Vivity is expanding globally, landing
customers in the United States,
Southeast Asia, and the
Middle East, as heavy industry
customers span geographies yet work similarly around the
world.
SAN ANTONIO, July 1, 2024 /PRNewswire/ -- Frost &
Sullivan assessed Industrial AI for heavy industry, and based
on its findings, recognizes Vivity AI Inc. with the 2024 Global
Entrepreneurial Company of the Year Award. The company offers
industry-specific AI products with its data expertise in the heavy
industry. It developed an end-to-end AI platform based on 3
pillars: Vivity Edge to identify and track processes, Vivity
Analytics to analyze data and obtain actionable insights, and
Vivity Studio to manage and operate AI. It offers incremental
steps—from Edge to Analytics to Studio, helping customers set up
their own data science or AI team once they are ready to proceed.
Vivity Edge is lightweight and focuses on point use cases initially
so that customers can quickly deploy it in a few months without
having to set up a whole data collection pipeline.
Vivity Edge provides highly reliable failure detection with a
low false alarm rate and cost-effective deployment, whereas Vivity
Analytics comes with state-of-the-art generative AI and LLM. The
built-in data quality analyzer of Vivity Analytics relies on
understanding the heavy industry's metal working processes. Focused
on heavy industry customers, Vivity has found a blue space
opportunity where it leverages AI to help transform this sector.
Vivity's multiple algorithms work in extreme video stabilization
under different conditions, such as sunlight, shade, and extreme
vibration because the environment is often harsh. The company
leverages its connections and expertise to create good reference
cases and develop its AI technology for heavy industry.
Sankara Narayanan, Industry
Director, Frost & Sullivan, observed "General-purpose MLOps or
out-of-the-box AI platforms designed for the manufacturing sector
cannot solve the kind of problems that heavy industries face. Here
is where Vivity excels. The company built its AI platform from the
ground up for particular verticals of heavy industry, making many
of the technologies' core features competitive differentiators,
including extreme video stabilization, multi-modal response, smart
and dynamic ROI computation, operation condition identification,
and hyper-feature detection."
Vivity has a fairly large computer vision team with staff from
leading companies such as Cognex and Samsung, and technologies
horizontally applicable in construction and logistics. Its data
science team focuses on predictive analytics and uses data for
tracking and optimization of product quality and workflow. From
cloud and micro-servers to on-premises deployment, Vivity offers a
wide range of customizable options to meet its customers' various
infrastructure needs. Its drone-based image analysis and sensor
technology enable real-time awareness and advanced ML-driven
scheduling optimization while a highly scalable industry approach
supports the company's coherent vision.
"Vivity's customizable deployment options; seamless AI adoption
journey; task-oriented, domain-specific AI modules and user-driven
use cases such as workplace safety and critical equipment
monitoring, enhance customers' operational efficiency and value
proposition. The company has grown significantly in the last 18
months and continues to expand globally on its way to become the AI
platform of choice for heavy industry customers worldwide," added
Sankara Narayanan. Vivity earns
Frost & Sullivan's 2024 Global Entrepreneurial Company of the
Year Award for its strong overall performance in the industrial AI
for heavy industry space.
Each year, Frost & Sullivan presents a Company of the Year
award to the organization that demonstrates excellence in terms of
growth strategy and implementation in its field. The award
recognizes a high degree of innovation with products and
technologies, and the resulting leadership in terms of customer
value and market penetration.
Frost & Sullivan Best Practices awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
For six decades, Frost
& Sullivan has been world-renowned for its role in helping
investors, corporate leaders, and governments navigate economic
changes and identify disruptive technologies, Mega Trends, new
business models, and companies to action, resulting in a continuous
flow of growth opportunities to drive future success. Contact us:
Start the discussion.
Contact:
Lindsey Whitaker
P: 1.210.477.8457
E:Lindsey.Whitaker@frost.com
About Vivity AI Inc.
Founded in 2022 by experienced industry professionals, Vivity AI
Inc. is at the forefront of AI applications within heavy industry.
Providing solutions to world-leading enterprises in shipbuilding,
energy, heavy manufacturing, construction and beyond, Vivity AI is
advancing a more efficient and sustainable future for all. Contact
us: Revolutionize Heavy Industry.
Contact:
Divya J. Singh
P: 1.925.523.0007
E: Divya.Singh@vivity.ai
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