- Problem-solving AI platform HIRO™ to boost Klöckner Co's business with increased efficiency, flexibility and speed
- Gisbert Rühl, CEO of Klöckner Co: "Implementing HIRO into our IT environment will be one of the levers for the continuing digital transformation of our Company"
- Chris Boos, CEO of Arago: "Implementing our AI HIRO will prepare Klöckner Co to disrupt the steel industry"
Klöckner Co SE, one of the largest producer-independent distributors of steel and metal products worldwide, and arago GmbH ("Arago"), a pioneer in artificial intelligence (AI) and leader in intelligent IT automation based in Frankfurt and New York City, today announced an innovation partnership focused on leveraging AI to further drive Klöckner Co's digital transformation.
By amplifying human IT knowledge through continuous learning and built-in self-optimization, Arago's problem-solving AI platform HIRO will automate Klöckner & Co's IT operations and help them to drive their strategic goals enterprise-wide.
"Our goal is to develop an open industry platform, connecting as many market participants as possible. With the digital tools already in place, we are generating a double digit sales share, which shows the enormous potential of digitalization" said Gisbert Rühl, CEO of Klöckner & Co. "Implementing HIRO into our IT environment will be one of the levers for the further digital transformation of our Company."
"Klöckner Co is the frontrunner in digitalizing the steel industry. Automating IT processes with AI will enable them to revolutionize and advance their business in new ways," said Chris Boos, CEO of Arago. "We are thrilled to support Klöckner Co bringing its strategy of a fully digitalized supply and service chain to life."
To create an entirely digitalized supply and service chain from the suppliers to the customers, Klöckner Co actively develops innovative solutions for selling steel and other metals online. The company plans an open industry platform and targets to handle more than 50 percent of its sales via online transactions by 2019.
Under the partnership with Arago, Klöckner Co will initially implement HIRO in two US-based data centers run by the subsidiary company Kloeckner Metals Corporation (KMC). KMC will serve as a blueprint on deploying Arago's problem-solving AI for Klöckner Co globally.
About Arago
http://www.arago.co
About Klöckner Co SE
http://www.kloeckner.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161211005038/en/
Contacts:
Arago
Benedikt Schepp
Phone: +49 (69) 40568-105
media@arago.co
or
Arago US
Ryan Sommer
MaintainPR
Phone: +1-646-220-4256
ryan@maintainpr.com
or
Klöckner & Co SE:
Christian Pokropp Press Spokesperson
Head of Investor Relations Corporate Communications
Phone: +49 (203) 307-2050
christian.pokropp@kloeckner.com