LOS ANGELES, July 13, 2021 (GLOBE NEWSWIRE) – Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding industries, today announced a new partnership with Mitsui & Co. , Ltd. (Mitsui) to develop access to cognitive AI solutions in the Asia-Pacific region.
The collaboration will establish digital transformation and AI readiness consulting services for Mitsui clients in Japan and other countries in the Asia-Pacific region, in addition to expanding globally. Services will first be deployed with one of the liquefied natural gas (LNG) plants where Mitsui is involved as an investor, using Beyond Limits cognitive AI solution to accumulate operational knowledge, analyze sets data and increase production efficiency.
“Beyond Limits is committed to developing AI solutions that go beyond solving today’s challenges to meet the needs of new industries and regions that recognize the impact of artificial intelligence,” said said Leonard Lee, president of Beyond Limits Asia-Pacific. “We are proud to partner with Mitsui, an established leader in business development and commerce in so many global industries. This collaboration is a testament to our shared commitment to building knowledge and value with AI for many industries that have only just explored its potential. “
The AI market in the Asia-Pacific region, including software and other services, is expected to reach a value of $ 136 billion by 2025, according to a report by research firm Tractica. The high market potential, coupled with the increasing adoption of technology in traditional industries including infrastructure, energy and manufacturing, is expected to create a need for expert resources as more companies seek to capitalize on digital services.
“Mitsui announced the global DX strategy in November 2020,” said Yuji Mano, general manager, general manager of integrated digital strategy division at Mitsui. “We strive to improve productivity, strengthen competitiveness and create new business models by integrating the various sites of Mitsui’s global portfolio with the power of digital. Through this partnership, we will accelerate our short and medium term goals by improving efficiency and executing the high added value of the existing business.
“Mitsui is delighted to partner with Beyond Limits,” said Hiroki Tanabe, Deputy Managing Director, Forth Dept, Division III, Infrastructure Projects Business Unit at Mitsui. “We have been working on this agreement for several years and believe that the integration of Mitsui’s operational technology (OT) knowledge and digital transformation (DX) expertise into Mitsui’s global portfolio and AI technology Beyond Limits will be able to make an impact for businesses across the energy industry and beyond.
For more information on Beyond Limits cognitive AI energy solutions, click here.
About Beyond the Limits
Beyond Limits is an industrial and enterprise-grade artificial intelligence company designed for the most demanding industries including energy, utilities and healthcare.
Beyond traditional artificial intelligence, Beyond Limits’ unique cognitive AI technology combines digital techniques such as machine learning with embedded human knowledge to deliver clear and reliable recommendations. Customers are implementing Beyond Limits AI to improve operational insights, improve operating conditions, improve performance across the board, and ultimately increase profits.
Founded in 2014, Beyond Limits relies on a large portfolio of investments in cutting-edge technologies developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by Frost & Sullivan as Company of the Year for its 2021 Best Practice Award and by CB Insights in its 2020 list of the 100 Most Innovative Artificial Intelligence Startups.
For more information, please visit www.beyond.ai.
About Mitsui & Co., Ltd.
Mitsui & Co., Ltd (8031: JP) is a global trading and investment company with a diversified business portfolio that covers 64 countries in Asia, Europe, North, Central and South America, Middle East, Africa and Oceania.
Mitsui has more than 5,600 employees and deploys talent around the world to identify, develop and grow businesses in conjunction with a global network of trusted partners. Mitsui has built a strong and diversified core business portfolio spanning the mineral and metallic resources, energy, machinery and infrastructure, and chemicals sectors.
For more information on Mitsui & Co’s activities, visit www.mitsui.com.