BY Fast Company 2 MINUTE READ

DataProphet, 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 modernised 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, participated in the World Economic Forum Annual Meeting of the New Champions. This meeting, also dubbed “Summer Davos” was held in Dalian, China earlier this month. 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. “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.