Bentley Systems Announces Agreement to Acquire AIworx

By Sharada Prahladrao

Category:
Acquisition or Partnership

Bentley Systems, a leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure, recently announced it has entered an agreement to acquire Quebec City-based AIworx, provider of machine learning and internet of things (IoT) technologies and services. The addition of AIworx brings advancements in data collection and analysis to leverage infrastructure engineering digital twins, continuously updated with real-time contextual information, to optimize productivity, operations, and maintenance. 

AIworx has been providing machine learning and IoT technologies and services to help organizations generate, understand, and act on data so they can make better business decisions. The biggest opportunities that the company has worked on have to do with improving infrastructure asset performance on an industrial scale, by way of the data from connected machines, instrumentation, sensors, and communications systems. Now, by incorporating their tools into Bentley’s services for digital twins, they believe that they will enable infrastructure operators to multiply the potential benefits of machine learning and IoT.

According to Bentley Systems, machine learning and IoT technologies have created the opportunity for profound improvements in productivity and efficiency of infrastructure and AIworx have already been delivering on this potential. And now, leveraging the analytics visibility, which Bentley’s digital twin cloud services uniquely provide, these advancements from going digital will accelerate exponentially.

Keywords: Bentley Systems, AIworx, IoT, Machine Learning, ARC Advisory Group

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