none

OPTIMISING FOR THE FOURTH INDUSTRIAL REVOLUTION

26-06-2017
by 
in 

Australia is swiftly heading towards another industrial revolution, with the mining, energy and infrastructure sectors set for major change within the next decade, according to Biarri Energy, Mining, and Infrastructure (EMI) Lead and AMSI Optimise speaker, Dan Sutherland.  

“We will see more change in the next five years than the past thirty. The challenge for the EMI sectors will be to keep up with the changing environment and new workforce requirements,” he says.

This warning comes as optimisation leaders gather in Melbourne to fast-track research-industry collaboration and address practical optimisation challenges at the Australian Mathematical Sciences Institute’s (AMSI) newest flagship training event, AMSI Optimise. In its first year, the event includes a three-day conference and two-day workshop.

Launching the event at a business breakfast, Victoria’s Lead Scientist, Dr Amanda Caples said now was the time for research and industry to harness the power of innovation and prepare for a rapidly changing future.

“AMSI’s Optimise conference is a fantastic opportunity for industry to connect with optimisation experts and together solve key business problems and identify new ways to drive efficiency. The conference will highlight the growing importance of optimisation, lead to new industry research collaborations, and grow our capabilities by providing postgraduate students with opportunities to apply their skills to real-world problems,” she says.

For Biarri, the future is already colliding with the present, the commercial mathematics company delivers optimisation solutions to industry (most recently LNG) to increase safety, productivity and revenue while delivering cost and waste reductions.

“As well as logistics solutions such as scheduling to transport load consolidation, our work with EMI often focuses on challenges such as long-term mine design, planning and utilities (e.g. water) flow optimisation,” says Dan.

University of Wisconsin-Madison Computer Sciences Professor Stephen Wright, who will also speak at the event, says industry has taken the lead on the optimisation revolution.

“Engineers and practitioners have embraced optimisation’s usefulness as a prism through which to view important problems and the effects of various decisions – a vital ‘what if’ capability,” says Professor Wright.

The beauty of using optimisation for decision making, says Dan, is that it can help change the operating dynamic from “the way it’s always been done” to “it’s the most efficient way to operate”.

This is essential as rapid change and advancement forces us to respond to the unknown at a sprint. For Director of AMSI Professor Geoff Prince, this makes for an exciting time for maths and optimisation and the addition of AMSI Optimise to the Institute’s flagship program.

“Optimisation is essential to Australia’s future economic competitiveness and security. This much-needed research-industry collaboration platform will drive new innovation and secure future capability,” says Professor Prince.

As the Institute gears up for an expansion of its internship program, this event will also create new opportunities for postgraduate research students to engage with industry.

Jointly sponsored by AMSI, the Department of Education and Training, Monash University, Maxima and Optym, AMSI Optimise is part of the Institute’s Securing Australia’s Mathematical Workforce project. Other events include, AMSI Summer School, AMSI BioInfoSummer, AMSI Winter School and the Vacation Research Scholarship Program.

amsi.org.au

Related news & editorials

  1. 08.05.2018
    08.05.2018
    by      In
    John Sharp offers guidance on the correct use of cable carriers.
    To prevent unnecessary downtime, any cable management system needs to be properly specified, designed and installed. Taking care of the basics in the beginning can prevent major dramas later on, such as loss of continuity, insulation... Read More
  2. 08.05.2018
    08.05.2018
    by      In
    Less than a decade ago, fluorescent lighting was considered the state of the art for warehouse lighting. Now, LEDs offer improved light quality and significant energy savings.
    Metcash is Australia's leading wholesale distribution and marketing company specialising in grocery, fresh food, liquor and... Read More
  3. 05.03.2018
    05.03.2018
    by      In
    There’s a big year ahead in 2018 for Arbon Equipment, the Australian sales and service arm of Rite-Hite, under the stewardship of General Manager Lee Lorenc.
    The company is set for major product announcements during the year as well as the opening of an all-new showroom and training facility at... Read More
  4. 02.03.2018
    02.03.2018
    by      In
    The last time Industry Update interviewed Robert Merola, the Australian boss of SEW-Eurodrive, the company was on the verge of realising some major plans. Almost two years on, those plans have come to fruition and the company is experiencing unprecedented growth, as he explained to Laurence... Read More