As a participant of the upcoming symposium “2nd GCCIR Matchmaking Symposium” organized by Innoget and GCCIR next November 25th, 2019 in Barcelona (Spain), the company NTWIST is seeking European partners to meet at the Barcelona event to develop a joint collaboration project.
NTWIST is specifically interested in European research and industry partners to co-develop an industrial research of AI modes to improve the performance of equipment or process along with remote monitoring capabilities. Further details are described below.
In case you are interested in meeting NTWIST in Barcelona to discuss a potential collaboration, please register for free to the symposium clicking the “Register to the symposium” button above.
Due to information overload and knowledge gap in control rooms, operators are unable to respond quickly to profit draining variations in process flows, costing US petrochemical industry alone approx. US $20 Billion yearly. Today, companies use many manual tools, and multiple groups (operations, process and reliability) are involved in solving issues with process improvement.
NTWIST is an artificial intelligence (AI) company building industrial process improvement platform to save industrial facilities millions of dollars through revolutionary process decision management.
The company enables high performance in industrial facilities by integrating facility control systems with artificial intelligence to drive throughput, reduce costs and maximize profit.
NTWIST’s techniques are interdisciplinary spanning through chemical engineering, control engineering, mechanical, physics, mathematics and computer science fields. The company is able to do this using the latest cutting edge Artificial Intelligence and industry and research experience of the team.
In terms of the company’s innovative solutions, NTWIST exclusive extractors/drivers allow connecting any SCADA/DCS provider and collecting data from source. NTWSIT plug and play AI integrated platform is being offered as On-Premise (within the client firewall) or as SaaS (Cloud), and provide reports through mobile or web.
The initial implementation in Oil and Gas and Mining industries are able to achieve 5-35% improvements in profit in the form of improved throughput, reduced chemical usage or energy consumption and improved product quality.
Therefore, the company is looking to co-develop an industrial research of AI modes that can improve performance of equipment or a process along with remote monitoring activities. Also, it is looking for partners that can leverage existing research.
Preferences / Requirements for Potential European Partner(s)
The following are the important aspects NTWIST is looking for in a European partner:
- The company is looking to partner with Chemicals or equipment manufactures that will be used in process industry such as Oil and Gas, Mining, Paper and Pulp, Petrochemicals, etc.
- For the company to research and develop AI modes, it requires from partners with access data and subject matter expertise in the Industry they operate.