AI platform investment a step towards digital engineering

August 4th, 2019, Published in Articles: PositionIT

Aurecon has invested in artificial intelligence company Elara, which has developed technology to help businesses of all structures and sizes maximise profit. Elara is an artificial intelligence platform that connects to an organisation’s existing digital systems, analysing all data to inform better decisions to enhance profit and cash flow. The investment reinforces the Aurecon’s focus to integrate AI and machine learning into digital engineering as part of the organisation’s broader advisory practice. Elara software connects to an organisation’s existing digital systems, analysing data spanning the finance, human resources, sales, procurement, operations and logistics fields. With this information, an economic digital twin (replica model) of the business is created to understand and identify the drivers of predicted business profit and risk. The model is then used to conduct real-time experiments on the business (implemented rapidly through AI software), testing different scenarios as new organisational data is created to see how changing inputs can improve outcomes for the business. Implementations of the platform use the results of its continual experiments to provide recommendations about decisions before they are taken.

Contact Danielle Bond, Aurecon, danielle.bond@aurecongroup.com

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