Vishal Prasad, Founder & Chief Product Officer
Digital technology has transformed the manufacturing world for good. More companies each day are accepting the fact that closed-loop manufacturing with self-learning AI models improve outcomes with every run. Despite recognizing these benefits, organizations struggle to scale their Smart Factory initiatives.
Mareana is an AI company with a dual focus on supply chain and unstructured data management. The company helps organizations out of their data struggles, with algorithmic contextualization and harmonization of massive structured, semi-structured, and unstructured data from multiple systems. “We are making it easier for companies to undertake the digitization and the automation of their Smart Factories, so that AI models and closed-loop manufacturing can be enabled very quickly,” states Vishal Prasad, Founder and Chief Product Officer of Mareana.
Vishal asserts that AI models will become the single biggest competitive advantage for manufacturers in the future. However, capturing, storing, and using the data effectively continues to be a daunting task for most companies. In addition, they are unable to adjust to the velocity of change in terms of internal-to-external manufacturing, new equipment, and new product introduction. Unlike most companies that take a process-centric view, Mareana focuses on a data-centric approach in enabling Smart Factory. To assist companies in converting data into real insights, Mareana offers an enterprise-scale AI platform, qSuite, which can be used across multiple stages, right from data capture to value realization. The company also provides a suite of products for effective supply chain visibility and risk mitigation. "Our product is plug-and-play, which improves the overall speed of operation and is built on a philosophy that companies do not need to define data models. The physical data, as it's created and used, defines its own model. This creates a flexible environment built to dynamically handle change," claims Prasad.
"We are solving the hardest problem in the implementation of the smart factory. The sensor fabric now embedded in every machine continuously generates a large amount of data that needs to be combined intelligently with other data sources to generate useful insights.
We are making it easier for companies to undertake the digitization and the automation of their Smart Factories, so that AI models and closed-loop manufacturing can be enabled very quickly
The volume, variety, and velocity of data need to be curated at the right level of granularity in real-time to separate signal from noise," states Manish Varma, Chief Executive Officer of Mareana. Varma further states that the “Manufacturing Data Hub” product from Mareana lays the essential foundation for powering most capabilities in a smart factory. Gartner has recognized Mareana as a cool vendor in Artificial Intelligence in Supply Chains.
In today’s dynamic environment, the digital footprint of every batch and component shortens the time for new product introduction in a drastic way. Mareana provides connectors for data ingestion and pre-trained algorithms for genealogy creation to power initiatives such as CPV (Continued Process Verification), which result in yield improvement and waste reduction within weeks. The company offers RTR (Real-Time Release) models that reduce wait-time and elapsed-time in manufacturing, increasing the throughput of the client's production lines and MVA (Multivariate Analysis) models, which allow for analyzing root causes, identifying issues and enabling continuous improvement. Mareana also allows SMEs who have the necessary skillsets and expertise to build and enable their own models in a simple integrated environment using its APIs. For some smaller scale customers, the company offers off the shelf solutions deployable with little customization. “We feel very proud that in these uncertain times of the Covid-19 pandemic, our solution is being used in the pharmaceutical and biotechnology industries to improve the yield and quality of vaccines and drugs on a daily basis,” states Prasad.
In the next release, Mareana will focus on enabling smaller biotech companies who primarily work with contract manufacturing organizations. While Mareana is currently focused on North America, the company is working on expanding its footprint in Europe and Asia. “We now have this core capability of enabling Smart Factories. Through this, we are able to incorporate Smart Factories into the larger supply chain to provide companies with end-to-end visibility of all of their data, right from procurement of raw material to customer fulfilment. Our aim is to take supply chain maturity to a whole new level,” states Vishal.