In 2011, when Dr. Alexander Hoffmann and M.Sc./MBA Christian Friedrich, jointly founded their current Data Science company, the term was still largely unknown in Germany. The goal of their start-up was clearly defined: The analysis of large amounts of company or production data with the help of statistics and mathematics.
The experts are searching for traces in this huge amount of data. They look for traped information that offers their customers added value. Artificial Intelligence has long since found its way into this process. The statmath offer includes a collection of algorithms for solving industrial problems along the entire supply chain management. In the area of production planning one challenge is to ensure efficient production, despite the increasing number of diversity of variants. This task requires a high level of expertise and many years of experience. “The production of just ten different products involves 3.6 million possibilities for sorting them,” illustrates Dr. Alexander the
challenge. The solution s.optimization starts right here.