Zedi Solutions in Calgary began servicing the energy sector as an Industrial Internet of Things company.
Today the company is expanding its services to other industries, such as agribusiness and food services, with huge potential in the renewable sector.
“We’re a technology-enabled service company that presently serves the upstream oil and gas industry. What we do is support remote asset management by providing a technology platform that ties instrumentation at the well to a cloud-based software solution. We pull sensor-source data from the well and we measure physical quantities or physical variables that are important to the operation of the well. We then transmit that data from these remote locations into a cloud-based software solution. We aggregate the data so that our customers can look at it and make business decisions about the operation of their assets,” says James Freeman, Chief Technology Officer and President, New Ventures for Zedi.
“That model is generalizable to other industries. Whenever you’ve got a distributed fleet of assets that are supporting some kind of business activity or process, we can help you by getting that data and aggregating it to one location so you can: view it, make decisions around reduced downtime, improve revenue generation or to help optimize operations.”
The company was founded in 1987 and today has 425 employees - half in Canada and half in the United States.
“We have an attractive environment in Alberta with the renewable energy program here. We see renewables as an attractive space as well, specific to Alberta,” says Freeman.
Zedi has 1.5 million sensors in the field generating 50 million data readings each day.
“We count probably every small and medium-sized producer in the Western Canadian sedimentary basin as our customer. So we’ve got hundreds of upstream oil and gas clients in Western Canada,” says Freeman. “And then we have a similar type of client base, even a little bit bigger, down in the southern United States, primarily in Texas, Louisiana, Oklahoma and in the Rocky Mountain areas.”
Freeman is spearheading the company’s efforts to take its platform to other industries.
“We live in a world today where stuff is increasingly connected to the Internet. Industrial Internet of Things focuses on industrial or commercial processes. Zedi collects data from the commercial sector. Supports assets. Measures the health of assets. Supports industrial processes,” he says.
More information on the company can be found on their website.