Steel Products

SMU Steel Summit to Feature Expert on Artificial Intelligence

Written by Tim Triplett

Artificial Intelligence is no longer just the stuff of science fiction. It has real-world application and is attracting real money from investors., a leading provider of enterprise AI applications, announced that it has raised more than $50 million to expand the company’s suite of applications. AI is one of the many topics to be explored at Steel Market Update’s upcoming Steel Summit Conference.

AI stands to significantly change the efficiency of everyday business, using algorithms and supercomputers to leverage vast amounts of internal and external data and make better predictions.’s work has already brought machine learning intelligence to the steel industry, powering the world’s first LEED-certified learning mill at Big River Steel. Bridging sensor data and learning algorithms, the company’s Production AI module is predicting lead times, saving energy, improving product quality and identifying new areas for revenue at Big River.

“Even after two decades of decision support software and ERP implementations, you see the results of bad business decisions every day: empty store shelves, wasted energy, packages that don’t arrive on time, labor forces over or under worked, even factories closing. It’s high time that changed,” says CEO Steve Pratt. “Learning algorithms are now practical and affordable, so there’s no reason not to use them to make better decisions.”

Pratt will be part of the pre-summit program at SMU’s Steel Summit Conference Aug. 27-29 in Atlanta to show attendees how to “build a brain inside your business.”

“I’m a firm believer that AI and machine learning hold the keys not only to companies performing better, but to helping our society and our planet,” says Pratt. “The mission of is to apply artificial intelligence technologies to do extraordinary good.”

Pratt will present, “Digital Transformation: How to Begin the Process with Implementation Tools for Your Company,” at 3:00 p.m. in the South Lobby of the Georgia International Convention Center, on Monday, Aug. 27.

For more information on the entire conference and to register, visit

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