Komatsu to Buy AI Software Developer

The OEM plans to use AI to expand upon its Dispatch fleet management system.

Related To:

Oct. 8, 2024

Komatsu to Buy AI Software Developer Octodots Analytics

Komatsu will acquire Octodots Analytics, a Chile-based digital solutions provider, to expand its artificial intelligence (AI) capabilities and help customers optimize its mining operations.

The announcement comes as the company debuted its Modular ecosystem at MINExpo 2024 in Las Vegas. Building upon Komatsu’s Dispatch fleet management system, the Modular ecosystem is a set of interconnected platforms and products designed to simplify existing workflows.

“Our ecosystem is designed to empower customers to optimize decision making at the machine, mine site and enterprise levels,” said Jason Fletcher, SVP Mining Technology Solutions Komatsu, in a statement. “Octodots’ expertise and solutions map to what we’ve created and we are excited about the opportunities to incorporate their products and capabilities into our offering.

Since 2017, Octodots Analytics has been developing and commercializing digital solutions for industries including mining, construction, forestry, and transportation. The company’s multidisciplinary team has particular expertise in three key areas: mining engineering, transportation, and data science, according to Komatsu.

The Modular ecosystem will provide mining companies the ability to connect data used across their operations, including data from Komatsu products as well as third-party technologies and equipment from other manufacturers, according to the company.