AggNexus hails data as “the new oil”
Rapid evolution of the artificial intelligence model – and data capture or analytics methods that are transforming construction material producer field, plant or back-office operations – underpinned the inaugural AggNexus Digital Innovation Conference, attended by almost 100 industry professionals.
The event – held Sept. 9-10 on the University of Texas, Austin campus, and sponsored by SEMCO Publishing, parent company of Rock Products – engaged representatives of technology-savvy multinational or independent cement, aggregate, concrete and asphalt producers plus allied software developers or service providers.
Participants in a second panel, “Challenges and Opportunities in Digitalization for the Industry,” noted:
- First movers in new software offerings tend to enjoy a competitive advantage, although often for a limited window. They can also find themselves contributing to a knowledge base or artificial intelligence model benefitting peers and competitors.
- Users need to target fundamental, clean data captured from all existing and new platforms.
“Data is truly the new oil,” said panelist and Stockpile Reports developer David Boardman. “Capital expenditures for harvesting data will grow by an order of magnitude.”
This is an excerpt from an article originally published on the Aggregates Business website – click here to view the full original article.
To find out more, contact Steve Franklin on +61 474 183 939 or steve.franklin@eltirus.com
