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An award-winning AI manufacturing local tech startup, DataProphet, has won the 2020 European Prescriptive for Autonomous Manufacturing Technology Innovation Leadership Award by Frost & Sullivan, an international research firm.
This is the fourth international award that the cutting-edge tech startup has won
Frans Cronje, CEO, and co-founder of DataProphet, comments on receiving international recognition.
“It’s a wonderful achievement to be acknowledged by Frost & Sullivan for this award, once again reaffirming that the development & introduction of our AI Suite is a solution that is shaping the future of technology.”
The prestigious award recognises companies that are leaders in the development and successful introduction of high-tech solutions for customers.
In addition, it highlights companies or tech startups that are shaking up the industry or business landscape with their unique product offering and business model. Frost & Sullivan measures the success of its awardees based on the impact that the technological product has on growing the business.
The acclaimed award has placed the startup as a thought leader in the field of AI for manufacturing and is a testament to the quality of technical skills employed and created at DataProphet.
An award-winning tech startup
This is not the first award that the Cape Town-based tech startup has received. In 2019, Dataprophet was named a World Economic Forum Tech pioneer and received the AIconics Award for Innovation in Deep Learning.
In 2020, the company received recognition in CBInsights as one of the 100 Most Innovative Artificial Intelligence Startups 2020.
Sankara Narayanan, Senior Industry Analyst at Frost & Sullivan comments on the product offering created by DataProphet.
“DataProphet’s technology focuses on self-directed feedback, arrives at sophisticated AI-driven analysis, proactively provides optimal prescriptive recommendations to machine operators, and automates the next best action for operators, without depending on experts or data scientists.”
Founded in 2014, DataProphet is a leader in artificial intelligence. Their innovative tech product enables manufacturers to utilise autonomous manufacturing and optimise their service offerings and production process.
The PRESCRIBE product offering created by the startup is a prescriptive Expert Execution system powered by AI. The system assists in rapidly updating a manufacturer’s journey to autonomous manufacturing.
Not only does the system accelerate this process using AI technology, but it also guides manufacturers in addition to assisting them in optimization analysis.
Essentially, PRESCRIBE provides a solution as machine operators are able to process parameter changes, avoid defects in products, scraps, and errors along with increasing the overall yield in their production process.
Dr Michael Grant, CTO of DataProphet, highlights the broad number of industries DataProphet’s PRESCRIBE system has impacted, such as iron foundries, Aluminum die casters, long steel, and Aluminum rolling mills, plastic injection molding, and mineral processing.
“Our clients are achieving uplift that exceeds any classical approaches tried previously, and we’re consistently discovering complex interdependencies that were only previously described anecdotally and were poorly understood. We’ve managed to build an abstracted self-consistent system that is readily applicable to many different manufacturing processes,” explains Grant.
Featured image: Frans Cronje, CEO, and co-founder of DataProphet (Supplied)