Stream Systems Optimization Software Saves Millions
This article was originally written and submitted as part of a Canada 150 Project, the Innovation Storybook, to crowdsource stories of Canadian innovation with partners across Canada. The content has since been migrated to Ingenium’s Channel, a digital hub featuring curated content related to science, technology and innovation.
Running a successful business requires constant attention to improving operational efficiencies. However, implementing new procedures can be costly and time consuming.
2016 ASTech Start-up Award winner Stream Systems Ltd. has solved this issue by building a software platform that allows companies to “build their own assets like an ecosystem, play around with it and get more out of what they have,” says Stream Systems Vice President of Operations, Birgit Juergensen.
This platform is like a virtual sandbox that allows businesses to manipulate their operations to see the corresponding results without actually implementing the changes. This virtual simulation eliminates the risk of trying out new operations and is especially useful for oil and gas companies, which is Stream Systems’ primary target market.
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Stream Systems saves companies millions of dollars through their optimization solution software for capital projects and operational scheduling for midstream, upstream, rail, marine and trucking applications.