edgeTI and Silico Partner to Unite Real-Time Digital Operations and AI-Powered Business Process Simulation

Rhea-AI Summary

Edge Total Intelligence Inc and Silico Ltd have announced a strategic partnership aimed at enhancing digital transformation for industries such as telecom, BFSI, and manufacturing. The collaboration integrates Silico's Business Process Simulation technology with edgeTI's real-time digital operations software to create digital twins of enterprises. This integration allows organizations to simulate business scenarios and make informed decisions based on real-time data. The partnership is expected to improve operational efficiency and speed in decision-making.

Positive

• Strategic partnership between Edge Total Intelligence and Silico enhances digital transformation capabilities.
• Integration of Silico's Business Process Simulation with edgeTI's software allows for real-time data analysis and decision-making.
• Targets multiple industries including telecom, BFSI, and manufacturing, indicating a broad market potential.

Negative

• None.

Combined Software to Accelerate Time to Value and Simplify Digital Transformation Across Business Operations Including Revenue Generation and Workforce Planning

ARLINGTON, VA. and LONDON, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Edge Total Intelligence Inc. ("edgeTI"), a leader in real-time digital operations software, and Silico Ltd (“Silico”), the Business Process Simulation platform, today announce a strategic partnership to accelerate the time to value of digital transformation initiatives to service providers, governments, telecoms and financial services organizations.

The strategic partnership establishes a joint go-to-market proposition and formalises the integration of Silico, an advanced Business Process Simulation (BPS) platform that creates a digital twin of the enterprise, with edgeTI’s real-time digital operations software that digitally transforms enterprises, service providers and governments via Intelligent Workspaces. 

A Media Snippet accompanying this announcement is available by clicking on the image or link below: 

With this partnership, governments and enterprises in the telecoms, BFSI, manufacturing, telecommunications, health, smart cities, and defense industries will have the ability to:

• Rapidly integrate and fuse inputs with 3^rd party data such as SAP, Salesforce, and UiPath to create large-scale digital twins based on real-time metrics from all functions of an organisation; 
• Simulate business resources, processes and activities to generate forward-looking analytics via scenario planning through ‘what if’ scenarios and AI-driven optimisation;
• Make decisions and see their simulated outcomes within a digital twin before executing it in the real world, and then push these changes via control automation — all from a unified workspace;
• Visualise analytics to monitor processes and foresee upcoming problems to enable proactive intervention, continuous planning, and the real-time monitoring of performance against projections;
• Sustain situational awareness as changes such as exchange rate fluctuations and raw material cost volatility unfold.
  

Corporate users will see numerous benefits as a result of creating a digital twin of the enterprise, such as the increased speed, frequency and complexity of scenario planning and the enhanced alignment between commercial decisions and financial objectives. This is made possible through the ability to see real-time data and metrics in a model-based view, with the capability to compare any number of transformation initiatives and discover the optimal order to deliver them. 

John Hill, CEO, Silico, comments: “Business Process Simulation joins up the organisation and gives decision makers a forward-looking view of the impact of their decisions. BPS is the foundational technology enabling the digital twin of the enterprise. EdgeCore’s ability to pull data from across the organisation, combined with Silico’s ability to generate forward-looking simulations and scenario analytics, unlocks the next frontier of transformation of digital operations.”

“We are thrilled to have Silico help us deliver even more Intelligent Workspaces to the eyes and hands of executives, operational leaders, and front-line workers. Every day, organizations are impacted by multiple uncontrollable events that compound locally, regionally, and sometimes globally.” adds Jim Barrett, CEO of EdgeTI. “Connecting Silico and enabling non-technical resources to explore decisions and then automate execution is the next frontier. We believe these new capabilities will deliver new levels of performance and speed response without having to rip and replace existing systems and data.”

edgeTI will demonstrate these new capabilities at TechNet IndoPac, November 1st, 2022, and Silico is set to demonstrate at Opex Process Excellence in Amsterdam, 25th October, 2022. The companies will be presenting a joint webinar in the near future. To keep informed on the details and progress,  keep an eye on Silico or EdgeTi’s LinkedIn page or sign up for email updates on Silico’s website .

About Silico

Silico envisions a world where every decision is simulated, prior to being made in the real world. Silico is the leading provider of process simulation software, working with enterprises from any sector to transform their decision-making in as little as four weeks. The Silico platform is an end-to-end solution that enables businesses to create digital twins of any business or process quickly and easily, and to simulate forwards in time to make better predictions about their future.

https://www.silicoai.com 

For press enquiries please contact silico@missive.co.uk.  

About edgeTI
edgeTI™ helps customers achieve the impossible with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid experiences via the platform’s low-code development capability.  With edgeTI, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving situations in business, technology, and cross-domain operations.

Traded on: TSXV: CTRL, OTC: UNFYF and FSE: Q5i . Learn more at www.edgeti.com.

For further information contact:

edgeTI
Nick Brigman
Phone: 888-771-3343
Email: ir@edgeti.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law, including statements regarding the edgeTI’s beliefs that edgeTI's products will be attractive to prospective customers and investors, the impact of edgeCore™ on customer businesses, improvements in customers’ margins and agility. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, competition and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

FAQ

What is the partnership between Edge Total Intelligence and Silico about?

The partnership focuses on integrating Silico's Business Process Simulation platform with edgeTI's digital operations software to enhance digital transformation across various industries.

How will the integration of Silico and edgeTI benefit enterprises?

The integration enables organizations to create digital twins, simulate business scenarios, and make informed decisions based on real-time data, improving operational efficiency.

Which industries are targeted by the EdgeTI and Silico partnership?

The partnership targets industries such as telecommunications, banking, financial services, manufacturing, health, and smart cities.

What are digital twins, and how are they utilized in this partnership?

Digital twins are virtual models of physical entities. In this partnership, they are used to simulate business processes and enhance decision-making through real-time analytics.

When are EdgeTI and Silico scheduled to demonstrate their capabilities?

edgeTI will showcase these capabilities at TechNet IndoPac on November 1st, 2022, while Silico will present at Opex Process Excellence in Amsterdam on October 25th, 2022.