Peak performance: Smart solutions that optimize manufacturing
In the effort to find a competitive edge, manufacturers are looking to novel technologies that can improve efficiency, reduce waste and carbon emissions as well as avoid downtime. And an increasing number of companies are investing in these solutions in order to secure cost savings down the road.
The debut MaRS Sessions features ventures that have developed solutions that harness the power of the Internet of Things, AI and digital twins to help manufacturers make the most out of their production lines, cut waste, boost savings and meet sustainability goals.
MaRS Sessions is a new series where industry leaders can learn about technologies and stay ahead of the curve. These free webinars connect entrepreneurs, investors and ecosystem players with the intention of driving exposure and commercial traction.
Meet the featured startups:
Kitchener-based Innovate-Ops has developed an IoT-powered device that connects to new and legacy equipment on the shop floor. It collects data, such as temperature, vibration, sound and power consumption — details manufacturers need to maximize efficiency and reduce emissions. A customizable dashboard also helps users report on ESG.
Litmus’s IoT solution collects and configures data from industrial machines to help operations managers make informed decisions on improving processes. Its platform can also provide a digital twin of machinery, allowing users to monitor equipment vitals and potential breakdowns before they happen. Litmus’s clients include Google, Dell, Intel, Mitsubishi and Hewlett-Packard.
Vention, headquartered in Montreal, has developed an AI- and digital twin-powered solution that allows manufacturers to design, program and simulate custom automated tools and machines — right from a web browser. Modular plug-and-play parts and prefabricated systems are delivered within days. Vention’s products are currently in use in more than 4,000 factories across 25 industries.
Assetflo builds a high-precision digital mesh that connects to assets in real time, offering accurate location tracking (both indoor and outdoor), environmental monitoring, motion detection, and more.