Dec 17, 2020

Beyond Limits expands its AI technology into Asia Pacific

Beyond Limits
Infosys Compaz
Kaplan
AI
Georgia Wilson
2 min
AI technology
Beyond Limits expands its AI technology into Asia Pacific, signing MoUs with Infosys Compaz and Kaplan...

Following an announcement made by Beyond Limits, the industrial and enterprise grade artificial intelligence (AI) technology company announced its first wave of initiatives and partnerships to expand its presence in the Asia Pacific (APAC) region.

As part of its expansion, the company aims to foster strong AI talent in Singapore and across the APAC region, as well as develop new applications for digital transformation, data infrastructure and advanced analytics.

The signing of an Memorandum of Understanding (MoU) between Beyond Limits and Kaplan Higher Education Institute, will see the two organisations promote a world class pipeline of AI and data science talent for students and working professionals in Singapore, as well as establishing an annual industrial internship at Beyond Limits for the top technology, AI or data science students.

In addition to the MoU, Beyond limits has entered into a strategic partnership with Infosys Compaz - a joint venture between Temasek Holdings and Infosys Ltd. As part of the collaboration Infosys Compaz will offer Beyond Limits’ Cognitive AI solutions - alongside its own digital services - to over 2,000 customers in the APAC region. 

"We are excited to start our journey with a strong pipeline of strategic partnerships across the region. We are on track to achieve our long-term commitment in creating automated solutions with human-like powers of reasoning that amplify the talent and capabilities of people in Singapore and Asia Pacific. The region is witnessing state-sponsored AI initiatives and increasing business investments as a result of global market and economic disruption in 2020. Beyond Limits is extremely honored to be a part of a region-wide collective effort with Kaplan and Infosys Compaz to nurture talent growth in AI for good and provide top-of-the-line technology services,” commented Leonard Lee, Beyond Limits Asia Pacific President.  

For more information on Beyond Limits Cognitive AI technology, click here!

For more information on business topics in Asia Pacific, Australia and New Zealand, please take a look at the latest edition of Business Chief APAC.

Follow Business Chief on LinkedIn and Twitter.

Share article

Jul 18, 2021

Beyond Limits: Cognitive AI in APAC

BeyondLimits
Mitsui
AI
Energy
3 min
Artificial intelligence startup Beyond Limits and global investment company Mitsui have partnered up to bring AI to the energy industry

Courtesy of current estimates, it looks like Asia-Pacific AI will be worth US$136bn by 2025. Its governments and corporations invest more money than the rest of the world in AI tech, the data of its citizens is considered fair game, and its pilots are small-scale and, as a result, ruthlessly effective. This is why, according to Jeff Olson, Cognizant’s Associate Vice President for Projects, AI and Analytics, Digital Business and Technology, the APAC region ‘is right on the edge of an AI explosion’. 

 

Now, startup Beyond Limits is pushing the boundaries of what AI can do, mirroring humans in its ability to find solutions with even limited information. As of this July, it’s partnered up with Mitsui, a global trading and investment company, to expand its impact in APAC. 

How Does Beyond Limits Work? 

Most AI companies claim that they can help businesses make better decisions. But many need astoundingly large stores of data to feed their information-hungry algorithms. Beyond Limits, in contrast, takes a different tack. Perfect data, after all, is largely a pipe dream kept alive by PhD students. In reality, systems must often make decisions from small, incomplete sets of intel. 

 

But Beyond Limits’ AI is no black box. ‘When little to no data is available, Beyond Limits symbolic technologies rely on deductive, inductive, and abductive reasoning capabilities’, explained Clare Walker, Industry Analyst at Frost & Sullivan. While making these leaps in logic, however, the system also keeps track, ensuring that humans can review the AI’s ‘thought process’. 

Why Partner With Mitsui? 

Beyond Limits is built for specific applications such as energy, utilities, and healthcare—but lacks the extensive industry network of Mitsui. Partnering allows Beyond Limits to access a portfolio of firms specialising in minerals and metals, energy, infrastructure, and chemicals. ‘We’ve been working on this deal for several years’, said Mitsui’s Deputy General Manager Hiroki Tanabe. ‘Mitsui’s global portfolio and Beyond Limits’ AI technology will...deliver impact’. 

 

In the first test of that dramatic statement, Liquified Natural Gas (LNG) will soon deploy Beyond Limits’ new system. If everything goes according to plan, LNG will optimise how it extracts and refines energy, making money for both itself and investors—including Mitsui. This, in fact, is Mitsui’s strategy: go digital and don’t look back. 

 

Why Does This Matter? 

Forty-five percent of Asia-Pacific companies surveyed in Cognizant’s thought leadership ebook consider themselves AI leaders. Positivity bias, that oh-so-common tendency of humans to position themselves as above average as compared to others, strikes again. (Most small companies fail to launch successful AI projects on their own.) And partly, this is because firms fail to integrate AI with industry expertise. 

 

 ‘A large part of the focus on talent for AI today has been getting the people who are strong in mathematics, AI, and technologies’, said Olson. ‘But where you make your money out of AI projects is when you apply them to your business’. In short: APAC nations looking for ways to bridge the gap might follow Beyond Limits and Mitsui’s playbook—coupling startup AI with a corporate network.

 

Share article