The World Economic Forum has announced its selection of the 56 most promising Technology Pioneers of 2019 shaping industries. Companies were selected for their potential to “transform their industries” and “improve society for years to come,” said Fulvia Montresor of the World Economic Forum. 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.
DataProphet is the only African company selected and one of three operating in advanced manufacturing.
“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.”
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.