Insights from EFT Analytics Providing Huge Returns in the Steel Industry

EFT Analytics, a leading provider of predictive analytics, process
optimization and energy management solutions, is producing impressive
results at the world’s most technologically advanced steel mill, Big
River Steel, in Arkansas. By combining EFT’s advanced analytics software
platform and engineering expertise with Big River Steel’s process and
steel making knowledge, EFT has delivered a real-time solution to
predict product quality issues and provide operators with guidance for
reducing defects before they occur.

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(Source: Business Wire)

“EFT’s analytics platform enables our operating and maintenance teams to
leverage the power of data science, resulting in significantly improved
performance,” said Dave Stickler, CEO of Big River Steel. “We view data
analytics and machine learning as game-changing solutions that allow us
to identify and avoid the root causes of defects.”

The pairing of process knowledge with powerful data analytics tools is
paying dividends for Big River Steel. The return on investment (ROI) has
been recognized in a matter of months.

“Our real-time model alerts operators at Big River of changing
conditions that increase the likelihood of defects and gives them the
ability to adjust process inputs and make corrections,” said Brent
Youngers, president of EFT Analytics. “We’re extremely excited that our
collaboration has helped minimize defects, equating to improved product
quality and significant cost savings.”

Big River Steel has built the world’s first Flex Mill™, a
technology-based steel mill and recycling facility focused on the
production of a wide product spectrum, including advanced automotive
steels and electrical steels. Since operations began in 2017, Big River
has provided steel products to more than 200 customers in the
automotive, energy, construction and agricultural industries.

For more information and to discuss implementation of an advanced
analytics platform, please contact hello@eftanalytics.com.

About EFT Analytics

EFT Analytics provides SaaS based advanced analytics solutions for large
industrial companies. EFT is a subsidiary of Koch Industries, one of the
largest private companies in the US. Koch has delivered results using
its unique management philosophy across dozens of industries and
hundreds of sites for decades. EFT strives daily to bring those
time-tested fundamentals to how we operate and what we deliver. By
combining our advanced analytics software with Koch’s operational
excellence, we are providing a world-first, highly unique concept that’s
proven to deliver results. EFT is located in Ireland, New York, and
Kansas – providing predictive analytics, process optimization and energy
management solutions for more than 100 blue chip clients all around the
globe. More information is available at www.eftanalytics.com.

About Big River Steel

Since operations began in 2017, Big River has provided steel products to
over 200 customers in the automotive, energy, construction and
agricultural industries. Big River Steel takes a visionary,
entrepreneurial approach to the ever-changing American manufacturing
industry by reimagining what it means to be a steel company in the
global marketplace. From its Flex Mill™ equipment, to AI technology, to
partnerships with academic research institutes, Big River is daring to
be more than what you’d expect from a steel company. Big River knows
innovation is alive and well in steel, and they’re excited to be leading
that charge. More information is available at www.bigriversteel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005659/en/

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