Portugal's Prodsmart takes AI, IoT-based manufacturing to US factories

Portugal

5 min read

May 24, 2019

By Gareth Gardiner Jones

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Smart factories can cut wastage by 80% and improve inventory, production and supply chains, tackling US$200 billion worth of losses

As the son of a factory owner, Gonçalo Fortes is on a mission to disrupt the industrial world. The Portuguese pioneer in digital manufacturing, who previously worked as a quality manager at electromechanical components producer Fapradiv, is onto something: SME manufacturers lose US$200 billion every year because of inefficient factory operations.
In 2012, the computer engineer was running an IT consultancy when he was tasked to develop AI-based systems to make traditional factories "smarter." Two years later he, together with fellow programmer Samuel Martins, launched ma...

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Edited by Suzanne Soh

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