ThinkIQ Announces Patent for Digital Manufacturing Transformation
ThinkIQ, a pioneer of digital manufacturing transformation SaaS, recently announced the company has secured a new patent, U.S. Patent 11,610,181, which allows it to align data of continuous manufacturing material flow. This will enable plant engineers, plant operators, and data scientists to discover correlations, connections, and root causes during the manufacturing process. ThinkIQ can further deliver comprehensive material traceability to help manufacturers digitally transform their businesses.
ThinkIQ’s platform includes advanced visualizations, cause & effect identification, industry benchmark reporting, and cross-plant KPIs. The platform reveals material movements to identify new insights and unlock improvement opportunities. The proprietary software incorporates Artificial Intelligence and Machine Learning with unique elements that make the analysis and presentation unique. ThinkIQ’s Next Generation Historian maintains supply chain and manufacturing data for traditional data analytics tools, while the company’s Semantic Model creates the required context to relate sensor data to equipment, processes, materials, and goods. ThinkIQ’s Material Ledger is a key innovation in supply chain data analytics. With this patent, ThinkIQ can further deliver granular and contextualized tracking of materials to improve yield, quality, safety, compliance and brand confidence for its customers.
“ThinkIQ’s technology provides a much-needed resource as businesses are looking to digitally transform their factories and product supply chains,” said Doug Lawson, CEO of ThinkIQ. “This patent is a testament of our mission to deliver cutting-edge Industry 4.0 technologies and we continue to drive leading innovations in the smart manufacturing industry.”
ThinkIQ also recently announced its Continuous Intelligence Platform to all existing customers and CESMII Smart Manufacturing Innovation Platform (SMIP) users. The first-of-its-kind open platform makes smart manufacturing capabilities a practical and affordable reality for all manufacturers to drive supply chain resiliency, sustainability compliance, and manufacturing competitiveness.
For more information: www.thinkiq.com
