Fero Labs Named 2024 Technology Pioneer by World Economic Forum

Fero Labs has been recognized as a 2024 Technology Pioneer by the World Economic Forum (WEF). The company, known for its Profitable Sustainability Platform for industrial optimization, joins an elite group of global leaders in AI innovation.

Fero Labs' proprietary explainable AI technology enhances manufacturing efficiency, sustainability, and profitability by predicting outcomes and recommending real-time adjustments. This reduces waste and energy use, aiding industries in meeting environmental standards.

The software targets sectors like steel, chemicals, cement, and petroleum, which produce 66% of the world's annual CO2 emissions, driving significant decarbonization efforts.

As a WEF Technology Pioneer, Fero Labs CEO Berk Birand will join the 2024 cohort, participating in initiatives to shape the future of sustainable industries. Birand expressed pride in the recognition, highlighting the company's mission to future-proof industrial operations and promote sustainability through AI.