Cognite, supported by Saudi Aramco, has launched an AI center in Bengaluru, India, and is pursuing contracts with major companies. The firm is investing significantly in India, responding to global shifts away from China. Cognite’s software enhances industrial safety and operations, attracting various notable clients. Saudi Aramco holds a stake in the company, underscoring its commitment to innovative technologies.
Cognite, an industrial software firm backed by Saudi Aramco, has established its AI services center in Bengaluru, India. The company is actively seeking potential contracts with leading conglomerates within the region. Although Cognite has secured partnerships with a significant cement company and a well-known automotive firm, additional specifics remain undisclosed.
Cognite is making substantial investments in India, according to Chief Strategy Officer Hakon Bjerke, who indicated that such investments will likely increase in the future. The company’s software enhances the operational efficiency and safety of industrial installations, including oil and gas platforms. Cognite is under the control of Aker ASA, which is led by Norwegian billionaire Kjell Inge Roekke.
Chief Executive Officer Girish Rishi expressed that the decision to enter the Indian market stems from its potential to serve as an alternative manufacturing hub amid global supply chain shifts. Prominent companies like Apple, Tesla, and Jabil have also announced expansions in India in response to Prime Minister Narendra Modi’s encouragement of multinational corporations to establish operational bases in the country.
The advent of artificial intelligence is revolutionizing company operations, particularly among manufacturers, as they increasingly utilize AI technologies for optimizing processes, enhancing product quality, and improving supply chain efficiency. Despite recently relocating its headquarters to the United States, Cognite continues to count several reputable clients, including AkerBP, Cosmo Energy Holdings, and Koch Chemical.
Furthermore, Saudi Aramco, through its subsidiary Aramco Overseas Company B.V., holds a 7.4% share in Cognite, reflecting a continued investment strategy in innovative technologies.
Cognite’s establishment of an AI services center in India signifies a strategic investment in a growing market, emphasizing collaboration with major industrial firms. The company’s focus on enhancing industrial operations through AI reflects the global shift in manufacturing practices. As Cognite continues to secure partnerships and expand its operations, it positions itself advantageously in a competitive landscape where technological innovation is paramount.
Original Source: www.usnews.com
