{"id":474046,"date":"2021-04-09T05:03:31","date_gmt":"2021-04-09T09:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474046"},"modified":"2021-04-09T05:03:31","modified_gmt":"2021-04-09T09:03:31","slug":"carl-data-solutions-cse-crl-brings-machine-learning-to-the-4-2-trillion-utilities-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carl-data-solutions-cse-crl-brings-machine-learning-to-the-4-2-trillion-utilities-market\/","title":{"rendered":"Carl Data Solutions (CSE: CRL) brings machine-learning to the $4.2 trillion utilities market"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n VANCOUVER, BC<\/span>, April 9, 2021<\/span> \/PRNewswire\/ – Carl Data Solutions (CSE: CRL) announced that it has entered into a collaborative agreement with Think Quality Assurance (Think-QA) to accelerate CRL’s entry into the Renewable Energy Sector<\/a>.<\/p>\n

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\n \"Global
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Carl Data works with new cloud-based mass storage services and machine learning (AI) analytical tools to monitor large amounts of industrial and government data.<\/p>\n

The global utilities market was valued at $4.2 trillion<\/span> in 2020, according to a Research&Markets report<\/a>.<\/p>\n

A developer of Big-Data-as-a-Service (BDaaS)-<\/b>based solutions and Industrial Internet-of-Things (IIoT)<\/b> applications \u2013 CRL saves clients time and money by aggregating information from any sensor or source to create a real-time decision support system.<\/p>\n

The Internet of Things<\/b> refers to the exploding network of physical<\/b>objects<\/b> that have an IP address for internet<\/b>connectivity<\/b>, and the communication that occurs between these<\/b>objects<\/b>.<\/p>\n

\n Forecasts by Statista<\/a>\u00a0suggest that the IoT market will grow to around $1.6 trillion<\/span> by 2025.<\/p>\n

“Data generated from sensors attached to machines on factory floors worldwide enables a supply chain manager to remotely pinpoint potential problems,” writes Margaret Harris<\/span> of Oracle<\/a>.<\/p>\n

Think-QA provides Quality Assurance and Quality Control inspection services for some of the largest electrical utility companies in the world.<\/p>\n

They have identified a significant opportunity to utilize machine learning, AI, data collection and monitoring of critical field-level electrical components within solar parks to optimize preventive maintenance<\/b>, thus representing a significant ROI for their clients.<\/p>\n

There is a natural synergy between Think-QA and CRL.<\/p>\n

Think-QA has an existing customer base that generates thousands of distinct data points.<\/p>\n

CRL can analyse complex data, identify risks and generate elegant solutions.<\/p>\n

When no-one (or nothing) is listening to the intimate rumblings of the machines, the results can be deadly.\u00a0 <\/p>\n

On 17 August 2009<\/span>, a Russian hydroelectric power station failed catastrophically<\/a>, creating a flood that killed 75 people.<\/p>\n

The accident was caused by the turbine vibrations which led to metal fatigue<\/a> in the mountings of Turbine\u00a02.<\/p>\n

Carl Data’s Industrial Internet-of-Things application helps prevent this type of disaster.<\/p>\n

CRL will provide their time-series, Industrial IIoT technology, and AI Cloud platform in collaboration with Think-QA experience and technology to substantially reduce maintenance costs for their clients.<\/p>\n

Partnering with Think-QA provides Carl Data direct access to some of the world’s largest renewable energy clients to test and calibrate the technology.<\/p>\n

“Think-QA has provided us with a distinct set of problems, costing clients millions of dollars,” stated Jean Charles Phaneuf<\/span>, CEO of Carl Data. “We have a partnership with people who are not trying to boil the ocean; but rather focus on providing a specific solution to a particular problem.”<\/p>\n

“Carl Data offers proven solutions to complex problems, resulting in major cost-saving opportunities for our clients,” confirmed Tim Dufour<\/span>, CEO of Think-QA. “We believe Carl Data will provide a level of service and support for this vast market opportunity that in our estimation no other AI platform service provider can achieve.”<\/p>\n

On March 23, 2021<\/span> CRL announced that it has partnered with Smart IoT Technologies to provide high-value Environmental Monitoring as a Service<\/a> to their customers.<\/p>\n

Historically, Carl Data retains 97.5% of its clients annually.<\/p>\n

CRL has been steadily building revenue, from $1.2 million<\/span> in 2017, to $1.6 million<\/span> in 2018, to $3.2 million<\/span> in 2019, to $5.5 million<\/span> in 2020.<\/p>\n

“Think-QA is the perfect complement to our market growth strategy in Smart Connected Spaces,” stated Phaneuf, “using preventive and predictive analysis to create value-add solutions.”<\/p>\n

\n Full Disclaimer<\/a>\n <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/carl-data-solutions-cse-crl-brings-machine-learning-to-the-4-2-trillion-utilities-market-301265706.html<\/a><\/p>\n

SOURCE Global Stocks News<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire VANCOUVER, BC, April 9, 2021 \/PRNewswire\/ – Carl Data Solutions (CSE: CRL) announced that it has entered into a collaborative agreement with Think Quality Assurance (Think-QA) to accelerate CRL’s entry into the Renewable Energy Sector. Carl Data works with new cloud-based mass storage services and machine learning (AI) analytical tools to monitor large amounts of industrial and government data. The global utilities market was valued at $4.2 trillion in 2020, according to a Research&Markets report. A developer of Big-Data-as-a-Service (BDaaS)-based solutions and Industrial Internet-of-Things (IIoT) applications \u2013 CRL saves clients time and money by aggregating information from any sensor or source to create a real-time decision support system. The Internet of Things refers to the exploding network of … <\/p>\n

Continue reading “Carl Data Solutions (CSE: CRL) brings machine-learning to the $4.2 trillion utilities market”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474046","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCarl Data Solutions (CSE: CRL) brings machine-learning to the $4.2 trillion utilities market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carl-data-solutions-cse-crl-brings-machine-learning-to-the-4-2-trillion-utilities-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carl Data Solutions (CSE: CRL) brings machine-learning to the $4.2 trillion utilities market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, April 9, 2021 \/PRNewswire\/ – Carl Data Solutions (CSE: CRL) announced that it has entered into a collaborative agreement with Think Quality Assurance (Think-QA) to accelerate CRL’s entry into the Renewable Energy Sector. Carl Data works with new cloud-based mass storage services and machine learning (AI) analytical tools to monitor large amounts of industrial and government data. The global utilities market was valued at $4.2 trillion in 2020, according to a Research&Markets report. A developer of Big-Data-as-a-Service (BDaaS)-based solutions and Industrial Internet-of-Things (IIoT) applications \u2013 CRL saves clients time and money by aggregating information from any sensor or source to create a real-time decision support system. 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