Houston, Sept. 19, 2024 (GLOBE NEWSWIRE) —
Imubit Launches Optimizing Brainโข Solution: The Process Industryโs First Closed Loop AI Optimization Solution Powered by Reinforcement Learning
Houston, TX โ [September 18, 2024] โ Imubit, a global leader in closed loop artificial intelligence (AI) optimization, has launched its Optimizing Brainโข Solution and Industrial AI Platform. This is the first reinforcement learning powered AI process optimization technology recognized by ARC Advisory Group, the leading industry research firm, in their new category of Closed Loop AI Optimization (AIO).
Core to the Optimizing Brainโข Solution is its Foundation Process Modelโข coupled with 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.
Trusted by 7 of the 10 largest refiners in the US Imubit, has over 90 closed loop AI applications deployed in some of the worldโs largest industrial processing plants, Imubitโs technology is delivering tangible results โ boosting refinery margins by $0.30 to $0.50 per barrel and reducing natural gas consumption by up to 30% in rotary kiln operations.
Gil Cohen, CEO and Imubit co-founder, highlighted the transformative impact of their technology: โChatGPT and other Foundation Models are reshaping industries with their broad applicability. At Imubit, weโve 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.
โWe see Imubitโs use of reinforcement learning for real-time process optimization as unique and a strong differentiator in the market,โ said Peter Reynolds, Industry Analyst at ARC Advisory Group. โThis approach prompted us at ARC to rethink how we categorize AI in process optimization and control. Imubit falls into a new category, distinct from traditional APC and optimization solutions, which we call Closed Loop AI Optimization, AIO.โ
The Optimizing Brainโข solution was launched at Imubitโs Transcend AI Summit and Training event in Houston, which brought together some of the most forward-thinking leaders in the process industries. Operators like Marathon Petroleum Corporation, HF Sinclair, Citgo, and Oxbow Calcining shared how Imubit is helping them accelerate their digital transformation journey.
โOnce your initial business case is solved, and you start seeing a lot of the excitement in the room around what’s possible, thatโs when you can really democratize AI. Thatโs when your operations team, P&E team, engineering team, IT team can explore all these other problems that you may not have even thought of and theyโll begin finding new ways to maximize value for the company using Imubitโs platform.โ said Kyle Kuchta, Sr Director of Business Transformation, Delek US.
โThe industrial sector is rapidly evolving,โ added Cohen. โIf you’re not using AI to optimize your process operations, your competitors are.โ
-ENDS-
High res image HERE
Photo Caption:
Customer panel at Imubit Transcend Houston event (from left to right):
Panellists: Kyle Kuchta, Sr Director of Business Transformation, Delek US; Joe Boyce, Process Controls Technologist, Marathon Petroleum Corporation LP; Kris Kissel-Weir, VP Manufacturing Systems & Data Analytics, Oxbow and Moderator: Peter Reynolds, Analyst for Industrial Manufacturing, ARC Advisory Group.
About Imubit:
Imubit is a pioneering leader in Closed Loop AI Optimization (AIO), transcending industrial process performance through the integration of its Foundation Process Modelโข with advanced reinforcement learning. Our Optimizing Brainโข Solution simplifies complex operations, boosting margins, reducing emissions, and democratizing AI for engineering teams. Trusted by 7 of the top 10 U.S. refiners and proven in over 90 applications, Imubit is accelerating workforce and digital transformation. Discover how Imubit can help you achieve operational excellence at www.imubit.com.
Contact Details:
BCM:
Katy Moore โ [email protected], +44 208 164 3118