Imubit launches AI optimisation solution
Published by Emilie Grant,
Editorial Assistant
Hydrocarbon Engineering,
Imubit has launched its Optimizing Brain™ Solution and Industrial AI Platform. This is the first reinforcement learning powered AI process optimisation technology recognised by ARC Advisory Group in its new category of Closed Loop AI Optimisation (AIO).
Core to the solution are its Foundation Process Model™ coupled by reinforcement learning. These capabilities take a data first approach and transform complex industrial challenges safely into efficient processes. By improving margins, reducing emissions, and fostering the development of an AI-savvy workforce, Imubit enables plants to achieve operational excellence in a rapidly evolving industrial landscape.
Imubit has over 90 closed loop AI applications deployed in some of the worlds largest industrial processing plants. In a statement, the company said that its technology has boosted refinery margins by US$0.30 to US$0.50/bbl and reduced natural gas consumption by up to 30% in rotary kiln operations.
Gil Cohen, CEO and Imubit Co-Founder, said: “ChatGPT and other Foundation Models are reshaping industries with their broad applicability. At Imubit, we’ve harnessed this approach for process manufacturing with our Optimizing Brain Solution. It lets customers use data-driven models across operations, planning, and engineering, breaking down plant silos and enabling all technical staff to thrive in an AI-driven future.”
The solution was launched at Imubit’s Transcend AI Summit and Training event in Houston, which brought together some of the most forward-thinking leaders in the process industries, including Marathon Petroleum Corp., HF Sinclair, Citgo, and Oxbow Calcining.
Read the article online at: https://www.hydrocarbonengineering.com/product-news/25092024/imubit-launches-ai-optimisation-solution/
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