Eight Solutions and BID Group sign partnership to be first in the North American forest industry to deliver a predictive AI platform
Vancouver, BC-based Eight Solutions Inc., a technology company bringing achievable AI to industrial enterprises through its Cumul8 big data and live analytics platform, has formed a partnership with BID Group Technologies Ltd. to deliver a digital platform enabling the transformation of the forest products industry.
The partnership’s operating entity is called Oper8 Partnership, in which Eight Solutions and BID Group each own 50% and will share equally in Oper8’s income. Oper8 is already working to provide quick value to a series of customers having generated committed revenues of over $3 million on all turnkey projects as well as several retrofit installations at existing sawmills.
Oper8 has a world-wide exclusive licence to use the Cumul8 platform in the forest products industry including forestry, lumber manufacturing, biomass plants, panels manufacturing and pulp and paper.
Oper8 combines the Cumul8 big data and live analytics platform driven by predictive AI with the engineering, operational and sales expertise of BID. The company says this tightly integrated hardware, software and services solution can enable digital transformation. The Oper8 business model focuses on new BID solutions (from individual asset units through to complete turn-key mills) as well as helping customers integrate the Cumul8 predictive AI technology into their existing facilities.
Cumul8 is embedded in all machines with each new BID engineered solution. Using the expertise of both BID and Cumul8 personnel, Oper8 provides fast installations for immediate, forestry-focused insights that do not yet exist within the industry. These can include a full spectrum of both pre-loaded and custom business performance-enhancing insights from machine and component health prediction to operational and supply chain optimization.
With Oper8, vast amounts of streaming data generated by equipment and software from BID Group and other manufacturers can be connected and processed in a single, real-time analytics platform. Predictive insights are generated and visualized via data models and dashboards created within the platform, helping customers optimize mill operations and improve overall returns on invested capital.
The BID Group family of companies has over 35 years of experience in providing solutions for its customers. Powered by brands such as Comact, PHL, McGehee, Deltech, Miller, Moco, Vibra-Pro, Tri-Delta, and BID Group Construction, the company provides innovative, efficient and reliable equipment. The ability to provide a complete turnkey package that includes engineering, project management, installation, start-up, AI and after-sales service furthers the BID Group companies’ strategic value to its customers. The companies have offices in 15 locations across continental North America.
Eight Solutions is a technology company bringing value to data through achievable AI. With a team of media and entertainment industry veterans, Eight Solutions brings together the fast-to-excitement and easeof- use philosophies learned from producing the world’s biggest video games and the experience of handling immense volumes of VFX data while working on Hollywood blockbuster movies. The Eight Solutions product portfolio includes Cumul8, an AI-driven live analytics platform providing real-time and predictive insights that help businesses harness and realize operational value from their data. As well, Jetstream, a secure high-speed file transfer application, lets users to focus on their own work product rather than how it is delivered.
Eight Solutions Inc., www.eightsolutions.com