|[March 20, 2017]
Big River Steel and Noodle.ai Partner to Create the World's First Learning Steel Mill Powered by Artificial Intelligence
Two newly formed companies taking disruptive aim at established
industries, Arkansas's Big
River Steel and Noodle.ai,
a San Francisco-based Enterprise Artificial Intelligence company,
announced a contract to implement Enterprise AI to optimize operations
at Big River Steel's recently completed $1.3 billion scrap metal
recycling and steel production facility in Osceola, Arkansas.
Big River Steel is the world's first smart steel production facility.
The facility is designed to be both environmentally resourceful and
technologically advanced. "We are a technology company that just happens
to make steel," says Dave Stickler, CEO of Big River Steel. Big Rive
Steel is on a mission to meet the rising demand for high-quality steel
while growing a more robust American steel manufacturing industry
through technological innovation.
Noodle.ai's predictive AI engines, configured on its industrial
operations platform, The BEAST, will help optimize a vast array
of functions throughout the mill. "This mill possesses a rich trove of
sensor data for our platform to leverage, allowing us to help unlock
breakthrough improvements in areas such as maintenance planning,
production line scheduling, logistics operations, and environmental
protection," says Stephen Pratt, CEO of Noodle.ai.
Mr. Stickler added, "Our mill is analogous to a driverless car, the
first day, the car doesn't know how to drive itself but the more it
drives the more it learns," he said. "The AI algorithms will allow the
mill to react to production challenges automatically." In January of
this year, the mill's first full month of production, Big River Steel
established a record-setting month with over 63,000 tons of hot rolled
steel produced during the month.
About Big River Steel
Big River Steel is located on 1,300 acres in Osceola, Arkansas. The site
is bordered on the east by the Mississippi River and on the west by a
main line railroad operated by BNSF. The $1.3 billion facility that is
referenced in the market as a Flex Mill™, combines the best of
integrated mills and mini-mills and was designed to offer steel
consumers access to some of the most advanced steels in the world.
Noodle.ai, the Enterprise Artificial Intelligence company, provides
advanced analytics solutions for the world's most innovative companies.
Founded in 2016, Noodle.ai has world-class experience in advanced
mathematics, supercomputing technology, and management consulting. The
company is headquartered in San Francisco, California.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170320005433/en/
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