The #AIEYE: How #AI, #IoT and Digital Tech are
Transforming Resource Industries (TSXV: $MCLD.V) (OTC:
$SBGSY) (TSX: $STLC.TO) (TSXV: $AIIM.V)
Point Roberts WA, Vancouver BC – April 4,
2019 – Investorideas.com,
a global investor news source covering Artificial Intelligence issues a special
edition of The AI Eye, looking at how new
developments in AI, IoT and the digital tech sector are now being deployed in
seemingly “old-school” industries such as oil and gas and mining.
As technology
progresses forward at a break-neck pace, older and more established industry
sectors such as oil and gas, or mining and manufacturing are beginning to
realize that utilizing these new technologies is the only way to embrace the
future. BI Intelligence predicts that
global manufacturers will invest $70 Billion on IoT solutions in 2020, up from
$29 Billion spent in 2015.
Universal
mCloud Corp. (TSX-V: MCLD) (OTCQB:
MCLDF), a leading provider of asset management solutions
combining IoT, cloud computing, artificial intelligence and analytics, recently
unveiled its plans to connect oil and gas field workers with real-time access
to digital work assistance capabilities using the Company’s AssetCare platform
delivered via head-worn, hands-free smart glasses.
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/04041AIEye-MCLD-SBGSY-STLC-AIIM.asp
Originally
developed to support field workers and maintainers in mCloud’s Smart Buildings
and Wind segments, the Company expects to deliver similar capabilities within
its recently announced entry into Oil and Gas through its newly-signed
three-year global licensing agreement for AssetCare solutions with Fulcrum
Automation Technologies (“Fulcrum”). In the oil and gas industry, mCloud
estimates there are over 1.4 million field workers operating over 500,000
assets across North America whose roles would benefit from the enhanced
productivity and efficiency that would come with hands-free access to AssetCare
in the field.
Delivered on smart
glasses, mCloud’s AssetCare platform enables workers in the field to get access
to the right information at the right time combining the features of an
AI-powered digital assistant with advanced 3D and mixed reality. Real-time
digital work instructions enable workers to get guidance and verification as
they work through complex procedures, ensuring they get jobs done right the
first time. Smart work order management capabilities ensure workers focus on
those field assets in most urgent need of attention.
In addition, remote
assistance, provided through mCloud’s strategic arrangement with Agnity Global
enables workers in the field to virtually collaborate with experts in the
corporate back-office through a secure, enterprise-grade video and audio link.
“Our ability to
deliver AssetCare on hands-free smart glasses lets us dramatically improve the
productivity and efficiency of field workers everywhere,” said Dr. Barry Po,
mCloud’s Chief Product Officer. “All across the oil and gas value chain, there
are opportunities for us to enhance the way decisions are made in the field.”
Schneider
Electric S.E. (OTC:
SBGSY), a leader of digital transformation in energy
management and automation, has recently announced the launch of Schneider
Electric Exchange, the world's first
cross-industry open ecosystem dedicated to solving real-world sustainability
and efficiency challenges.
"Digitization
continues to revolutionize the way we work and behave. The world can no longer
work in independent silos; the need for better integration and collaboration
has unearthed new opportunities and solutions. Schneider Electric Exchange
brings together a diverse ecosystem of digital innovators and experts, enabling
the co-creation of solutions and enriching learning and speed through
collective intelligence. Together this digital ecosystem creates, collaborates,
and scales business growth," says Cyril Perducat, EVP IoT & Digital
Offers, Schneider Electric.
Stelco
Holdings Inc. (TSX:
STLC) (OTC; STZHF), the
owners of North America's newest and most technologically advanced integrated
steelmaking facilities recently
announced signing an agreement with Canvass Analytics Inc., a
global leader in AI software for intelligent industrial operations to use
Canvass's AI platform to transform its steel operations, improve yield and
boost productivity.
Alan Kestenbaum,
Executive Chairman of Stelco Inc. commented: "As a company that strives to
deliver the market's highest quality products in a cost competitive manner, we
are continuously looking at how we can operate better. By partnering with
Canvass Analytics, we are systematically transforming our facilities into
intelligent operations environments and augmenting a digitally oriented
workforce in order to take the efficiency of our operations to the next level.
Canvass Analytics quickly demonstrated to us the usefulness of AI in certain
areas of our operations and the potential of applying AI across our operations
in order to increase our profitability and competitiveness."
In the mining
sector, Albert Mining Inc. (TSX-V: AIIM), using
Artificial Intelligence (AI) and advanced knowledge-extraction techniques since
2005 announced on
March 28th that its technology will be used on Playfair Mining
Ltd.’s RKV property (Tynset, Hedmark County area, 295.96 square kilometres),
located in Southern Norway, 350 km North of Oslo. A fee will be paid to Albert
for applying its CARDS (Computer Aided Resources Detection Software) system
using AI and Datamining on the RKV property.
Albert Mining says
its objective is to develop a new royalty stream by significantly enhancing and
participating in the exploration success rate of mining.
AI is changing the future of the resource
sector from agriculture to energy and mining but it also impacts almost all
sectors as innovation and demand for efficiency become key ingredients for
success. In Canada and the US, the
resource sector is a key contributor the economy, so the old must meet the new
or face meeting the fate of the dinosaurs.
For a list of artificial intelligence
stocks on Investorideas.com visit
here or become an Investor Ideas member.
About
Investorideas.com
Investorideas.com
is a recognized news source publishing third party news and press releases plus
we create original financial content. Learn about investing in stocks and sector trends
from Investorideas.com with our news alerts , articles , podcasts
and videos talking about cannabis, crypto,
technology including AI and IoT ,
mining ,sports biotech, water, renewable energy and more . Investorideas.com
original branded content includes the daily Crypto
Corner and Podcast, Play by Play sports and stock
news column, Investor
Ideas #Potcasts #Cannabis News and Stocks
on the Move podcast and column,
Cleantech and Climate Change Podcast and
the AI Eye Podcast
and column covering developments in AI.
Disclaimer/Disclosure:.
https://www.investorideas.com/About/Disclaimer.asp
, Our site does not make recommendations for purchases or sale of stocks,
services or products. Nothing on our sites should be construed as an offer or
solicitation to buy or sell products or securities. All investment involves
risk and possible loss of investment. This site is currently compensated for
news publication and distribution, social media and marketing, contents
creation and more. Contact each company directly regarding content and press
release questions. Disclosure is posted for each compensated news release,
content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Disclosure: More disclaimer info: This article featuring mCloud Corp. is a paid for
article on Investorideas.com ( third party)
Learn more about our podcast and article
services and costs https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations
of each country.
Contact
Investorideas.com
800 665 0411
