edgeTI and Silico partner to unite real-time digital

Combined software to accelerate ROI and simplify digital transformation across all business operations, including revenue generation and workforce planning

ARLINGTON, Virginia. and LONDON, Oct. 18, 2022 (GLOBE NEWSWIRE) — EdgeTotal Intelligence Inc.. (“edgeTI”), a leader in real-time digital operations software, and Silico Ltd. (“Silico”), the business process simulation platform, today announced a strategic partnership to accelerate the time to value of digital transformation initiatives for service providers, governments, telecommunications and service organizations. financial services.

The strategic partnership establishes a common go-to-market proposition and formalizes the integration of Silico, an advanced business process simulation (BPS) platform that creates a digital twin of the enterprise, with digital operations software in time real estate from edgeTI that digitally transforms enterprises, service providers and governments through intelligent workspaces.

A media clip accompanying this announcement is available by clicking on the image or link below:

Through this partnership, governments and companies in the telecommunications, BFSI, manufacturing, telecommunications, healthcare, smart cities and defense sectors will have the ability to:

  • Quickly integrate and merge inputs with 3rd party data such as SAP, Salesforce, and UiPath to create large-scale digital twins based on real-time metrics of all functions in an organization;
  • Simulate enterprise resources, processes, and activities to generate forward-looking analytics through scenario planning through what-if scenarios and AI-based optimization;
  • Make decisions and see their results simulated in a digital twin before executing it in the real world, then push those changes through control automation, all from a unified workspace;
  • Visualize analytics to monitor processes and predict upcoming issues to enable proactive intervention, continuous planning, and real-time monitoring of performance against projections;
  • Maintain situational awareness as changes such as currency exchange rate fluctuations and raw material cost volatility occur.

Business users will see many benefits resulting from the creation of a digital twin of the enterprise, such as increased speed, frequency and complexity of scenario planning and improved alignment between business decisions and financial goals. . This is made possible by the ability to see real-time data and metrics in a model-based view, with the ability to compare any number of transformation initiatives and discover the optimal order for them. deliver.

John Hill, CEO of Silico, comments: “Business process simulation reaches the organization and gives decision-makers a forward-looking view of the impact of their decisions. BPS is the fundamental technology enabling the digital twin of the enterprise. EdgeCore’s ability to extract data from across the organization, combined with Silico’s ability to generate simulations and forward-looking scenario analysis, unlocks the next frontier of digital operations transformation.

“We’re excited to have Silico help us bring even more smart workspaces to the eyes and hands of executives, line managers, and frontline workers.” Every day, organizations are impacted by multiple uncontrollable events that escalate 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 of response without having to tear down and replace existing systems and data.

edgeTI will demonstrate these new capabilities at TechNet IndoPac, November 1, 2022, and Silico is expected to demonstrate at Opex Process Excellence in Amsterdam, October 25, 2022. The companies will present a joint webinar in the near future. To stay informed of details and progress, keep an eye on Silicon Where EdgeTi LinkedIn page or sign up for email updates at Silico’s website .

About Silico

Silico envisions a world where every decision is simulated, before being made in the real world. Silico is the leading provider of process simulation software, working with companies across all industries to transform their decision making in as little as four weeks. The Silico platform is an end-to-end solution that allows businesses to quickly and easily create digital twins of any business or process, and simulate over time to better predict their future.

https://www.silicoai.com

For press inquiries, please contact [email protected].

About edgeTI
edgeTI™ helps customers achieve the impossible with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when vision and action are united to deliver seamless experiences through the platform’s low-code development capability. With edgeTI, customers improve margins and agility by rapidly transforming siled systems and data into scalable situations across business, technology and cross-domain operations.

Traded on: TSXV: CTRL, OTC: UNFYF and FSE: Q5i. Learn more about www.edgeti.com.

For more information, contact:

bordTI
Nick Brigman
Phone: 888-771-3343
E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Certain statements in this press release are forward-looking statements or information for purposes of applicable Canadian and United States securities laws, including statements regarding edgeTI’s belief that edgeTI’s products will be attractive to customers. and potential investors, the impact of edgeCore™ on client companies, improved client margins and agility. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking statements such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe”, and “continue”. or the negative thereof or similar variations. . Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, including, but without limitation, business risks, economic and capital market conditions.

These statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including demand for its products, expected costs and the ability to achieve objectives. Factors that could cause actual results to differ materially from those in the forward-looking statements include the continued availability of capital and financing, the impact of Covid-19 or other viruses and illnesses on the company’s ability to operate. , competition and general economics, market or business conditions. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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