Montreal, July 21, 2020 – SCALE AI, a Canadian artificial intelligence (AI) supergrappe based in Montreal, announces funding for five new projects totaling $29 million in investments, including contributions from partner companies.
Among these projects is the development of a port logistics optimization tool at the
Port of Montreal, representing a total investment of $2.7 million.
“The movement of containers in the Port of Montreal network is coordinated through a complex system
of information exchange between many stakeholders,” SCALE AI said in a press release. “A data-based approach provides, at best, good upstream visibility into the rail and marine supply chain to support decision-making. Strategically, this upstream visibility can be improved through AI and predictive analytics tools. Better synchronization of all supply chain elements should bring substantial benefits to the entire gateway ecosystem. »
“This project is another crucial step in our vision of the ‘smart port’. It will benefit all stakeholders involved in the chain, reducing cargo delays and transit time while maximizing throughput to our main logistics hub,” said Daniel Dagenais, vice-president of operations for the Montreal Port Authority.
In addition, a $3.6 million project with Fleet Complete aims to develop an AI-based forecasting platform to improve supply chain efficiency
“While equipment downtime is one of the main causes of supply chain
and logistics inefficiencies, AI is introducing new ways to manage the maintenance of commercial vehicle fleets.
With a robust, powerful and scalable analytics solution using big data, Fleet Complete is able to provide advanced brake and tire forecasts to fleet managers, significantly reducing downtime and, consequently, mobile asset ownership costs. »
“At the end of this project, the global automotive industry will have an AI-based forecasting platform that will support the entire connected vehicle ecosystem. This will save time and money and stimulate economic growth, creating new jobs in Canada and abroad,” said Tony Lourakis, CEO of Fleet Complete.
Funded by the federal government and the Quebec government, it has nearly
120 industry partners, research institutes and other players in artificial intelligence.