26 Aug MicroAI Wins 2020 Artificial Intelligence Breakthrough Award
Prestigious Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies
DALLAS, August 26, 2020 – MicroAI, a global leader in edge AI technology, today announced that its MicroAI™ solution has been selected as the winner of the “Best AI-based Solution for Manufacturing” award in the 2020 AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.
MicroAI’s patented technology, MicroAI™, is compact enough to live on an edge device, transforming how industries operate by enabling real-time data transmission that ultimately mitigates both cost and physical risk. By employing pattern-recognition, behavioral anomaly detection, and delivering tailored insights, compelling outcomes can be generated.
Using MicroAI™, MicroAI generates actionable insights into asset behavior in both the present and future, using pattern-recognition to predict when an asset may fail and provide an alert before the event happens. These insights help prevent catastrophic damage, worksite injury, and unnecessary cost.
“In the past, artificial intelligence algorithms, although powerful, were so large that they had to live in the cloud. While the cloud is suitable in many situations, it does not support use cases that require real-time analytics and alerts,” said Yasser Khan, CEO, MicroAI. “What differentiates our solution is its truly predictive nature enabled by its ability to train in the local environment. This allows for MicroAI™ to achieve a level of precision and accuracy previously unachievable by cloud-based AI through its ability to leverage data that is unique to both the external factors of the environments in which the machines operate, as well as the behavior of the specific machines on which it is deployed.”
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry specific AI applications and many more. This year’s program attracted more than 2,750 nominations from over 15 different countries throughout the world.
“Leveraging AI in complex industrial IoT applications is providing significant benefits, and MicroAI is a clear leader in this area, optimizing the performance and improving the security of assets in diverse industries like Oil & Gas, Utilities, Manufacturing, Telecom, and Agriculture,” said James Johnson, managing director, AI Breakthrough. “MicroAI’s ability to integrate their lean AI algorithm to operate on existing software and platforms makes it a powerful ally to any operations and risk management team, and we congratulate the whole team at MicroAI for this achievement. We are proud to recognize MicroAI with our ‘Best AI-based Solution for Manufacturing’ award for 2020.”
MicroAI can affect significant improvements in overall equipment effectiveness (OEE) and product yields as a result of both real-time and future visibility into the health of machines and equipment. In addition, it equips users with actionable knowledge of an asset’s entire lifecycle, making time-sensitive data about asset health and location readily accessible in real-time. Furthermore, MicroAI handles optimization of work-order management, technician selection and dispatch, mobile enablement, and in-transit asset tracking. Lastly, the solution thoroughly enhances breach detection capabilities to reduce the risk of catastrophic cyber-threats.
MicroAI is redefining artificial intelligence at the network edge, delivering powerful endpoint and edge AI and machine learning solutions that help enterprises and industrial companies achieve deeper insights into the behavior of machines and processes within their organization. MicroAI’s MicroAI™ technology curates and processes raw IoT data on the network edge rather than in the cloud, helping companies discern valuable data and quickly spot anomalies by triggering actionable insights and alerts. Devices are trained in the local environment, allowing for personalization while providing the highest levels of security and privacy. For more information, visit www.onetech.ai, follow us on LinkedIn and Twitter.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For more information visit AIBreakthroughAwards.com.