AG5 is using machine learning and artificial intelligence to create a software stack specifically tailored for manufacturing. Machine learning is able to learn from data and make predictions, while artificial intelligence helps automate tasks and improve decision-making.
In his search for a way to helpaddress the increasingly widespread and serious shortage of qualified workers, Rick van Echtelt, CEO of AG5 decided tofocus on manufacturing front-line workers – those who are in constant contact withthe physical world. AG5 manufactures products that can be used by the peopleand businesses of all kinds around the globe, so there is a high demand for their productsand services. By creating new and better ways to training andemploy these workers, van Echtelt hopes to help make sure that everyone hasaccess to the skills they need in order to keep up with rapidly changingindustries.
The company has ambitious goals of internationalizing beyond The Netherlands, starting with Germany, and broadening its integration ecosystem so more customers can use their existing tools to integrate with their HR and learning tools. With the help of Headline and Acadian Ventures, the company looks to be on track for success.
Some early investors in the company include venture capital firm DFJ Esprit, Bessemer Venture Partners, and angel investor Steve Case. The funding round marks the latest signal that the startup is gaining traction with merchants and analysts.
The founders of AG5 had experience working on a product geared towards emergency responders when they started their startup. The product allowed emergency responders to track information such as fires, medical emergencies and more.
Founded in 2006, SkillPath is a Dutch company that provides an enterprise-wide skill management solution. This software integrates with a variety of applications and is designed to help organizations streamline their skills management process. By eliminating the need for tedious, error-prone spreadsheet tracking, SkillPath has revolutionized the way employers identify and assess skills needed on the frontline.
Macroeconomics may be on its side, as upskilling is the name of the game. The advancement of technology has led to more opportunities for new occupations, and many people are switching jobs in order to acquire new skills or upgrade their existing ones. This continuous process of professional development can be
Skills shortages are a major issue in the European Union and twenty-eight occupations have been identified as having a growing need for skilled workers. €85 billion has been set aside to develop digital skills in the workplace, but Germany is particularly facing an issue with skilled labor due to its manufacturing sector. It is important that people have access to quality training so they can stay active and productive in the workforce, something that will benefit not only themselves, but society as well.
The company wants to establish itself as a skills management system for its workers, to ensure the teams are trained and deployed efficiently. To do this, it will need to track and manage the training of its employees effectively. To do this, it will use a skills management system such as Workday.
In recent years, there has been a movement of companies implementing “desktopreconfiguration,” which refers to the changing of work stations from those with a traditional desk and computer to those that resemble more like a factory floor. Proponents argue that this change will ultimately lead to happier and healthier workers, regardless of whether they work at a fixed desk with a computer, or on the factory floor with heavy machinery. This claim is based largely on research showing that employees who are able to move around more in their job tend to be less prone to injury and illness than those who are stuck in rigid positions.
With a team of highly skilled engineers and support staff, Volta is well-positioned to continue growing as a premier provider of product innovation and customer service. With impressive early customers such as Douwe Egberts coffee and beverages, KLM Air France, TataSteel and Toyota Boshoku, Volta looks to be on the rise in the world of product delivery services.
