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Etteplan introduces rAIse – Industrial AI suite for demanding engineering

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ETTEPLAN OYJ, Press release, October 24, 2024 at 2.00 p.m. (EEST)

Etteplan introduces rAIse – Industrial AI suite for demanding engineering 

Technology service company Etteplan introduces Etteplan rAIse, a specialized suite of industrial artificial intelligence (AI) solutions. Etteplan rAIse delivers industrial-grade AI for professional use in manufacturing, spanning from R&D to asset operations, maintenance, production, and aftermarket services. 

“We are now entering a new stage of industrial evolution,” states Juha Näkki, President and CEO of Etteplan. “The development that began with the introduction of computers in R&D and factories, and continued with connected systems and increasingly automated processes, is now heading towards AI-assisted process and product design along with self-learning digital algorithms. We have developed Etteplan rAIse to help our customers reach the next level of industrial evolution.”  

Etteplan rAIse offers a tailored suite of AI solutions developed by a global team of engineers, designers, and data scientists, along with providing expert-level AI consulting. Through service design, data engineering, software development, and machine learning, Etteplan rAIse addresses a multitude of industrial use cases such as compliance with design standards, content creation, product data management, spare parts data management, and master data extraction. Ensuring accuracy and cybersecurity is key in safeguarding intellectual property and user safety. 

Some of the initial use cases of Etteplan rAIse include:  

  • a generative AI-powered service solution for technical designers, developed in collaboration with SFS, Finland's central standardization organization. The solution accelerates product design by providing relevant standards information effortlessly and accurately.  

  • an AI-assisted solution for Valmet, which automates the identification and extraction of information from old drawings and illustrations, optimizing existing processes. 

  • Kuopion Energia, an energy service company has benefited from Etteplan’s AI solution that enhances information management by extracting data from various drawings, enriching document management systems, and significantly reducing the time spent on information retrieval. 

“We believe that pragmatic industrial AI will empower industrial companies to solve real problems and achieve unprecedented levels of operational excellence,” says Eric Tengstrand, Senior Vice President, Solutions and Technologies at Etteplan. “Those already embracing digitalization in their business will see growing advantages from utilizing AI in the coming years –through increased efficiency, innovation and developing new business models. Meanwhile, less digitally mature companies can leverage AI solutions to increase maturity and accelerate their way to achieving results.”  

To learn more about Etteplan rAIse, visit our website here: https://www.etteplan.com/services/etteplan-raise-pragmatic-industrial-ai-for-smarter-businesses/

For more information, please contact:  
Eric Tengstrand, SVP, Solutions and Technologies, Etteplan, tel. +46 70 757 74 40 
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302 

Etteplan in brief

Etteplan is a growing technology service company with the purpose of bringing people and technologies together to change things for the better. Together with our customers, we are building a world where every system, process, and product can be made smarter, more efficient, and more sustainable. Our customers include world’s leading companies in the manufacturing industry.

In 2023, we had a turnover of EUR 360.0 million and around 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com

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