Do you know how much time companies usually waste collecting and analyzing data coming from their infrastructure or machinery? And from both a performance and environmental standpoint, how much does waste slow down and impact production processes? The answer is: always a lot. This is what the statistics say Every year industries consume 37% more energy than requiredOho Up to 27 hours are wasted in unplanned machine downtime of productivity per month. A vastness.
For this reason, it is one of the most interesting limitationsartificial intelligence The ability to apply in the world of work is undoubtedly Automate data reading and application of cost-saving processes as much as possible, Solution smart monitoringFor example, which helps companies monitor and manage both energy and operational aspects through predictive maintenance of machinery and buildings.
There is one in Italy start upso-called deep tech, which has created a system to allow Companies need to activate the collection, visualization and automated analysis of data from their machinery and infrastructure in just 20 minutes, Thanks to a platform that integrates IoT sensors and software with artificial intelligence, this reality succeeds in doing 15% improvement in energy efficiency I Reduce unexpected plant downtime by up to 40%,
the company has been called accelerated algorithm And it was founded in Milan in 2018 from an intuition Jacopo Piana, current CEO. With a solid educational background focused on data analysis, artificial intelligence and machine learning, Piana was a member of the board of the Bocconi Alumni Chapter in London and today he is also an Assistant Professor in Quantitative Methods at the University of Geneva.
with the estimate of Turnover growth +324% from 2022 to 2023which comes after the ending of a 1 million euro round With Bocconi University among the main investors in 2021, the Quick Algorithm will take off.
Building on its success, Piana built scopesA Plug-and-Play Solutioncompletely innovative, which Makes it up to 5x faster and easier for all companies to become data-drivenThat is, able to make strategic decisions based on objective data with a reference framework that can help improve energy, water and operational efficiency from a purely 4.0 perspective – i.e. digital, interconnected and intelligent – and also 5.0. , ESG sustainability and people’s well-being in achieving the objectives.
“Our Scopes Platform – That Explains QuiFinanza Jacopo Piana, CEO and Founder of Quick Algorithm – Combines IoT sensors, long-range wireless connectivity and software with artificial intelligence into a single integrated solution for intelligent management of energy and operational efficiency, simplifying access to data, reducing implementation and non-implementation time. Does and costs require wiring. In just 20 minutes, companies can generate timely reports and analysis on consumption and operational anomalies.”
With Piana, Scopes aims to make technological innovation accessible to businesses, institutions and private individuals. A form of “democratization” of technology in some way?
Absolutely yes, because Scopes is a hardware and software solution designed for everyone, revolutionizing the monitoring of energy consumption and performance of machinery, plants, buildings and infrastructure by combining a data analysis platform with IoT sensors and artificial intelligence. Have to bring change.
At the industrial and commercial level, margins for reducing costs and increasing efficiency are very high…
Starting with manufacturing and automotive, for example, Scopes helps monitor and optimize the efficiency of production lines, machinery and all the utilities needed for production buildings. The key word in these areas is flexibility: being able to adapt production to constantly changing needs while respecting quality standards and increasing competitive costs, which requires complete control over the operational efficiency of factories. Thanks to the scopes, through the control and predictions given by AI, any machinery malfunctions, such as increased vibration, which leads to lower productivity and increased consumption, are significantly reduced.
And in other areas?
Our technology is also proving indispensable for the food and pharmaceutical industries, where it is necessary to monitor a variety of equipment such as HVAC, compressors, boilers and refrigeration systems, especially to anticipate failures or anomalies that could increase costs. . Up to hundreds of thousands of euros for each hour of unplanned downtime. Alternatively, in the chemical and rubber/plastics sectors, Scopes helps monitor systems such as fans, pumps and motors around the clock, providing a snapshot of performance through an always-updated and easily accessible dashboard.
In recent years, water scarcity has become an emergency that risks becoming structural. In Italy alone, more than a third of the total water brought into the water network in a year and 42% of the drinking water is wasted, equivalent to the needs of 43 million people, on top of losses in distribution. . An obsolete water network. How can IoT and Artificial Intelligence help in tracking water wastage and consumption?
With a certain pride I can say that today Scopes is the only solution worldwide that integrates data through long range sensors, specific artificial intelligence algorithms and the flexibility of use in all industrial and commercial sectors in a plug and play solution and infrastructure. Combines collections. Unlike traditional monitoring solutions, Scopes has the advantage of having a single reference supplier – our accelerated algorithm – making an infrastructure simpler and more accessible that would typically require months, multiple negotiators and stellar budgets. It has also been adopted by companies operating in various industrial sectors and by some managers of sewerage and water distribution networks, helping to increase water efficiency and reduce water wastage by up to 30% in particularly successful cases. Considering actual water savings and plant downtime due to unexpected outages, it has been estimated that the return on investment is approximately 64 times the expense incurred to digitalize the network.
It is precisely in this context that the smart water monitoring market is developing…
Yes, these are all digital technologies that allow you to monitor the conditions of water infrastructure, prevent any malfunctions and reduce waste and consumption. Today the sector is worth $16 billion globally and is projected to reach $45 billion by 2032 (+11.5% year-on-year). In this sense, the use of intelligent systems to monitor lifting systems and water networks helps to improve the efficiency of water infrastructure and optimize decision-making processes, from tariff agreements to the functioning of administrative structures, to sustainability objectives. Also facilitates the achievement of. ,
Over the past two years you have successfully completed a capital raise of EUR 1 million and launched Scopes. Your plans for 2024?
Over the next year we want to expand our international reach and grow our team of leading talent, but also deepen our commitment to engineering research. It will be necessary to focus our energies on enriching the artificial intelligence functionality of Scopes, to further refine the predictive and analytical capabilities of the software. We are also targeting further development of intelligent sensors with unique functions, which will improve the efficiency and accuracy of data monitoring in both energy and maintenance. All this with the aim of keeping Scopes at the forefront of technological solutions for our customers. The consolidation and expansion of our offering is truly designed to advance and strengthen companies on the path to a more efficient, productive and sustainable future.
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