Canvass AI., a provider of industrial AI software, announced the company has signed a technology partnership agreement with HighByte, an industrial data operations (DataOps) software company, to accelerate how industrial companies unlock the value of operational data and leverage Artificial Intelligence (AI) to improve the performance of their assets and processes.
Together, Canvass AI and HighByte have integrated the two technologies to cut the complexity out of extracting value from data so that manufacturers and other industries can deploy AI in days, not months, and successfully scale insights across their operations.
According to Deloitte, manufacturing is estimated to generate about 1,812 petabytes (PB) of data every year, more than communications, finance, retail and several other industries. Despite this, manufacturers struggle to quickly extract meaningful value from it.
According to industry surveys, industrial data analysts can spend up to 80 per cent of their time manually collecting and preparing their digital data before it can be applied to AI.
Together, the Canvass AI Platform and HighByte Intelligence Hub make it easy for industrials to bring all their disparate data sources into one place and then use AI capabilities to tackle key issues like asset and process optimization, defect part detection, and failure predictions.
“Canvass’s partnership with HighByte supports our mission to enable industrial engineers to accelerate how they address their operational challenges with the value of Industrial AI,” said Humera Malik, CEO at Canvass AI. She continued, “our customers are already experiencing the benefits of our joint solution. What once took months to access and prepare data for AI now takes days to extract value. It’s all about speed, success, and scale.”
“HighByte Intelligence Hub enables plant floor engineers to securely connect, merge, model, and flow industrial data to Canvass AI at scale. Together, we enable our customers to improve their operations by using the power of AI to identify patterns in and gain insights from large volumes of operational data,” said John Harrington, Co-Founder and Chief Product Officer at HighByte.
Canvass AI and HighByte are supporting industrial companies around the world to address their operational challenges, such as improving product quality and on-time deliveries, lowering costs, and optimising energy consumption. By putting Machine Learning and AI on top of their operational data layer, industrial organisations are making data-driven decisions faster to improve performance, increase quality, and reduce their environmental footprint.