ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Cognite Announces Generative AI-Powered Industrial Canvas Platform to Accelerate Business Decisions by 90%

Industrial Canvas delivers the ultimate no-code experience to derive cross-data source insights and drive high-quality production optimization, maintenance, safety, and sustainability decisions

Cognite, a globally recognized leader in industrial software, today announced Industrial Canvas, an intuitive, composable, visual workspace that revolutionizes data exploration and visualization. Industrial Canvas is built on top of the market-leading Industrial DataOps foundation within Cognite’s core platform, Cognite Data Fusion®, and is powered by Cognite AI, a comprehensive suite of Generative AI capabilities. With Industrial Canvas, Cognite makes cross-data source insights available to everyone, at all levels of the organization, to easily build specific use case applications. This decreases time spent searching for data and increases time spent collaborating, accelerating high-quality business decisions by 90%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230622581174/en/

Cognite Announces Generative AI-Powered Industrial Canvas Platform to Accelerate Business Decisions by 90%. (Photo: Business Wire)

Cognite Announces Generative AI-Powered Industrial Canvas Platform to Accelerate Business Decisions by 90%. (Photo: Business Wire)

“Industrial Canvas makes data ‘speak human,’ as for every one person that can ‘speak code,’ there are 100s who cannot,” says Geir Engdahl, Chief Technology Officer at Cognite. “Industrial Canvas can now empower everyone utilizing data to inform their daily production optimization, maintenance, safety, and sustainability decisions with simple access to complex industrial data - in their language and on their terms.”

Industrial Canvas is a collaborative environment where users can view all data types (documents, engineering diagrams, sensor data, images, 3D models, and more), choose to share workspaces, tag users, and share insights as comments. Industrial Canvas is unique in the way it leverages contextualized data and Generative AI.

“With Cognite, we’ve already increased efficiencies, reduced fuel consumption, and improved production flow and maintenance - and we’ve scaled across our Houston plant and three vessels in Antarctica,” says Matts Johansen, CEO at Aker BioMarine. “Now with Industrial Canvas, we are on the forefront of leveraging Generative AI to further support our people and enable them to use their specialist knowledge to drive our organization forward.”

Cognite uses Generative AI to enhance data onboarding, complete with lineage, quality assurance, and governance, while a unique Generative AI architecture enables deterministic responses from a native AI Copilot. This allows subject matter experts to answer operational questions, compile and develop no-code applications, and analyze complex scenarios without a single line of code.

Industrial Canvas overcomes the challenges of other single pane of glass solutions, which often over-promise capabilities and are too rigid with prescribed workflows, preventing users from working with the data how they choose.

Cognite Data Fusion’s Industrial Canvas is available in beta for select customers participating in the early adopter program on Cognite Hub.

About Cognite

Cognite is a globally recognized leader in industrial software with a clear vision: to rapidly empower industrial companies with accessible, trustworthy, and contextualized data and drive the full-scale digital transformation of asset-heavy industries. With its market-leading Industrial DataOps platform, Cognite Data Fusion®, and a comprehensive suite of Industrial Generative AI capabilities, Cognite AI, Cognite makes it easy for decision-makers to access and understand complex industrial data. Cognite Data Fusion® is a user-friendly, secure, and scalable platform that enables industrial data and domain users to collaborate quickly and safely to develop, deploy, and scale Industrial Generative AI solutions that deliver both profitability and sustainability. Visit us at www.cognite.ai and follow us on LinkedIn and Twitter.

"Now with Industrial Canvas, we are on the forefront of leveraging Generative AI to further support our people and enable them to use their specialist knowledge to drive our organization forward." Matts Johansen, CEO at Aker BioMarine.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  246.59
+2.18 (0.89%)
AAPL  270.64
+2.17 (0.81%)
AMD  245.36
+11.82 (5.06%)
BAC  53.41
+0.20 (0.39%)
GOOG  287.17
+7.47 (2.67%)
META  628.58
+6.87 (1.11%)
MSFT  502.49
+5.67 (1.14%)
NVDA  195.21
+7.06 (3.75%)
ORCL  241.92
+2.66 (1.11%)
TSLA  444.20
+14.68 (3.42%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.