AILM empowers manufacturers to control, manage, and propagate their core domain know-how, facilitating successful global expansion
TAIPEI, Nov. 15, 2023 /PRNewswire/ -- Profet AI, an enterprise AI application provider for the manufacturing industry, has announced the official launch of AILM (AI Lifecycle Management Platform), the world's first enterprise platform for AI governance. AILM enables manufacturers to control, manage, and propagate their core domain know-how, both internally within the company and externally to facilitate expansion to other countries or locations.
AILM aids enterprises in the early stages of the AI lifecycle by standardizing the process of identifying and selecting the most suitable problems for applying AI to. It also improves the transparency of the implementation process which aids effective cross-organizational collaboration. After completing a project, it facilitates the dissemination of these AI paradigms throughout the organization.
AILM is the world's first platform of its kind and positions Profet AI, as well as Taiwan, to establish the rules and standards for governing AI applications in manufacturing.
Profet AI co-founders celebrate the launch of the new product, AILM. From left to right: Max Chen (Profet AI Chief R&D Officer), Jerry Huang (Profet AI CEO), Forster Lin (Profet AI CTO)
The Need for AI Governance in Manufacturing
Manufacturing leaders universally recognize the pressing need for AI adoption. However, according to the "Manufacturing Leadership Council's 2023 Industrial AI in 2030 survey[1]," only around 29% of companies have integrated their AI initiatives into formal plans or strategies, despite 96% of manufacturers planning to increase investments in AI.
Drawing from our experience of working with more than 160 manufacturing clients, Profet AI has identified four common challenges that enterprises face when adopting AI:
The motivation behind developing AILM was to assist partners in overcoming these challenges, through leveraging AI to achieve 'judgement standardization'.
"We anticipate that AI management will have a transformative impact on the manufacturing sector, similar to what generative AI has already had on global business," said Jerry Huang, Co-founder and CEO of Profet AI. "AI governance will become an essential capability for enterprises to maintain a competitive advantage by extracting valuable insights from vast amounts of data and patterns."
How AILM Ensures Effective Enterprise AI Governance
AILM offers the following functionality to meet the decision-making requirements of the AI lifecycle governance process.:
The next step in the AILM product roadmap for the rest of the year is the integration with Generative AI. This integration will significantly enhance the usage efficiency and experience of AI governance tools.
Forster Lin, Co-founder and Chief Product Officer of Profet AI said: "AILM was built on the foundation of the collective experiences gained from working with hundreds of global manufacturing clients. We will continue to listen to our customers and integrate their needs and expectations into the AILM product development roadmap."
Profet AI announced the completion of a Series A funding round in January 2023, raising a total of $5.6 million. Additionally, the company has expanded into the markets of Vietnam, Japan, Malaysia, Singapore and Thailand. This year, Profet AI also celebrated the launch of Profet AI Suzhou, a joint venture with industrial firm Aedgetech, in China.
[1]https://www.manufacturingleadershipcouncil.com/wp-content/uploads/2023/06/The-Future-Of-AI-In-Manufacturing-MLC-2023.pdf |
About Profet AI
Profet AI is a manufacturing artificial intelligence software company that provides an end-to-end no-code AutoML platform and on-demand AI application knowledge base to enable industry sectors or IT professionals to quickly build high-quality predictive models and rapidly deploy AI applications to solve daily production and digitization challenges. EMS, Semi-OSAT, PCB, IC design houses, display panels, and material solution providers.
For more information, visit www.profetai.com