Partnership provides mining operators with a streamlined hardware + software solution to collect data from mobile assets and apply AI to generate insights.
Sudbury, ON, Canada – October 17, 2019 – Symboticware Inc., an industry leader of standardized information-based technology to enhance productivity, sustainability, profitability and safety through real-time data management solutions, announces a partnership with Uptake, the leading Industrial artificial intelligence (AI) provider, to provide mining companies with an integrated AI and data science solution to increase the productivity of mobile mining equipment.
The joint solution combines Symboticware’s SymBot® device, which provides comprehensive data capture from mining fleets, and Uptake’s Asset Performance Management (APM) software, Asset IO, applies AI to surface predictive insights from the data. The combination of the two arms users with:
- Data-driven cost reductions – For an average, medium-sized mining site, this joint solution can save as much as $2.5M annually in haul truck maintenance, fuel, and tire costs alone. Additionally, the operator and fleet productivity is optimized with the help of benchmarking and informed decision making.
- Actionable insights for continuous improvement – Uptake’s Asset IO Mining software quickly turns the data into actionable AI driven insights, deploying AI models that are pre-trained to drive greater performance, reliability, and availability of the mobile mining fleet.
- Greater visibility into assets – Collect data from sensors, store time-stamped values in an internal database and seamlessly transmit data for AI analysis.
“Industrial data is only as good as the insights that can be gleaned from it,” said Kirk Petroski, President and CEO Symboticware Inc. “This solution delivers predictive insights that are both accurate and actionable, providing the user with sufficient lead time into maintenance issues so they can be ahead of the curve. That ability to proactively mitigate maintenance problems yields a proven, measurable increase in productivity.”
“Optimal machine health and performance is critical to getting the most out of investments in equipment and achieving a high return on capital employed,” said Ash Agarwal, Director of Mining at Uptake. “Performing regular maintenance on haul trucks can be labor- and time-intensive, with the added cost of unplanned downtime having a significant impact on throughput and operating expenses. This integrated solution provides the best of industrial IoT and AI to reduce downtime, minimize operating expenses and aid in the development of a comprehensive maintenance program.”
Uptake and Symboticware will be at the Future of Mining Americas event on October 21-22 in Denver. Stop by Booth #20 or contact Ashutosh.Agarwal@uptake.com to arrange a meeting to see the joint solution in action.
Uptake’s AI-driven software products deliver insights to global industry. Our customers depend on Uptake to increase productivity, reliability, and safety — and we do it by delivering actionable insights to the operational frontline. Recognized for leadership in industrial IoT (IIoT) by the World Economic Forum, CNBC and Forbes, Uptake is headquartered in Chicago with presence in Canada, Europe and Australia. Visit us at www.uptake.com
Symboticware’s industrial IoT hardware and software platform helps customers unlock, collect, and analyze valuable data from their mobile and fixed assets. It enables businesses to optimize productivity, improve resource efficiency, increase equipment availability with preventive and condition-based maintenance, and enhance safety with real-time operator feedback. Symboticware is used in rugged and remote mining areas around the world, from the far north to kilometers below the earth’s surface. For more information, visit www.Symboticware.com
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