PALO ALTO, Calif. and SILICON VALLEY, Calif., Sept. 11, 2019
PALO ALTO, Calif. and SILICON VALLEY, Calif., Sept. 11, 2019 /CNW/ -- ThroughPut Inc., the Artificial Intelligence (AI) Supply Chain pioneer that enables operations to increase output, quality, throughput, profitability and safety through automated bottleneck elimination, today announced their presentation and participation of their COO and CTO at the Plug and Play Japan IoT and Mobility Summit and EXPO in Tokyo, Japan on September 19, 2019. As a Plug and Play portfolio company, ThroughPut has been one of the most active global members of the Plug and Play ecosystem, being awarded to participate in multiple cohorts and events at Plug and Play Sunnyvale, Berlin, Milan, Frankfurt, Cleveland, Japan, and elsewhere, spanning diverse topics including application of AI, Data and Analytics to Industrial Manufacturing, Operations, Supply Chain, Logistics, Transportation, Mobility, Industry 4.0, Oil and Gas, Food and Agriculture, and more.
"As the leading AI platform for Operations using existing data systems, ThroughPut is honored to be an active contributor to the Plug and Play Japan Mobility Batch 3 cohort," noted Ali Raza, CEO of ThroughPut. "Our executive team is excited to present to over 1,500 Japanese corporate executives, resellers and partnership leaders at the IoT and Mobility Summit next week in Tokyo on September 19th, as well as consequent meetings that week."
Plug and Play runs 15 industry themes across more than 50 accelerator programs a year in cities across the world. Plug and Play's Japanese arm has accelerated four leading-edge industry programs, and awarded participation to 69 pioneering technology start-ups and 31 corporate leaders, including MUFG, Tokyu Land, Sompo, Nissan, Hitachi, Panasonic, Fujitsu, Fujikura, DENSO, NipponLife, Dentsu, ADK, Nittsu, Norinchukin Bank, Orix, Macnica, Sumitomo, J-Power, Suzuki, SMFG, NEC Solution Innovators, Aflac, Asahi HD, Coca Cola Japan, AISIN, Kyocera MKI, Tanabe, Toshiba Tec, JXTG Energy and Shimadzu. This year's Summer / Fall Summit is expected to receive an even greater response from startups and corporations across Japan, Asia and even further overseas.
"We are very excited to continue building upon our strong client and partner relationships in Japan", responded Seth Page, COO of ThroughPut and eight-time entrepreneur, while adding, "Plug and Play has opened up unique opportunities for collaboration with corporate partners, clients and investors around the world, bringing together the brightest minds in the industry on a single business platform. In Japan, we are showcasing our unique capabilities to a host of reputed industrial and global corporate titans, while also acquiring valuable insights from other fellow global thought leaders through participation in the Japense Mobility program and event. We look forward to continuing business discussions with market leaders in Japan next week and especially at the IOT and Mobility Summit in Tokyo on September 19th, as well as the Smart EXPO in Nagoya on September 18th."
Bhaskar Ballapragada, CTO of ThroughPut, commented as well, "The time is ripe for industries to leverage the value of Artificial Intelligence on top of the decades of disaggregated data they've been collecting in-house. ThroughPut's ELI Kaizen-AI product gives unprecedented power to a firm's own operations managers. AI-enabled, data-driven analysis and executable insights to eliminate bottlenecks in real-time now enable the management of seamless operations across their end-to-end supply chains. In our mission to eliminate the $10 Trillion dollars of annual global industrial waste, we are reaching out to as many industries and companies to test for themselves our ELI product and enable them to experience firsthand the power of their own data with AI, and realize the quick ROI that comes with freeing-up working capital from operations by investing in ThroughPut's ELI."
About Plug and Play:
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, they have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, their programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 300 official corporate partners, they have created the ultimate startup ecosystem in many industries. They provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in their community have raised over US $7 Billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal.
About ThroughPut Inc.:
ThroughPut Inc. is the Artificial Intelligence (AI) Operations pioneer that enables companies to leverage their existing data systems to increase output, quality and profitability through bottleneck elimination. ThroughPut's Operations AI Product, ELI, includes the only Bottleneck Management System (BMS) that utilizes existing enterprise databases, such as ERP, MES, IMS, TMS, WMS, PLC, EAM, POS, CRM, SCADA and other data systems, to solve the bottleneck problem across global end-to-end supply chains. Such bottlenecks are the main contributor to the $10 Trillion dollars of annual global production waste that could otherwise be dedicated to more productive and useful purposes. ThroughPut's systems are designed by Fortune 500 geo-market logistics leaders, Silicon Valley analytics and AI experts, and top global operations experts in the areas of Lean Manufacturing, the Theory of Constraints, Supply Chain Automation, Total Quality Management, and over 40 other leading best practices now digitized in the ELI product, with hundreds of years of combined experience in the space. ELI thinks like an operations manager and automatically provides domain expertise, executable insights, quantitative cost-benefit analysis, and recommendations in real-time, which current static Business Intelligence and Analytics tools do not effectively capture nor act upon. ThroughPut's dynamic insights include real-time resource allocation recommendations, granular root cause identification, and operational process stability analysis. ELI enables Process Improvement Experts and Operations Managers to reduce cycle times and operational unpredictability across some of the most advanced process industries, including automotive, manufacturing, oil & gas, transportation, aerospace & aviation, chemical processing, energy, and others.
View original content:https://www.prnewswire.com/news-releases/ai-operations-leader-throughputai-chosen-to-present-at-the-esteemed-plug-and-play-japan-summit-for-iot-and-mobility-in-tokyo-on-september-19th-2019-300916003.html
SOURCE ThroughPut Inc.
View original content: https://www.newswire.ca/en/releases/archive/September2019/11/c1370.html
Copyright CNW Group 2019