AI & COVID-19: Optimize

To maintain operations at the onset of COVID-19, corporations took swift, unprecedented action to counteract the pandemic’s sweeping impacts on market demand, workforce, supply chain, short-term costs and liquidity. For many corporations, this involved redirecting investment from long-term initiatives to short-term remedies. For others, expediting the execution of long-term strategies was critical to survival.

Corporations that chose to accelerate, rather than delay, their digital transformation initiatives are now leveraging Artificial Intelligence to enhance employee safety and security, reduce short-term costs and improve liquidity. In the mid-term, that same investment will allow them to stabilize revenue, further reduce OPEX, prioritize CAPEX, and lay the groundwork for competitive advantage.

How will Artificial Intelligence empower corporations to build resilience and optimize performance amidst supply chain disruption?

Elutions’ highly-automated and autonomous Artificial Intelligence solution, Maestro, integrates value chain systems and infrastructure to dynamically coordinate activity and optimize net performance, improving OPEX, CAPEX, yield and revenue.

The following Artificial Intelligence use cases are paramount to building resilience and optimizing performance in industry:

  • End-to-End Operational Alignment & Planning: By overlaying and interconnecting enterprise systems, assets and processes with AI and automation, corporations gain granular visibility and foresight into enterprise-level performance and risks, and unparalleled agility in aligning operational parameters, activities and decision-making across processes, enabling otherwise unachievable improvements in operating costs, yield and revenue.

  • Dynamic Process, UCP & Yield Optimization: By enabling dynamic, system-driven performance prediction and operating parameter adjustment at each stage of production, automated Predictive Preventative Maintenance work-order creation at the asset-component level, and automated alternate control sequencing in the event of a sensor, asset or process failure, corporations autonomously optimize process efficiency and product quality while avoiding unplanned downtime, minimizing the Unit Cost of Production, maximizing effective capacity, throughput and yield, and stabilizing revenue in line with design capacity.

  • Predictive CAPEX Planning & Budgetary Prioritization: By autonomously modeling asset health, availability and use-life, business-casing the margin impact of replacement vs continued O&M, and prioritizing CAPEX projects in line with their projected impacts on safety & security, uptime and margin, corporations plan and allocate CAPEX with unparalleled precision, efficiency and flexibility, optimizing IRR.

  • Value Chain Visibility, Scenario Modeling & Strategy Execution: By overlaying and interconnecting value chain systems and processes with AI, corporations gain unprecedented visibility and foresight into value chain performance and risks, certainty in strategic planning via scenario modeling, and oversight in execution, altogether allowing corporations to proactively manage rather than reactively respond to value chain opportunities and disruption.

Beyond mid-term resilience and performance optimization, corporations have placed their bets on Artificial Intelligence to thrive in the long-term. Stay tuned for more market intelligence on how AI is helping corporations gain competitive advantage.


Up Next for NCW: Digitization and Chemical Manufacturing


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Virtual CogX: The Festival of AI & Breakthrough Technology

Elutions is proud to announce their Lead Partnership of The CogX Global Leadership Summit and Festival of AI & Breakthrough Technology, June 8th- June 10th. In a world that is constantly in flux to adapt to impacts of COVID-19, CogX made the difficult decision to virtualize their event. We fully align with this decision as they themselves said,

“There are important, and in some cases urgent, topics to discuss: both the immediate challenges presented by COVID-19, and to play our part in helping restart the economy by connecting, collaborating and supporting each other.”

Relevant, now more than ever, is CogX’s 2020 Event Theme- How Do we Get the Next 10 years Right? Outlined below are the ways in which the conference aims to address this massive question:

– Move the conversation forward with concrete actions

– Reframe the climate emergency as the biggest economic opportunity in the last 200 years

–Increase understanding of the current Covid-19 pandemic and champion innovative solutions

The global pandemic has allowed many of us, corporations and individuals, to pause and re-evaluate what the next ten years will look like. It is clear now that the businesses that successfully and swiftly adopt to automated, autonomous applications of AI and rethink their business models will be the ones realizing a competitive advantage.

We will be hosting a virtual expo booth across the three days, June 8th through June 10th, where attendees can reach out to our team to learn more. We will also be hosting virtual lunch and learns, happy hours, and coffee chats. Our Managing Director of EMEA, Jamie Devlin, will also be a featured speaker on Industry 4.0 and sustainable supply chain, Monday, June 8th, 5pm BST (12pm EST).

For a limited time, we are offering our readers, interested in attending our speaking events, the chance to receive a Gold Pass, free of charge. Please click here and provide your full name, title at your company, email address and phone number to receive a Gold Pass.


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AI & COVID-19

Throughout modern history, several infectious diseases have spread with sufficient speed, scale and severity to be considered pandemics. Malaria, Smallpox, H1N1, and HIV/AIDS, which remains active, made the list. COVID-19, however, is in a league of its own. The last pandemic of comparable economic impact, if not on human life, was the Spanish Flu, which directly followed WWI and wrought havoc in a significantly less interconnected world than the one in which we live today.

The Global Impacts of COVID-19 have already been unprecedented. “Stay-at-home,” “social-distancing” and travel and trade restrictions imposed to protect public health have had devastating impacts on the global economy, supply chain and employment. How and when this pandemic will end remains unclear. What is certain is that businesses now face an existential threat, and their leaders must take immediate action to set and execute strategies to weather the storm and ensure they are prepared for future economic, operational or human crisis.

In a time when “non-essential” businesses have been forced to shutter operations or shift to remote collaboration, and “essential” businesses face unparalleled demand alongside novel operational and supply chain challenges, how can manufacturers, O&G companies, airports, utilities, universities and other major businesses survive?

If they adapt quickly, can they thrive?

The answer to this question for industry lies in the adoption of end-end Artificial Intelligence.

Over the next few weeks, we will dive into the major business impacts of COVID-19 and how Elutions Artificial Intelligence platform, Maestro, is addressing them across multiple verticals.  We strongly believe that businesses that successfully and swiftly adopt automated, autonomous applications of AI and rethink their business models will be the ones realizing a competitive advantage once we return to a “new normal”.

Inspired by industrial trends a multitude of sources, reports by McKinsey and many others, Elutions’ AI & COVID-19 Series will specifically address the themes of Survival, Optimization, and Transformation. 


Survival: Artificial Intelligence applied immediately to stabilize business operations.

Optimization: Artificial Intelligence’s intermediary impacts, growing and preparing for a “new normal.”

Transformation: Artificial Intelligence’s long-term impacts in a post-pandemic landscape.


Check back in with us weekly for new content on how to address the business impacts of COVID-19 through the strategic application of end-end Artificial Intelligence.


Up Next for NCW: Digitization and Chemical Manufacturing


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Enterprise Artificial Intelligence – Academic Theory or Ready for Primetime?

Solvetheunsolvable has already explored various aspects of consumer AI and products purporting to leverage AI technologies, but is AI for Enterprise ready for primetime?

Investors aren’t the only ones betting big on Artificial Intelligence, it turns out Higher Education is also investing heavily into the space. With heavy investment in research and development, enterprise level AI seems to be having a rocky start.  Earlier this month Northeastern University allocated $50 million to an Institute for Experiential Artificial Intelligence. This institute will be dedicated to uniting leading experts to solve the world’s unsolvable problems.

“This new institute, the first of its kind, will focus on enabling artificial intelligence and humans to collaborate interactively around solving problems in health, security, and sustainability. We believe that the true promise of AI lies not in its ability to replace humans, but to optimize what humans do best.”


Northeastern President Joseph E. Aoun

This isn’t Northeastern’s first step into the world of Artificial Intelligence and Automation. They already have an Institute for Experiential Robotics that is bringing together engineers, sociologists and other experts, including economists, to design and build robots with abilities to learn and execute human behaviors.  Northeastern isn’t just building Institutes for experts to conduct research, they are making it a priority to prepare their students for success in the age of artificial intelligence. They have an entire curriculum dedicated to what they call, humanics which is a key part of their strategic plan, Northeastern 2025.

Northeastern 2025 Promo Video

“We are building on substantial strengths across all colleges in the university,” said Carla Brodley, dean of the Khoury College of Computer Sciences. “Experiential AI is highly relevant to our mission.”

Though Northeastern is an example of one university betting heavily on AI, they are not alone in their quest to equip students with proper education for the AI-enabled future. In fact, government agencies are getting involved in funding AI in Education. The UK has pledged to invest £400 million in math, digital and technical education through the government’s AI sector deal to protect Britain’s technology sector amid Brexit and an additional £13 million for postgraduate education on AI. In the US, just a few days ago, the National Science Foundation announced a joint federal program to fund research focused on artificial intelligence at colleges, universities and nonprofit or nonacademic organizations focused on educational or research activities. 

The National Science Foundation is awarding $120 million to fund planning grants and support up to six institutes, but there’s a catch. Each institute must have a principal focus on at least one of six themes:

  • Trustworthy AI
  • Foundations of Machine Learning
  • AI-Driven Innovation in Agriculture and the Food System
  • AI-Augmented Learning
  • AI for Accelerating Molecular Synthesis and Manufacturing
  • AI for Discovery in Physics

As universities and governments bet big on the future of AI and education, it underscores the importance of AI on a global scale in the future, but does it call into question the current existence of AI solutions ready to take business to the next level? Utilizing AI and automation will be imperative for corporations to remain competitive and for the advancement of business, but when will the floodgates be swept open, and by who, remains a mystery.

Will you leap into the future and embrace AI now? How do you see the futuristic vision of enterprise AI transform your business? Challenge Solvetheunsolvable with your business conundrum or leave your thoughts in the comments below and let’s explore what AI can do for you. 


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