edgeTI and Silico Partner to unite real-time digital operations and AI-Powered business process simulation
Edge Total Intelligence Inc. ("edgeTI"), and Silico Ltd (“Silico”), announces a strategic partnership to accelerate the time to value of digital transformation initiatives to service providers, governments, telecoms and financial services organisations.
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.
With this partnership, governments and enterprises in the telecoms, BFSI, manufacturing, health, smart cities, and defence industries will have the ability to:
Rapidly integrate and fuse inputs with 3rd 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.
