12.12.2016
Klöckner & Co. SE DE000KC01000
DGAP-News: Arago's Artificial Intelligence supports Klöckner & Co's digital strategy
DGAP-News: Klöckner & Co. SE / Key word(s): Alliance
Arago's Artificial Intelligence supports Klöckner & Co's digital strategy
12.12.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- Problem-solving AI platform HIRO(TM) 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"
Duisburg/Frankfurt am Main, December 12, 2016 - 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
Contact person Arago
Benedikt Schepp
Phone: +49 (69) 40568-105
[email protected]
Contact person Arago US
Ryan Sommer
MaintainPR
Phone: +1-646-220-4256
[email protected]
Contact person Klöckner & Co SE:
Christian Pokropp - Press Spokesperson
Head of Investor Relations & Corporate Communications
Phone: +49 (203) 307-2050
[email protected]
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12.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Klöckner & Co. SE
Am Silberpalais 1
47057 Duisburg
Germany
Phone: +49 (0)203 / 307-0
Fax: +49 (0)203 / 307-5000
E-mail: [email protected]
Internet: www.kloeckner.com
ISIN: DE000KC01000
WKN: KC0100
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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528557 12.12.2016
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