CONNECT WITH US
AI & Deeptech

AI & Deeptech

Cognite reports $1 billion in verified AI value, confirming impact of industrial AI solutions

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
Cognite reports $1 billion in verified AI value, confirming impact of industrial AI solutions

Business News Tech AI Cognite reports $1 billion in verified AI value, confirming impact of industrial AI solutions

Cognite reports $1 billion in verified AI value, confirming impact of industrial AI solutions

Driving approximately 36% of value verified to date, customers are leveraging AI and automated workflows to prevent costly asset shutdowns across complex industrial operations, help them get back running when the unexpected happens, and lower the costs of running their operations.

One year after launching its $100B Moonshot, Cognite reaches major milestone, challenging traditional enterprise software metrics by focusing on bottom-line customer ROI Cognite, the global leader in Industrial AI , today announced that companies using its Industrial AI and Data Platform have unlocked more than $1 billion in verified, realized value. The milestone comes exactly one year after the company publicly announced its 10-year Moonshot at its customer conference-a strategic commitment to deliver $100 billion in quantifiable value to Cognite customers by 2035. While no other Industrial AI vendor has made such a commitment, Cognite believes aligning its own success metrics with how customers measure real-world impact is an important distinction that builds greater trust and mutual success. "Documenting $1 billion in verified value in just twelve months is a testament to the deep collaboration among our customers, partners, and the internal teams at Cognite that support them," said Girish Rishi, CEO of Cognite. "When we set out to couple our industry-leading Industrial AI and Data Platform with a rigorous, repeatable process for measuring real ROI, we knew the result would be meaningful, immediate, and compounding.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.