IBM Watson & Sandvik Driven OptiMine Analytics Gains Adoption
Zacks Investment Research | Apr 01, 2019 10:29PM ET
International Business Machines Corporation’s (NYSE:IBM) robust platforms to revolutionize mining, developed in collaboration with Sandvik Mining and Rock Technology, are witnessing robust adoption from notable mining companies.
Sandvik Mining and Rock Technology, a business within Sandvik Group, offers equipment tools, technical solutions and services to mining and construction companies. Notably, Sandvik Group has a strong foothold in mining and construction industry on account of strength in its rock excavation and metal cutting equipments.
IBM Watson powered Sandvik’s OptiMine Analytics information management solution leverages IoT (or Internet of Things) and AI (or artificial intelligence) capabilities to synchronize mining processes.
OptiMine Analytics utilizes application and equipment data to provide actionable insights to miners on performance, utility and operating conditions.
IBM anticipates robust adoption of IBM Watson driven OptiMine Analytics to disrupt mining industry, and consequently initiate the fourth industrial revolution, or Industry 4.0.
Notably, shares of IBM have gained 27.5% year to date, outperforming Zacks Investment Research
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