TORONTO, Ont. – [April 13, 2021] – Canvass Analytics Inc., (“Canvass AI”), a global leader in AI for the industrial sector, today announced that a major food ingredient manufacturer is using the Canvass AI platform to significantly reduce its plant’s energy costs and greenhouse gas emissions. In just one year of using the platform, the industrial company has reduced its annual energy costs by 4% and the plant’s carbon emissions by more than 9 Million pounds.
According to the Food and Agriculture Organization of the United Nations (FAO), the food sector currently accounts for around 30 percent of the world’s total energy consumption and contributes over 20% of total global greenhouse gas emissions (GHGs). In the food processing sector, it is expected that energy consumption will increase by 5% in the next five years – adding millions to manufacturers’ annual operating costs. As part of the North American ingredient company’s drive to achieve cost efficiencies and reduce the environmental footprint of their operations, the manufacturer implemented the Canvass AI Platform. Canvass AI empowers industrial engineers to harness the power of AI to make data-driven decision in their day-to-day operations 12x faster than other platforms.
“This world leading manufacturer is using Canvass AI to address three of their top operational challenges: the need to reduce costs, optimize OEE, and reduce their environmental footprint. With Canvass AI, the operations team are able to use AI first-hand to make data-driven decisions that keep their operations within specification, ensuring throughput is maintained while reducing waste,” commented Humera Malik, CEO of Canvass AI.
“What we are seeing is that AI is ready and industrial companies are driving impact with AI today. However, in order to scale AI, companies need to have a clear business outcome in mind, automate a process that is standardized with good quality data, and leverage a platform that is purpose-built and secure. AI, when combined with a culture dedicated to continuous improvement, will enable the fourth industrial revolution driving zero-touch operations and zero defects,” commented Sachin Lulla, Global Digital Strategy and Transformation Leader, Ernst & Young.
To learn more about how this ingredient company is using Canvass AI to cut their energy consumption, resulting in lower energy costs and CO2 emissions, register to attend the webinar “AI Showcase: Using AI to cut energy costs and carbon emissions” being held on April 28 at 11amEST. Register via the link: https://hubs.li/H0KVwHl0.
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About Canvass AI
Canvass AI is a leading AI software provider for the industrial sector. Canvass AI simplifies the process for industrial engineers to deploy and scale AI across their operations without the need for coding skills. Some of the world’s largest industrial companies are using Canvass AI to improve resiliency, empower their workforce, and drive their net-zero ambitions. Canvass’s customers span the food and beverage, chemicals, energy, metals and mining, oil and gas, pharmaceutical, and automotive sectors. Its investors include Yamaha Motor Ventures and Alphabet’s Gradient Ventures. Follow us on Twitter or LinkedIn.