In a time when data is the driving force behind decision-making, running a business has never had such vast empirical records at hand. This is where one organization has emerged that helps firms extract accurate predictions from data, for better decision-making, Canvass AI, is among the vanguard of the industry, providing AI-powered solutions that transform industrial operations. Canvass AI assists industries in identifying undiscovered opportunities, optimizing process efficiency, and attaining sustainability objectives without sacrificing production through their innovative suites—Process Suite, Net-Zero Suite™, and Asset Suite. Below we explore the industrial sector’s primary offerings and the impact of Canvass AI. Read on to learn how Canvass is altering the canvas of operational excellence in manufacturing.
Optimizing Operational Efficiency
Canvass AI’s series of solutions tackle common industrial problems and help industrials exceed their production goals by revealing previously undetected optimizations. Its predictive capabilities enables real-time responses to process diversions, ensuring the system’s seamless operation.
At one of the customers leveraging Canvass AI for maximizing asset performance, plant engineers and operators achieved significant cost reductions with a 30% decrease in asset failures and unplanned downtime. Another customer using Canvass AI’s Cogeneration Optimization solution has reduced energy consumption, and GHG (greenhouse gas) emissions, by 3%. Another one solved gearbox performance issues, a solution that can immediately be scaled to 250 additional sites for estimated annual cost savings of $20 million.
Net-Zero Suite is a Leading Sustainability Solution
We all know how businesses worldwide are concerned about environmental sustainability, which is where Canvass AI’s Net-Zero Suite supports them. The suite allows enterprises to find creative ways to minimize waste, reduce CO2/GHG emissions, and water use while maintaining production targets. As cited above, one company using Canvass AI’s Cogeneration Optimization solution has decreased greenhouse gas emissions by 3% helping to reach corporate sustainability goals.
“Thanks to Canvass AI’s user-friendly and straightforward solutions, engineers can now get value from data with little to no data science knowledge. To help companies achieve a quick time to value with a low cost of ownership, our solutions provide immediate advantages with a quick time to market and measurable ROI that can be scaled at will.” – Humera Malik, CEO, Canvass AI
MONET – Canvass AI’s New AI Agent
There’s no doubt that the explosion of Generative AI on the market will have an enormously positive impact on manufacturing. And again, it all starts with understanding the data at hand, and using AI to uncover its insights.
Canvass AI recently introduced MONET, a new way to interact with data. Targeting any user with any data, MONET lets them quickly visualize and analyze their data by conversing in simple language like “visualize impurity levels over time” to draw out insights for optimal operational performance. Effectively what the industry calls an AI Agent, MONET is trained on more than 120 proven industrial use cases. The software is available for a trial, with an option to upgrade to a team or a corporate license.
Renowned Industrials Rely on Us
Large industrial firms rely on Canvass AI to improve their operations. Due to Canvass AI’s extensive understanding of industrial processes and its domain specialists and partners, onboarding for customers is streamlined and results are achieved very quickly, typically in 6 to 8 weeks with ROIs as high as 20x. Today, Canvass AI helps oil and gas, petro-chemical, food and agriculture and other industrial manufacturing firms tap into their data’s value, to improve operational performance, optimize production processes, and meet sustainability goals.
Canvass AI’s innovative AI solutions are revolutionizing the industrial sector, enhancing efficiency and sustainability. Their existing suites—Process Suite, Net-Zero Suite, and Asset Suite—solve common industrial problems such as improving asset management, driving optimization in manufacturing processes, and decreasing environmental impact. MONET expands the company’s visibility and AI use to a broader set of users, including small and medium -sized enterprises, which, according to StatsCan, only approximately one in eight (12.3%) businesses with one to four employees is using (8.5%) or planning to use (3.8%) Generative AI.
Want to learn in-depth about Canvass AI’s services and solutions? Visit their official site here.
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