Vancouver, BC / TheNewswire / September 25, 2018 - BID Group and Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company") announced the creation and implementation of the Oper8 predictive analytics platform - the culmination of a two-year vision to deliver on the promise of enabling the digital transformation of the forest products industry.
The Industrial Internet of Things (IIoT) space is growing and BID Group is well positioned with data ready equipment and the ability to drive a complex set of unique predictive models per machine through Oper8. The Oper8 platform is a forest industry-specific IIoT and data science solution powered by Cumul8 technology. No longer a test or theory, Oper8 is live in a new BID turnkey mill as well as a number of equipment lines with leading integrated forest products companies, optimizing operations through predictive insights generated from connecting both historical and live streaming raw machine data - from Programmable Logic Controllers (PLCs), Solutions, IoT sensors, and more - within a single data system in the cloud.
Cumul8's Sentinel data science engine forms the backbone of the Oper8 platform and oversees all data collected, providing intelligent tools such as forecasting and prediction models. With the Cumul8 Envision Editor, users can quickly create their own complex predictive insight models, with the only limitation being one's imagination of the solutions to optimize operational performance. These data models surface predictive insights that are visualized and alerted via the web-based Cumul8 Discovery toolkit, bringing real, actionable value to the data.
BID Group is one of the largest integrated suppliers to the Forest Products sector and counts many of the industry's top producers as its customers. The Oper8 platform is central to BID Group's philosophy on high quality and rapid deployment of state-of-the-art turnkey projects. "Through the Oper8 joint venture, BID Group has the digital platform to execute on our predictive AI strategy with the goal of not only transforming our own business, but also the entire Forest Products industry," said Alistair Cook, President and CEO of BID Group. "Oper8 gives our engineers the ability to provide deep analytic models as well as a rich array of production reporting on all of our equipment, which will help our customers optimize operations and improve their bottom lines."
The Oper8 platform along with the data streams, deep asset health models, and operational reporting dashboards are to be delivered in all new BID machines and turnkey mills. The connections to all new BID equipment are growing quickly. "Our product portfolio, which includes industry-leading machines from Comact, MoCo, Miller, Deltech, PHL, and McGehee, can only become stronger through the unique asset models and resulting insights delivered through Oper8," said Simon Potvin, Executive Vice President of Wood Products at BID Group."
"We are excited to be part of the digital revolution in Forestry and that we have spent this amount of time learning and growing through BID's expertise and vision. We are seeing that the Oper8 platform can launch and provide value quickly," said Rory Armes, CEO of Eight Solutions. "By combining Cumul8 technology with the industry expertise of BID Group, Oper8 offers a predictive analytics solution specifically developed for mill operations. Oper8 customers have access to key asset health and production metrics they have never had before, including predictive insights that will lead to faster and better outcomes for their operations." |
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