Posted February 2, 2016

        

NEW YORK and BERLIN/BOCHUM, Germany – Setlog®, a provider of cloud-based supply chain and vendor compliance management solutions, announced it is a founding member of the Industrial Data Space (IDS), an initiative aiming for a secure data space that enables companies from different industries and of all sizes to manage and optimize their data assets.

 

As part of the Industry 4.0 and the Internet of Things (IoT) digitalization enables companies to create new business models and improve entire industries.

 

Founded last week in Berlin, the IDS is funded by various German federal ministries and developed by 12 institutes of the Fraunhofer Society, Europe’s largest application-oriented research organization.

 

“The association aims to foster safe, trustworthy solutions for digitalization and thus the rapid transformation of industrial production and business processes, especially in regards to the important topic of compliance,” said Ralf Düster, managing director of Setlog. “We are looking forward to promoting this important topic together with renowned companies like, Allianz, BASF, Robert Bosch, ThyssenKrupp, Volkswagen and PricewaterhouseCoopers and developing concepts for a safe exchange of data along the entire data supply chain.”

 

Setlog will dedicate its expertise in the development of the reference architecture model, the data brokerage as well as in the global compliance platform.

 

Founded in 2001, Setlog is the developer and marketer of Europe’s leading supply chain and vendor compliance management platform for fashion and consumer goods companies. More than 100 customers have successfully deployed Setlog solutions across more than 80 countries and 35,000 users across the end-to-end supply chain.

 

Source: Setlog