Study proves great potential using AI

Sharecat, a company who applies data science to unlock the value of technical information for a wide range of industries, will implement artificial intelligence to increase their technology platform’s scalability, capacity and degree of automation. A recently completed evaluation project has demonstrated a large potential.

While Sharcats platform already provides significant benefits, applying artificial intelligence (AI) sets it up for a huge potential step forward. This potential is the reason the Norwegian Cognitive Centre (NCC) proposed the evaluation study. Through applying artificial intelligence technology – using IBM Watson – AI’s significant potential was proven specifically for the Sharecat platform

During the evaluation, Sharcat also conducted their own internal analysis, which showed that the improved handling of standardized product information is the same across asset-intensive industries — oil and gas, renewables, chemicals, process industries and shipping, among others. The plan now is to further evolve the Sharecat platform to build on this success. AI will be implemented to increase its scalability, capacity and degree of automation

“With strong and scalable solutions integrated as the basis of our cloud-based platform, we’ll be ready to achieve the goals for the company’s growth program that is already underway,” says Sharecat Solutions CEO Dag Pettersen. As Sharecat continues to pioneer effective data digitalization for asset-intensive industries, a partnership with IBM has been established to develop this further.

For more details, please see the announcements by Sharcat and IBM (in Norwegian).