Houston, TX – [October 16, 2024] – ARC Advisory Group, a leading industry research firm, has introduced a new technology category—Closed Loop AI Optimization (AIO)—in their 2024 Process Optimization and Controls Market Study, naming Imubit™ as the leader. This recognition establishes a new standard for AI in industrial optimization.
Early adopters Marathon Petroleum Corporation and Delek presented at the American Fuel & Petrochemical Manufacturers (AFPM) summit in New Orleans on October 16, showcasing how Imubit’s Closed Loop AIO technology is transforming their operations and optimizing refinery margins by reducing giveaway.
Peter Reynolds, Industry Analyst at ARC Advisory Group, emphasized the shift in AI’s role within the industrial landscape: “While APC and first principles approaches solve part of the optimization challenge they do not solve the greater opportunity alone. Imubit’s approach represents a significant leap forward, driving the creation of this new category.”
Imubit’s Optimizing Brain™ Solution, powered by Reinforcement Learning, is already transforming operations with over 90 industrial applications globally, enabling real-time, data-driven decisions that improve margins and reduce emissions. Refineries have reported margin boosts of up to $0.50 per barrel and 20% reductions in natural gas consumption. The solution unites technical teams around a single model, democratizing AI and empowering the next generation of engineers.
Gil Cohen, CEO and co-founder of Imubit, stated, “Imubit’ Reinforcement Learning technology is solving the most complex challenges in process manufacturing. ARC’s recognition highlights the game-changing impact of our approach, which breaks down operational silos and makes AI accessible to all.”
The Closed Loop AIO category underscores AI’s rise to prominence in optimizing industrial operations, and Imubit is excited to be leading this revolution.
To learn more about Closed Loop AIO see our blog and video presentation from Peter Reynolds of ARC Advisory Group.
About Imubit:
Imubit is a pioneering leader in Closed Loop AI Optimization (AIO), transcending industrial process performance through the integration of its Foundation Process Model™ with advanced reinforcement learning. Our Optimizing Brain™ Solution simplifies complex operations, boosting margins, reducing emissions, and democratizing AI for engineering teams. Trusted by 7 of the top 10 U.S. refiners and proven in over 90 applications, Imubit is accelerating workforce and digital transformation. Discover how Imubit can help you achieve operational excellence at www.imubit.com.