EQS-News

q.beyond and Fraunhofer IGD agree data intelligence cooperation

EQS-News: q.beyond AG / Key word(s): Alliance q.beyond and Fraunhofer IGD agree data intelligence cooperation 19.03.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. q.beyond and Fraunhofer IGD agree data intelligence cooperation

• q.beyond’s “Data Solutions” subsidiary turns company data into value
• Fraunhofer Institute for Computer Graphics Research IGD visualises data

Cologne/Darmstadt, 19 March 2024 – The Fraunhofer Institute for Computer Graphics Research IGD and IT service provider q.beyond are set to cooperate in the field of data processing and visualisation. This cooperation aims to detect potential optimisations in company processes and present these graphically in such a way as to simplify decisions on process enhancements.

Fraunhofer IGD and q.beyond will enable companies to exploit the wealth of data at their disposal by using scientific and pragmatic approaches. “Whether a company operates in retail, the energy sector or manufacturing, potential optimisations are concealed everywhere. With our joint new approach, this potential can be detected and now visualised and analysed particularly efficiently”, comments Marc Böning, Managing Director at q.beyond Data Solutions. “Our longstanding practical experience shows that company investments in data intelligence always pay off. Whether for purchasing decisions, selling off products or accessing new business models, for our customers the benefits of data intelligence are always immediately tangible.”

Using data to boost market position

q.beyond is currently already working with Fraunhofer IGD on a solution to visualise data for a customer in the energy sector. The scientists are now able, among other options, to detect irregularities in energy consumption with the assistance of specially developed artificial intelligence and to present this information graphically. q.beyond in turn advises the customer with regard to the technologies deployed and provides the corresponding data analysis tools.