Etteplan and Valmet collaborate to transform process efficiency with AI service solutions
ETTEPLAN OYJ, Press release, June 26, 2024 at 1.30 p.m. (EEST)
Etteplan and Valmet collaborate to transform process efficiency with AI service solutions
Etteplan and Valmet are leveraging the power of artificial intelligence (AI) to drive efficiency and quality improvements in Valmet's spare part process. The companies have embraced collaboration and continuous development as central pillars of their partnership, while recognizing that even the smallest advancements can lead to substantial impacts.
Equipped with a deep understanding of customers' processes, Etteplan has developed an AI-assisted service solution that identifies and extracts information from old drawings and illustrations, optimizing Valmet's existing processes through automation. The benefits of this innovative solution are manifold, with significant time savings, higher quality outputs, reduced errors, and enhanced process efficiency being among the major advantages. This solution is a part of Etteplan's expanding service solution portfolio that leverages artificial intelligence.
"We are excited to collaborate with Valmet to revolutionize process efficiency through AI service solutions", said Risto Pukki, VP, Technical Communication Service Solutions at Etteplan. "By combining our expertise in AI with Valmet's industry knowledge, we are driving meaningful change and delivering tangible value to our customers. This marks only the beginning of the journey, and we will continue development together to create even more suitable solutions for Valmet's purposes."
"Etteplan has been proactive in the process development bringing forth various possibilities for improvements through AI. Moreover, involving us in the process through engagement and collaboration has supported successful implementation. The partnership exemplifies our shared commitment to innovation and collaboration, paving the way for a future where AI-driven solutions transform industrial processes and unlock new opportunities for growth and success", says Johan Erikson, Senior Manager eCommerce, Valmet.
Etteplan further enhanced its existing service solution by integrating AI-assisted process optimization, enabling the processing of large volumes of data, leading to a steep learning curve. As the AI solution continues to learn and evolve, the benefits multiply, offering a cost-effective means to, for example, spare part catalogue production for legacy products that require maintenance and upkeep. Particularly noteworthy is the solution's ability to provide accurate details even from older and lower-quality source materials, empowering Valmet to expand their offering, and potentially grow their aftermarket business to larger existing fleets.
For more information, please contact:
Risto Pukki, VP, Service Solutions, Etteplan, tel. +358 50 544 0196
Outi Torniainen, SVP, Marketing and Communications, Etteplan, puh. +358 10 307 3302
Johan Erikson, Senior Manager eCommerce, Valmet. +46 8 5224 4479
About Valmet
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2023 were approximately EUR 5.5 billion. Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
Etteplan in brief
Etteplan is a growing technology service company with the purpose of bringing people and technologies together to change things for the better. Together with our customers, we are building a world where every system, process, and product can be made smarter, more efficient, and more sustainable. Our customers include world's leading companies in the manufacturing industry. In 2023, we had a turnover of EUR 360.0 million and around 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com