencies, enhancing the sustainability of our supply chains and offering more value to our customers.”
Humera Malik, CEO of Canvass Analytics commented:
“We are excited to be working with one of the world’s leaders in food and agriculture to help them transform the way food is sourced, produced and supplied. The potential for Artificial Intelligence in the food and agricultural sector goes beyond operational improvements and the world’s population can benefit from better food quality, improved nutrition and sustainable agriculture that protects the environment.”
Funded by Google’s AI-fund, Gradient Ventures, Canvass Analytics provides an automated AI-powered analytics platform that helps its customers to improve quality, lower production costs and reduce their energy consumption. Canvass Analytics’ customers include Fortune 500 industrial companies across the automotive, aerospace, energy, oil and gas and food and agriculture industries.
About Olam International Limited
Olam International ( SGX: Olam; Bloomberg: OLAM SP; Reuters: OLAM.SI) is a leading agri-business operating across the value chain in 66 countries, supplying various products across 18 platforms to 22,000 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 30 largest primary listed companies in Singapore in terms of market capitalisation. In 2016, Fortune magazine recognised Olam at #23 in its ‘Change the World’ list. More information on Olam can be found at www.olamgroup.com.