DataProphet Awarded as Technology Pioneer by World Economic Forum

The World Economic Forum has announced its selection of the 56 most promising Technology Pioneers of 2019, who are shaping industries from agriculture and cleantech to modern policing and many more.

DataProphet is the only South African company selected and one of three operating in advanced manufacturing

Companies were selected for their potential to “transform their industries” and “improve society for years to come,” Fulvia Montresor of the World Economic Forum said. 

DataProphet made it to the selection for its contributions to Artificial Intelligence (AI) in manufacturing. Its AI suite is proven to reduce defects and scrap by at least 50 percent and improve plant efficiency. 

The full list of recognized Technology Pioneers can be viewed here

Cape Town, South Africa – 1 July, 2019DataProphet, a global leader in Artificial Intelligence (AI) in manufacturing, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”.  DataProphet was founded in 2014 and has since modernized manufacturing plants through advanced deep learning, resulting in significant, practical impact on the factory floor.  

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. 

This year’s Tech Pioneers are emerging innovators from a diverse set of industries. These firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The focus areas of this year’s Tech Pioneers include: agtech, smart cities, cleantech, supply chain, manufacturing, cybersecurity, autonomous vehicles and drones. The diversity of these companies extends to their leadership as well, as 25% of 2019 Tech Pioneers are female led. The firms also come from many different regions beyond the United States and Silicon Valley. In fact, this year’s class of 56 firms represent every continent except Antarctica. The full list of technology pioneers can be found here

Following its selection as Technology Pioneer, DataProphet’s CEO and Co-founder, Frans Cronje, will be participating in the World Economic Forum Annual Meeting of the New Champions. This meeting, also dubbed “Summer Davos” will be held in Dalian, China, July 1-3. Many Pioneers will also attend the Annual Meeting in Davos, in January 2020, and continue to contribute to Forum initiatives over the next two years.  

“We’re excited to welcome DataProphet to this year’s innovative class of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “DataProphet and its fellow pioneers are leaders in using novel technologies to transform their industries. We see great potential for these next generation companies to shape solutions to global challenges and improve society for years to come.”

“It’s a huge achievement to be acknowledged as a pioneer by the World Economic Forum,” said Frans Cronje, CEO and Co-founder, DataProphet. “It is great to receive affirmation that our AI technology is unique and valuable when it comes to reducing defects and improving processes for manufacturers. We are excited to partner with the Forum to shape the future of manufacturing.”

The Technology Pioneers were selected by a selection committee of more than 59 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia. 

All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers19 

More information on past winners can be found here

About DataProphet

DataProphet is a global leader in Artificial Intelligence (AI) for manufacturing. Our award winning technology embeds unique adaptations and advancements of deep learning, enabling AI to have a significant, practical, impact on the factory floor. DataProphet’s solutions are built to be adapted and integrated into existing environments, making it possible for our digital transformation team to take your operations from zero to AI. We understand manufacturing and that real impact is achieved with pre-emptive actions because real-time is often too late. For more information, visit www.dataprophet.com

About World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. For more information, visit www.weforum.org.