SymphonyAI Group announced that Dominic Gallello has joined as CEO of Symphony IndustrialAI and its portfolio company, Symphony AzimaAI. Gallello will lead the portfolio company into the next phase of growth in the industrial IoT and AI market segments.
Research and analysis firm IDC estimates the industrial IoT and AI market sectors will exceed $1 trillion annually by 2022. McKinsey & Company estimates that AI will create between $1.2 and $2 trillion in supply chain management and manufacturing economic value annually, with $500 to $700 billion in manufacturing predictive maintenance value alone.
Symphony is a Massachusetts-based SaaS platform that provides solutions such as process optimization and operational management for sectors including energy, and oil and gas.