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AltaML develops AI-powered solutions to help organizations leverage their data to drive operational efficiency, reduce risk, and discover new opportunities through data extraction, analysis, and insights generation using their proprietary agentic AI framework.
Published July 25, 2023
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Updated December 26, 2024
Energy Transition
Industrial Decarbonization
Oil & Gas
Power & Utilities
Sustainability
Asset Management & Digitization
Electrification & Efficiency
Other
Power & Efficiency
Renewables & Energy Storage
Product Overview
Overview
AltaML is an AI development company that helps organizations transform data into action with artificial intelligence (AI) and machine learning (ML) solutions, having deployed over 450 use cases in AI/ML across 100+ clients in energy and natural resources.
With proven expertise and deep ecosystem partnerships in various industries, such as energy, health, and manufacturing, their core product, Logic Stream has consistently achieved over twice the industry average on AI/ML model deployment success since the company's inception, with over 70% of use cases scaling past proof-of-concept and into full-enterprise development. An agile team of over 100 subject matter experts in AI/ML solutions based across 4 locations in Canada, AltaML is an agile consultancy focused on delivering rapid and impactful results, fueling partner success and maximizing return on investment.
Key Features of Logic Stream:
- Data Extraction (from PDFs, handwritten forms, CAD drawings, and unstructured data).
- Conversational Analysis (via a ChatGPT-like interface).
- Anomaly Detection and Optimization through AI models.
- Agentic AI Architecture: Uses a master agent that coordinates multiple specialized agents for task-specific processing and insights.
- Retrieval-Augmented Generation (RAG): Customizes agents for queries, enabling fast and precise data extraction and analysis.
- Noise Reduction: Filters irrelevant data to identify high-risk, high-impact insights.
- Multi-Format Data Handling: Supports diverse formats including PDFs, images, and CAD files.
- Customizable Solutions: Offers tailored AI configurations for industry-specific requirements.
Business Model
Engagement models range from ad-hoc deployments and proof-of-concept developments to Enterprise-scale AI labs.
AltaML offers a flexible range of engagement models, including ad-hoc solution implementation, Board of Directors and Executive Advisory services, Enterprise-scale AI 'labs', and staff augmentation models.
Technology Innovations
AltaML is uniquely positioned as a pure-play AI/ML organization, developing IP, products and consultancy offerings within AI and ML. Delivery models range from facilitating ideation and use case feasibility sessions to seconded staff and 'last-mile delivery' implementation in AI/ML across multiple lines of business. Where applicable across industries and geographies, AltaML also productizes their proprietary AI/ML inventions via a venture studio. Notable energy industry spin-outs include Blue Marvel AI (joint venture with Spartan Controls).
- AltaML employs an agentic AI architecture featuring a master agent that coordinates multiple specialized agents to handle data extraction, analysis, and insights generation.
- Their platform extracts insights from PDFs, handwritten forms, CAD drawings, and other unstructured data sources, enabling versatility across data formats.
- AltaML focuses on filtering irrelevant data to highlight high-risk and high-impact insights, addressing critical decision-making challenges.
- ChatGPT-like interface simplifies data querying and reporting, making insights accessible without technical expertise.
- AltaML is developing a "data analyst agent" that can reason, analyze, and visualize data to provide insights, with agents validating each other's work. The agent-based approach aims to address issues like unclear user intent and hallucination, by having agents clarify questions and validate responses.
Applications
AltaML has deployed over 450 use cases in AI/ML for more than 100 clients globally. Examples of applications in Natural Resources and Energy from multinational mining & energy organizations include the following:
- Equipment History Analytics for a multinational integrated energy company's facilities shutdown/turnaround/outage organization
- Computer Vision Inspections using 3D reality capture scans
- Enhanced ERP search using large language models (LLMs)
- LLMs for interactive investor relations and financial databases
- Hazard and Control Awareness for petrochemical facilities
- Proprietary time series analysis models for drilling service companies (resulting in savings of $5MM across 109 rigs and mitigating 20MM kg CO2e emissions)
- AI Industrial Advisor process co-pilots
- Proprietary agentic workflows and generative AI for energy and utilities clients
AltaML has conducted pilots with Canadian energy companies for drilling-related data processing and partnered with government agencies (e.g., Government of Alberta) for regulatory compliance and search-based workflows. They have also deployed solutions in insurance and energy sectors to validate data extraction and conversational AI capabilities.