Encorea and Hanwha Systems Join Forces on Manufacturing AX Expansion
IT DAILY ·
✦ AI Summary
Encorea and Hanwha Systems announced on the 19th that they had signed a strategic business agreement to expand AX operations in the manufacturing sector. The two companies agreed to cooperate on designing and building an ontology-based knowledge system for manufacturing AX projects, implementing services based on knowledge graphs, and establishing a data governance framework for AI use. In July, Encorea built a data portal for IBK Industrial Bank to support data-driven decision-making and AI utilization, and completed the internalization of system use.
Encorea and Hanwha Systems announced on the 19th that they had signed a strategic business agreement to expand AX operations in the manufacturing sector.
The agreement was pursued by combining Hanwha Systems' expertise in manufacturing ontology and automation technology with Encorea's experience in ontology development. Based on this, the two companies aim to jointly develop industry-specific AI services and establish a strategic technology collaboration framework.
Accordingly, the two companies will cooperate on designing and building an ontology-based knowledge system for manufacturing AX projects, implementing services based on knowledge graphs, establishing a data governance framework for AI use, building a platform using Encorea's AI Ready Data solution, and jointly identifying and executing AX projects.
The photo shows Hanwha Systems' Kim Jeong-hoon, head of the division, AI Innovation lead Jo Seong-ho, and division head Kim Yun-su, along with Encorea CEO Kim Joo-min, division head Jin Chang-ho, head of department No Hyeon-gyu, and group head Jang Gyeong-sang.
Encorea, which recently transformed into an AI and data company, is presenting its AI Ready Data strategy and related solutions to maximize enterprise AI utilization. Encorea said that essential elements for building practical AI Ready Data include understanding enterprise data and actively leveraging the latest AI technologies. Kim Joo-min, CEO of Encorea, said that the starting point for competitiveness in the AI era is not simply having data, but connecting and structuring it so that AI can accurately understand and use it.
Encorea is built on experience handling complex legacy data across a wide range of domestic domains and has expertise in data governance, ontology, knowledge graph utilization, and AX support solutions. Based on this, Encorea is expanding its related market and partner ecosystem.
Kim Joo-min, CEO of Encorea, said the agreement will allow the company to fully carry out projects to connect and structure on-site industry data by leveraging the data governance, ontology, and AI Ready Data technologies it has accumulated. He added that the company will work with Hanwha Systems to accelerate AI transformation in the manufacturing industry and aims to create innovation cases that lead to tangible business outcomes.
Kim Yun-su, head of Hanwha Systems' business division, said the company possesses IT service and AI capabilities, and is leading the construction of industry-specific AI intelligence systems by leveraging domain knowledge across manufacturing while proactively advancing internal and external AX projects. He added that Hanwha Systems plans to combine its industrial AX capabilities with Encorea's AI and data solution technologies, and will continue to create workplace innovation and new business opportunities that can be applied on site.
In July, Encorea built a data portal for IBK Industrial Bank to support data-driven decision-making and AI utilization, and completed the internalization of system use.
Source: IT DAILY · Kwon Yeong-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=241067
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Source: IT DAILY
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