Stelco and Canvass Analytics Partner on AI Software for Steel Operations
April 2019 - AmericanRecycler.com
BI Intelligence predicts that global manufacturers will invest $70 billion on IoT solutions in 2020, up from $29 billion spent in 2015. As IoT adoption in manufacturing accelerates, this leaves steel plants challenged with untapped real-time data being processed across legacy systems, devices and machines. Canvass Analytics leverages AI and Machine Learning to transform previously unconnected data into predictive analytics insights that improve key business metrics.
In many manufacturing processes, decisions are mostly based on institutional knowledge and limited data. Canvass bridges the gap between workforce knowledge and curated IoT inputs to create an Intelligent Operations solution that minimizes energy consumption, increases throughout, reduces downtime and extends the lifetime of a plant’s assets.
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