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Press release Box-ID: 1081799

Schaeffler AG Industriestraße 1-3 91074 Herzogenaurach, Germany http://www.schaeffler-group.com
Contact Mr Daniel Pokorny
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Schaeffler AG

Schaeffler invests in artificial intelligence

(PresseBox) (Herzogenaurach, )
 


Schaeffler joins with eleven other partners to establish KI Park e.V. in Berlin
The purpose of KI Park is to foster real-life applications in the field of artificial intelligence
Greater use of artificial intelligence forms an integral part of Schaeffler’s digitalization strategy


Schaeffler has joined with eleven other partners to establish KI Park e.V., an incorporated society, in Berlin, Germany. The purpose of KI Park is to foster real-life applications in the field of artificial intelligence (KI is German for AI) and to develop the associated ethical and regulatory frameworks for Germany and the rest of Europe. The members of the new society include big-name companies and organizations from business, science and government. “Greater use of artificial intelligence forms an integral part of Schaeffler’s digitalization strategy,” commented Schaeffler CEO Klaus Rosenfeld. “Our objective as a founding member of KI Park is to unlock new AI and digitalization opportunities so as to ensure that the Schaeffler Group is well positioned for the future. We are looking forward to working with the other founding members.” 

Digitalization and AI offer major opportunities


Digitalization technologies, especially AI, represent major opportunities for Schaeffler and its customers. That is why the company has a group-wide strategy for all of its digitalization activities, which it is implementing systematically via a comprehensive and closely coordinated program of digitalization initiatives. AI is a core part of this. Schaeffler already uses intelligently integrated production facilities to achieve significant reductions in throughput times. It leverages artificial intelligence and machine learning at the machine level and in the cloud to continually optimize many aspects of its plant operations, including maintenance cycles. To support its employees in their daily work, the company is working on advanced, intelligent assistance functions that enable natural-language interaction between humans and machines. In addition, Schaeffler’s digital value-added service OPTIME integrates condition monitoring and preventive maintenance in a single system, yielding major efficiency gains for customers. And at the Schaeffler Hub for Advanced Research (SHARE) at Friedrich-Alexander University Erlangen-Nuremberg – established in 2016 and itself a founding member of KI Park – Schaeffler experts are partnering with scientists to conduct research into industrial applications of AI. “Being a member of KI Park gives us an opportunity to collaborate in partner ecosystems so that we can take our use of innovative AI technologies to a whole new level across all four pillars of our digital agenda: smart products, digital value chain, interconnected plants and machines, and digital workplace,” said Jürgen Henn, Schaeffler’s Head of Strategic IT and Digitalization.  

Schaeffler AG

As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services for CO₂-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With approximately 83,900 employees, the Schaeffler Group is one of the world's largest family companies. With more than 1,900 patent applications in 2020, Schaeffler is Germany’s second most innovative company according to the DPMA (German Patent and Trademark Office).

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.