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Asset Management AI Takes Top Prize

Posted May 24, 2018 in Company News, IoT Insight

Australian tech company M innovation has been named winner of the Artificial Intelligence or Machine Learning Innovation of the Year category at the Australian Information Industry Association (AIIA) iAwards, the nation’s leading awards program for innovation in the digital economy.

The innovation, The Asset Genie, has been developed in conjunction with the City of Casey as a response to Rate Capping in Victoria. The system utilises algorithms for optimising the delivery of the asset management and capital works functions  and forecasting the impact of policy and funding changes on the for up to 50 years and beyond.

Millions of dollars in savings and performance improvements have already been found across the municipality.

The Hon. Frank McGuire, MP, Parliamentary Secretary for Small Business and Innovation, said the iAwards have been shining a light on our best and brightest technology developers for a quarter of a century. “Congratulations to all the award recipients tonight, you are making a difference to Victoria’s economy and our lives and we are proud you will be representing us at the National iAwards.”

AIIA CEO Rob Fitzpatrick has commented “Each year the awards shine a light on the exceptional achievements of those at the forefront of Australian innovation, and the projects shaping our modern economy. We’re proud to provide recognition and encouragement to people prepared to bring an idea to life, enabled by technology. Whether they’re in startups, the public sector, community services, academia, or private enterprise, small and large, the work of the finalists is an inspiration to us all.”

M innovation found stiff competition from the of IBM and Deakin University who received merit prizes but the Asset Genie package shone through taking out the top prize at this years awards.

The 2018 iAwards are supported by Major National iAwards Partner Victorian Government, National Program Sponsors Informed Solutions and auDA, Major PitchFest Sponsors CSIRO’s Data 61.

Winners and merit recipients across all categories will go on to represent Victoria and compete at the National iAwards.