Houston, Sept. 19, 2024 (GLOBE NEWSWIRE) —
Imubit Launches Optimizing Brain
Houston, TX – [September 18, 2024] – Imubit, a global leader in closed loop artificial intelligence (AI) optimization, has launched its Optimizing Brain
Core to the Optimizing Brain
Trusted by 7 of the 10 largest refiners in the US Imubit, has over 90 closed loop AI applications deployed in some of the world’s largest industrial processing plants, Imubit’s technology is delivering tangible results – 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: “ChatGPT and other Foundation Models are reshaping industries with their broad applicability. At Imubit, we’ve 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.
“We see Imubit’s use of reinforcement learning for real-time process optimization as unique and a strong differentiator in the market,” said Peter Reynolds, Industry Analyst at ARC Advisory Group. “This 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.”
The Optimizing Brain
“Once your initial business case is solved, and you start seeing a lot of the excitement in the room around what’s possible, that’s when you can really democratize AI. That’s 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 they’ll begin finding new ways to maximize value for the company using Imubit’s platform.” said Kyle Kuchta, Sr Director of Business Transformation, Delek US.
“The industrial sector is rapidly evolving,” added Cohen. “If you’re not using AI to optimize your process operations, your competitors are.”
-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 Model
Contact Details:
BCM:
Katy Moore – k.moore@bcmpublicrelations.com, +44 208 164 3118
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