Immensa Invests $6 Million in DIS-RT to Enhance AI-Powered Additive Manufacturing in Energy Supply Chains

10X Technology

Mita Srinivasan
10X Technology
Published:

Immensa Invests $6 Million in DIS-RT to Enhance AI-Powered Additive Manufacturing in Energy Supply Chains

With energy companies spending an estimated $90 billion annually on spare parts procurement, the software presents an end-to-end solution crafted to assess and digitize inventories, enabling companies to tap into the potent capacities of digital supply chains by employing additive manufacturing and other on-demand production methods.

Immensa, an additive manufacturing and digital warehousing company in the MENA region, has announced an investment of over $6 million in DIS-RT (Digital Inventory Solution Real Time), its AI-enabled software, aimed at transforming the energy supply chains of major oil and gas producers in the region.

The software presents an end-to-end solution crafted to assess and digitize inventories, enabling companies to tap into the potent capacities of digital supply chains by employing additive manufacturing and other on-demand production methods. In light of this new investment, Immensa plans to amplify DIS-RT’s capabilities, incorporating machine learning into its fundamental functionalities.

With energy companies spending an estimated $90 billion annually on spare parts procurement, the DIS-RT software not only introduces vital cost-saving advantages but also provides a pathway toward a reduced carbon footprint. A study by Immensa projects that the adoption of additive manufacturing for on-demand spare parts could diminish the UAE's emissions by approximately 3.62 percent, contributing to the UAE’s Net Zero by 2050 strategic initiative.

Having been utilised to assess more than 1 million parts for multinational and large corporations, DIS-RT has identified thousands of parts suitable for local on-demand manufacturing through various techniques such as 3D printing, CNC machining, and casting. This technology aims to expedite the transformation of company supply chains, mitigate procurement costs, and bolster supply chain resilience.

Fahmi Al-Shawwa, CEO of Immensa, elaborated, “Manufacturing spare parts on-demand results in enhanced efficiency, cost-effectiveness, and environmental sustainability. The enhanced software manages the entire digital asset lifecycle – from assessment to ordering and production – without requiring data or files to be sent outside the single platform. This helps ensure data security and quality control, processing large volumes of data, and facilitating real-time decision-making.”

The additive manufacturing industry, especially its metals segment, is witnessing an acceleration, expected to burgeon at 20 percent compounded annually, which surpasses the growth rate of traditional manufacturing, according to PwC. Immensa's substantial investment in DIS-RT signals a meaningful step toward standardizing the application of AI technologies in additive manufacturing, seeking to expedite the adoption of digital supply chains not only across the MENA region but globally.

The infusion of artificial intelligence, machine learning, and additive manufacturing heralds a new epoch of innovative, sustainable, and resilient supply chain management for energy conglomerates, positioning Immensa as a vital player in this digital and manufacturing transformation.