October 22, 2021 News
AltaML a 2021 Finalist for the Global Energy Show’s Collaborative Trendsetter Award
Edmonton, October 22, 2021 -- AltaML is honoured to have been recognized by the Global Energy Show (GES), North America’s leading energy event, as a 2021 finalist for the “Collaborative Trendsetter Award” for the AltaML Applied AI Lab. The GES Awards shine a spotlight on excellence in the energy industry, and the Collaborative Trendsetter Award is designed to recognize organizations that understand the value of collaborating externally to improve effectiveness and efficiency. AltaML extends its sincere thanks to Spartan Controls for the nomination and its congratulations to the 2021 winner, Exergy Solutions.
The Applied AI Lab is a transformative, industry-led initiative to accelerate talent development and to drive artificial intelligence (AI) integration in business. The Lab is located in AltaML’s office in downtown Calgary, an energy and cleantech city with a thriving innovation sector, and operates in collaboration with four founding industry partners--Suncor, TransAlta, ATB Financial and Spartan Controls--and with the support of the Opportunity Calgary Investment Fund. The Lab operates on a cohort basis, and within each 3-month cohort, brings together real-world use cases, data, and subject matter experts from the partners, and provides mentorship to highly-qualified associates who gain a playbook for applied AI as they develop and deliver proof of concept solutions to the partners. Outgoing associates are quickly hired into data science positions, mostly locally, adding needed capacity to the ecosystem. The Lab began its second year of operations on October 1st, 2021.
The Lab’s industry partners all have amassed sizable datasets and have internal analytics teams that work on real-time data to inform their business and operational decisions. The Lab augments the partners’ AI capabilities, tackling diverse projects including business processes, operational optimization, energy efficiency, supply chain efficiencies, and sentiment analysis, and creates broad, multi-level impact. For industry partners, hiring for applied AI is de-risked by a continuous talent pipeline, and the continuous experimentation on AI use cases yields additional value on digital transformation programs underway. For associates, valuable and career-changing work integrated learning within mentor-led teams bridges the gap between academic knowledge and industry needs, ensuring that they are job-ready upon completion of their cohort. For the community, the increased local AI capacity creates a network effect and helps equip Calgary-based companies to compete in the global data-driven economy. Increased local AI adoption will ensure continued competitiveness of companies in traditional sectors and will support diversification into emerging tech sectors. The Lab is the first of its kind in North America and will increase Alberta’s prosperity while cementing the province’s AI leadership--not only for research, but also for application in industry. The Lab is open to accepting new industry partners.
“AltaML is honoured to be recognized by the Global Energy Show as a finalist for the Collaborative Trendsetter Award for the Applied AI Lab,” said Nicole Janssen, AltaML Co-CEO. “It has been an absolute pleasure to collaborate with the teams at Suncor, TransAlta, Spartan Controls and ATB Financial, and together we are creating impact far beyond what each could achieve alone. The City of Calgary’s Opportunity Calgary Investment Fund was the catalyst that made the Lab possible, and relationships and commitment have ensured its success.”
AltaML is an award-winning AI software company driven by a purpose to elevate human potential through applied AI. AltaML helps organizations identify productivity or process challenges that can be solved with applied AI, and works as an invested partner, bringing its deep AI expertise together with partner domain expertise to develop and deploy AI solutions and products. AltaML’s customers are primarily enterprise-level organizations undergoing digital transformation and looking for predictive value from their data. In 2020, AltaML was named one of Canada’s Companies-to-Watch in Deloitte’s Technology Fast 50TM awards, was named a 2020 Responsible AI Award winner by the Responsible AI Institute, and was the winner of Start Alberta’s “Most Significant Cross-Community Collaboration of the Year” award for the AltaML Applied AI Lab data science internship program. AltaML has offices in Edmonton, Calgary and Toronto.
Claire Kay, External Relations Lead