Developers in Chelyabinsk, in collaboration with Sber, will introduce smart technology to metal sales.
In a significant move to modernize the metallurgical sector, E-Metal and Sberbank have agreed to collaborate in making metal trading "smart", according to a recent signing at the Industrial Exhibition "Innoprom" in Yekaterinburg. The partnership, which emphasizes digitalization and AI implementation, aims to digitize and automate trading, improve supply chain transparency, and reduce transaction costs for metallurgical enterprises.
The E-Metal platform, a resident of the IT-park 74 technopark, is known for its role in connecting suppliers and producers across Russia. The company is also a participant in the Skolkovo project, demonstrating its commitment to innovation.
The key joint project will be an AI service based on GigaChat technology, which is expected to minimize overhead costs and accelerate decision-making. This service will be integrated into the E-Metal trading platform, and the partners will utilize fintech solutions to optimize financial processes.
Alexei Teksler, Governor of the Chelyabinsk Region, and Andrei Ruchai, Head of the Chelyabinsk branch of Sberbank, were present at the signing. As a major metallurgical center, Chelyabinsk, home to the Chelyabinsk Metallurgical Plant, may potentially benefit from the partnership through streamlined operations, faster settlements, and better access to digital financial services.
However, it's important to note that the anticipated reduction in metal demand in Russia has not been directly linked to E-Metal or the partnership with Sber. While the partnership could bring about positive changes, the impact on the metallurgical industries in Chelyabinsk and Magnitogorsk, another significant metallurgical center, remains to be seen.
This collaboration between E-Metal and Sber is part of Sber's ongoing interest in digitalization and smart technology in the natural resources sector, as evidenced by their partnership with Alrosa to bring AI innovation to diamond mining. Yet, as of the latest data, there is no detailed announcement or report confirming the specific impacts of this partnership for Chelyabinsk and Magnitogorsk.
Despite the lack of publicly available information about a partnership specifically for metal trading smartification, the agreement between E-Metal and Sber to integrate GigaChat technology into the trading platform remains in effect. The partnership, if successful, could mark a significant step forward in digitalizing the metallurgical sector in Russia.
The partnership between E-Metal and Sberbank, focusing on digitalization and AI implementation, aims to extend beyond the metallurgical sector, potentially integrating artificial-intelligence technology from GigaChat into the E-Metal trading platform. In this process, the partners are likely to employ fintech solutions to optimize financial processes in business, further leveraging technology to enhance efficiency.
