#cimcon digital

[cimcondigital]

How Digitalization is Revolutionizing the Steel Industry and What Benefits It Brings

The global steel market reached a value of US$ 874.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,052.25 Billion by 2027, exhibiting a growth rate (CAGR) of 3.02% during 2022-2027. Significant growth in the automotive industry across the globe is creating a positive outlook for the market. But with growth comes a lot of challenges in the steel manufacturing process. Companies in the industry face major challenges with rapid digitalization and unlocking potential in data, shifts in consumer demands, and the attraction of top talents.

Unlocking the potential in digitalization and data

The development of smart factories for automated production to streamline production and support functions will be a giant step for players competing in the field for efficient practices. Investment in digital technologies will be a vital step in promoting effective virtual work to enhance actions across operations ranging from maintenance to customer support functions. The utilization of data in the metals industry will be a disruptor in the valuation of the products and services provided by the industry. Digitally-integrated products and services will become the new norm. Skills in IT and digital technologies will become a vital requirement across industries in order to manage highly valuable IT infrastructures and digital functions.

Shifts in Consumer Demands

By the year 2040, consumer demands for product and service standards will be altered drastically by trends affecting everyday lives. The global population will grow by 25% by the year 2040, causing concerns in demand expectations for industries heavily involved in infrastructural developments such as construction and transportation.  More than 68% of people will be living in urban areas by the year 2050, therefore the metals industry must meet demands from rapid urbanization. Metals will be vital players in the development of sustainable and smart infrastructures globally as investments in infrastructure are projected to increase along with the growing population and growing middle class. 

Talent Drought

With developing technologies and evolving working cultures, talent acquisition for top talents is a constant challenge in the eyes of employers. This is a current issue in the metals industry that will carry on into the future – especially with talent with modern technologies for functions such as plant management and maintenance. Industries like metals must make strong efforts in building reputable brands for employment that meet the desires of the potential talent for future generational challenges.

With all these challenges in place, steel and metal industries must look into the future in order to maintain the assets, have proper data management in place, and with a talent shortage, more automation should be there for increasing operational efficiency. Some of the ways by which steel industries can improve their manufacturing plants are listed below

Predictive Maintenance using artificial intelligence

Due to the mass automation of the smart metals plant, physical access to the plant is mainly required in order to maintain equipment and machinery. Utilizing artificial intelligence, maintenance can be scheduled according to the production schedules onsite, reducing lag time and delays. Immediate repairs that may cause halts to production can be communicated and coordinated between onsite engineers and digital control managers. Onsite or offsite, maintenance can be assisted digitally from start to finish. For example, with the use of Vibration sensors and Edge devices, employees can receive real-time assistance and guidance about the machine’s health and the actions needed to be taken. These tools provide step-by-step instructions and guidelines required in order to carry out maintenance operations – they will guide employees through what maintenance work needs to be done and in what order in order to ensure efficiency and prevent mistakes. As the maintenance is managed digitally, data will be collected on maintenance processes and improved automatically. 

Digitalization and Data Integration

With rapid digitalization in the metals industry, the organization must be able to manage a vast amount of data collected throughout the entire production process and the ecosystem surrounding the plant. Integrating collaborative data management into the metals production cycle is imperative in managing production cycles, shipments, resource management, and maintenance of equipment and machinery in order to develop a streamlined production process. For eg with the help of Vibration sensors, the steel manufacturers read the data in real-time and analyze the anomaly using various AI/ML methods. Based on the data and insights from the expert’s team, the team can take necessary actions based on the data provided to alert the users and take proactive actions to reduce unplanned downtimes.

Digitally Driven employees

A majority of plant operations will be controlled virtually and remotely in the coming years. With the development of AI/ML technologies, Edge computing, and predictive maintenance, processes can be controlled and supervised in real-time. Due to the exponential improvements in automation and the vast amounts of data collected, human interaction with these processes is mainly limited to maintenance, process development, and attention to special, unpredicted situations. A majority of the work in day-to-day processes will be the development of digital technologies and IT infrastructures controlling the automated processes in the plant. With talent shortages in the future, companies like CIMCON Digital can act as the partner who can help the employees by providing the data in real-time, and automating the processes, so that the employees need to act only when it is required instead of manual intervention.

Benefits of the steel industry with Digitalization

There are several machines used in Steel and Metal industries like De scaler pumps, Cooling towers, Downstream and upstream rolling mills, Piercing mills, and many others. All these machines can have unwanted issues and if not managed properly can cause huge delays in the introduction and unplanned downtimes, leading to huge losses. With the advent of technology and hardware like Vibration sensors, Edge Computing merged with AI/ML technologies, steel manufacturers can not only reduce losses but improve the health of the assets, thereby improving operational efficiency. 

Some of the major benefits of implementing the latest technology are

Real-time monitoring of critical equipment’s health 

Prioritizing and planning maintenance before catastrophic failure

Reduce the risk to safety operators with remote monitoring

Reduce planned downtime and eliminate unplanned downtime

Reduce process and quality-related issues

Increase equipment efficiency and reduce carbon emissions

Conclusion

Steel and metal industries are going through major transformations and it is essential for steel and metal manufacturers to look for technologies that can aid them in reducing manual work, making good use of data, and improving the health of their assets. With the latest technological developments, steel and metal manufacturers can not only predict failures in advance but also look at data and take proactive actions in order to reduce unplanned downtime and improve the operational efficiency of the plants.

[danieljacobes]

Most Promising Technology Company

CIMCON Digital, a division of CIMCON Software (I) PVT LTD with a relentless focus on facilitating a digital world through preventive and predictive maintenance products and solutions, announced today that it has been named the most promising technology company founded and managed by an Indian in the United States in 2022. The award is significant for the organization because it demonstrates how the CIMCON Digital team is reshaping industry 4.0 by using the latest technological advancements to manufacture, improve, and distribute products.

“The award signifies how the employees of CIMCON Digital are putting in efforts to envision a world where all industrial assets are connected and can be monitored and controlled in real-time for maximum productivity and improved bottom line,” said Anil Agrawal, CEO, and Founder of CIMCON Digital and CIMCON Software (I) Pvt Ltd. “Each and every employee had an equal contribution in making this vision a reality and we are all thrilled to be awarded one of the most promising technology companies.”

Silicon India publishes exclusive and authentic content through stories of burgeoning entrepreneurs, outstanding technologists, and accomplished CXOs, along with business analysis, leading technology trends, and opinions. Through these awards, Silicon India wants to create a single operational workflow that interconnects business silos across their enterprise harmoniously and enables multiple teams to come together as a whole to work for progress.

“With the most promising technology company award, we want to assist our readers in understanding the right technology partner and for the same, we do through research of the organizations and search endlessly to find the top Indian-origin US Tech companies that are well-versed to deliver a collective operational workflow management system.” said one of the top representatives at Silicon India.

Industry 4.0 is reshaping how companies manufacture, improve and distribute products. The next big thing is edge computing, which allows manufacturers to ingest, process, and analyze data in real-time on the machine itself. Unfortunately, many plant owners still operate without real-time visibility into their operations, adversely impacting the bottom line. CIMCON Digital challenges this status quo with its modern, powerful, and easy-to-use industrial platform, CIM 360, and a preventive maintenance solution using VIBit.

CIMCON Digital also focuses on the enterprise-wide deployment of the CIM 360 with its iCloud. It ensures the quick provisioning, authorization, and authentication of edge devices from a web-based, centralized management platform. “We are thrilled to be awarded from Silicon India and we will continue to strive forward in reshaping the industry 4.0 going above and beyond,” said Anil Agrawal. About CIMCON Digital CIMCON Digital was spun out as a division of CIMCON Software (I) Pvt. Ltd. with a relentless focus to help facilitate a digital world through our products and solutions. We at CIMCON Digital make it all happen behind the scenes. We believe that technology is just a means and not an end. We have worked hard for 33 years to make technology as seamless as possible so that you, the user, do not have to see the technology, you only see the outcomes being delivered, be it better customer satisfaction, improved margins, doing more with less.   About SiliconIndia Silicon India entails the editorial coverage of successful entrepreneurs, proficient CEOs, industry leaders, well-versed technologists, and many others.

It brings in the nuances of both US and Indian technologies across the content delivered and stands as one of the largest ecosystems encompassing the perspectives and business ideas of eminent professionals in the world. Silicon India has been seamlessly impacting the lives of emerging entrepreneurs, businesses, students, and a lot of others since its inception in 1997. Today, Silicon India is eminent for the circulation of around 96,000 hard copies across PAN India with 4 lakh readers and 47,000 downloads of e-Magazines.

Read more

Contact Detail

CIMCON Digital,

Ahmedabad

Anil Agrawal

contact@cimcondigital.com

https://cimcondigital.com/

[cimcondigitalpr]

VIBit - State of the Art Intelligent Vibration-Based Predictive & Prescriptive Maintenance Solution

CIMCON Digital’s VIBit is an intelligent, powerful, and compact sensor that monitors the conditions of machines or equipment and predicts their failures in advance using the latest AI/ML Technologies to avoid unplanned downtime saving time and money for the owners.

Machine Anomaly Detection and Diagnostics Solution:

Our Cloud-based Health Management platform is a powerful tool for reducing maintenance spending and increasing Mean Time Between Repairs (MTBR) by proactively identifying detrimental system conditions prior to catastrophic machine failure by using an Artificial Intelligence/Machine Learning (AI/ML) model to provide FFT graph analysis, asset health monitoring, real-time data, and historial data. It provides a dashboard that helps you understand the overall equipment efficiency of assets in the form of waveforms. This further reduces unplanned downtime, increases equipment availability, and significantly reduces inventory costs.

Benefits:

Decrease Downtime

Eliminates Human Error

Reduced Service Costs

Improved safety

[digitrenndsamr]

Research Report to Understand Demographical Landscape of Real-time Flood Monitoring & Warning System Market

Transparency Market Research delivers key insights on the global real-time flood monitoring & warning system market. In terms of revenue, the global real-time flood monitoring & warning system market is estimated to expand at a CAGR of 6.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global real-time flood monitoring & warning system market.

A real-time flood monitoring & warning system is artificial intelligence (AI)-based advanced flood detection system placed in remote areas for the early detection of rising water levels to provide real-time information about natural disasters to various end-users. It represents how advanced technologies help organizations to more easily, efficiently, and conveniently ingest information and security concerns. Real-time flood monitoring & warning systems are becoming popular due to the adoption of digital technologies by various end-use industries, which has increased the interest of many researchers.

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Real-time Flood Monitoring & Warning System Market: Dynamics

The growing adoption of various technologies such as cloud computing and AI, along with advanced technology in different industries to send notification alerts to end-users is likely to drive the adoption rate of real-time flood monitoring & warning systems during the forecast period. However, the market faces challenges due to technological errors during the information transfer, which further creates disruptions in real-time flood monitoring & warning systems. Poor hydrological management of networks due to a shortage of equipment negatively impacts the growth of the real-time flood monitoring & warning system market. However, the increasing adoption of wireless networks for mobile devices is anticipated to boost the real-time flood monitoring & warning system market during the forecast period.

The rising penetration of advanced safety and security solutions in the military & defense sector to provide reliable information about flood incidents and warning alerts on military software systems is estimated to propel the real-time flood monitoring & warning system market during the forecast period.

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Real-time Flood Monitoring & Warning System Market: Prominent Regions

The real-time flood monitoring & warning system market in North America is expected to account for the largest share during the forecast period, due to innovations in production technologies to improve the efficiency of warning systems and also due to the presence of major market players in the region. Hence, North America is fueling the growth of the real-time flood monitoring & warning system market.

The market in the Asia Pacific is likely to expand at the highest CAGR during the forecast period due to increasing investments by governments in the installation of real-time flood monitoring & warning systems in different countries such as India, China, and Japan to reduce the loss and risks due to floods and other natural disasters. Hence, the demand for real-time flood monitoring & warning systems is expected to grow in the region during the forecast period. The Europe market is projected to rise at a notable CAGR during the forecast period, owing to the rising adoption of advanced technology among various end-users in the region, which leads to growth of the real-time flood monitoring & warning system market.

Real-time Flood Monitoring & Warning System Market: Key Players

Key players operating in the global real-time flood monitoring & warning system market are Biz4intellia Inc., Campbell Scientific, CIMCON Lighting, Inc., HWM-Water Ltd, Lynker Technologies, LLC, Pessl Instruments GmbH, Sutron Corporation, Taiwan Water & Soil Instrumentation, Inc., Valarm, Inc., Xylem Inc., Ellab Monitoring Solutions Ltd., SAS Institute Inc., OTT Hydromet, Intellisense Systems, Inc., and Green and Stream Technologies, Inc.

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Global Real-time Flood Monitoring & Warning System Market: Segmentation

Real-time Flood Monitoring & Warning System Market, by ComponentHardwareSensors & Dataloggers

Others

Software

ServicesTraining Services

Professional Services

Real-time Flood Monitoring & Warning System Market, by Access TypeWeb Browser (Internet)

Mobile Devices (WAP)iOS

Android

Real-time Flood Monitoring & Warning System Market, by End-userGovernment

Media

Agriculture & Inland Fisheries

Transport & Logistics

Energy

Construction

Tourism and Outdoor Entertainment

TMR Latest News Publication:

Head Mounted Display Market - Advancements in wearable technologies are at an all-time high. The increasing demand from consumers for modern and technologically-advanced wearables will bring tremendous growth opportunities during the assessment period of 2019-2027. Features such as high resolution and 3D viewing invite substantial growth opportunities for the head-mounted display market.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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[marketinformation]

Smart Parking Market May See a Big Move: Growth Size with CAGR of 12.05%, Major Giants Future Share and Forecast 2027

Smart Parking Market is valued at USD 4.80 Billion in 2017 and expected to reach USD 14.97 Billion by 2027 with a CAGR of 12.05% over the forecast period.

Smart Parking Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027.

Increasing     Vehicle Population is a key driving factor for the growth of Smart Parking

Increasing     adoption of integrated automated solutions coupled with the advancements     in wireless technologies and proliferation of digital payment technologies     are some of the major factors expected to drive the growth of the Global     Smart Parking Market.

Scope of Smart Parking Market Report:             

Smart Parking is an effective parking system enables human to achieve faster and easier way to park their vehicles in any denser area. Smart Parking System assists in solving one of the biggest problems associated with rising population and driving in urban cities. It aims to reduce the utilization of resources like fuel, space and time. These systems are the combination of various components like Internet, Parking Sensors, Counting Sensors, Camera and others.

Know More Insights …. @ https://brandessenceresearch.com/automotive-and-transport/smart-parking-market-size

The real-time monitoring of Vehicles, Traffic, Parking Locations, Availability and Prices helps to collect the data from these spots, process it and transmit it to the various users over the internet through websites or mobile applications. Smart Parking Systems also holds various advantages like enhancing the driving experience, safety, less traffic & pollution, proper space utilization and controlled population.

Key Players for Global Smart Parking Market Report-

Some major key players for Global Smart Parking Market are INRIX, Mojio, UnaBiz, Libelium, CIMCON, EasyMile, PayRange, Park Jockey, Vivacity Labs, Telensa Ltd, Fensens, Pod Point, Parquery, Cleverciti, JustPark, and others.

During this COVID-19 pandemic, spreading awareness among people for social distancing and contactless working has impacted every industry differently. In order to decline or slowdown the spread of virus, many drivers are now opting for touchless technologies around the parking system.

Therefore, COVID has a positive impact on Smart Parking System as it has created an opportunity for the adoption of advanced technologies in parking system

Global Smart Parking Market Segmentation:

Global Smart Parking Market report is segmented on the basis of technology, type, application, end user and region & country level. Based upon technology, global Smart Parking market is classified into IoT, RFID, and Ultrasonic. Based upon the type, it is classified as On-street and Off-street. Based upon the application, global Smart Parking market is classified into Smart Payment System, Security & Surveillance, License Plate Recognition, and E parking. On the basis of end user, the market is fragmented into government and commercial.

By Technology:

IoT

Ultrasound

RFID

By Type:

Off-Street

On-Street

By Application:

Security     & Surveillance

Smart     Payment System

E     parking

License     Plate Recognition

By End User:

Commercial

Government

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Table of Content: Global Smart Parking Market Research Report

Chapter 1: Global Smart Parking Overview

Chapter 2: Global Economic Impact on Smart Parking Markets

Chapter 3: Global Market Size Competition by Industry Producers

Chapter 4: Global Productions, Revenue (Value), according to Regions

Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically

Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type

Chapter 7: Global Market Analysis, on the basis of Application

Chapter 8: Smart Parking Market Industry Value Chain

Chapter 9: Smart Parking Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Economic Indicators, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Smart Parking Market Forecast Period

Chapter 14: Future of the Market

Chapter 15: Appendix

About Brandessence Market Research Inc.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact Us:

Alan Ruffalo

Corporate Sales: +44-2038074155

Email: sales@brandessenceresearch.com

Web: https://brandessenceresearch.com/

[sandlerresearch]

Smart City Platforms Market by Offering (Platforms (Connectivity Management Platform, Integration Platform, Device Management Platform, Security Platform, and Data Management Platform) and Services), Delivery Model, and Region - Global Forecast to 2025 published on

https://www.sandlerresearch.org/smart-city-platforms-market-by-offering-platforms-connectivity-management-platform-integration-platform-device-management-platform-security-platform-and-data-management-platform-and-services.html

Smart City Platforms Market by Offering (Platforms (Connectivity Management Platform, Integration Platform, Device Management Platform, Security Platform, and Data Management Platform) and Services), Delivery Model, and Region - Global Forecast to 2025

Increase in demand for platform providers is one of the major factors expected to drive the growth of the smart city platforms market

The global smart city platforms market size is expected to grow from USD 138.7 billion in 2020 to USD 236.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period.A huge opportunity for platform provider vendors is available due to the implementation of integrated Internet of Things (IoT) solutions in a smart city. These IoT solutions have various segments, such as hardware, software, and cloud security services. Presently, platform providers have to install, manage, and maintain technological solutions provided for smart cities in an integrated platform on a regular basis. Platform providers act as intermediaries for implementing a particular technology in the smart city environment. Large system integrators are required in the smart city platforms market for carrying out various processes, such as process automation, security and surveillance systems, Environmental Management Systems (EMSs), and naval systems, including various industrial control systems’ projects. Moreover, the value addition in this market is driven by services, which provides an open opportunity for all types of platform providers, such as major IT vendors, infrastructure vendors, IT consultants and integrators, and various independent local integrators. With the increase in the rate of adoption of IoT, the role of platform providers in the smart city value chain increases, thereby opening up lucrative opportunities for them.

Among services, the professional services segment is expected to account for the highestmarket share during the forecast period

The professional services segment is expected to account for the highest market share during the forecast period. Increasing use of digital infrastructure by organizations to procure vital protective supplies for workers in smart city projects, as well as counsel them for rendering services safely, is creating the need for professional smart city services that includes deployment and training, consulting and architecture designing, and infrastructure monitoring and management services.

Among delivery models, the hybrid segment is expected to dominate the market during the forecast period.

The hybrid delivery model is a highly adopted model among other deployment models, owing to the connectivity management platform and security platform. In this delivery model, the benefits of onshore, as well as offshore can be gained. The overall adoption of hybrid solutions is expected to increase during the forecast period, due to a wide range of functionalities and core features the solutions provide.

Among regions, Asia Pacific (APAC)is expected to grow at the highest CAGR during the forecast period

APAC is expected to hold the highest CAGR among all regions, owing to the increasing adoption rate of IoT and rising demand for intelligent and smart solutions, while North America is expected to be the major contributor to the smart city platforms market. The increasing citizen engagement is the major growth factor expected to drive the growth of the smart city platforms market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the smart city platforms market.

The breakup of the profiles of the primary participants is given below:

By Company: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%

By Designation: C-Level – 55%, Directors– 40%, and Others —5%

By Region: North America – 30%, Europe – 35%, APAC – 25%, and RoW –10%

The key vendors profiled in the report are as follows:

Alibaba (China)

AWS (US)

Bosch.io (Germany)

CIMCON Lighting (US)

Cisco (US)

Ericsson (Sweden)

Fujitsu (Japan)

Fybr (US)

Google (US)

Hitachi (Japan)

Huawei (China)

IBM (US)

Intel (US)

KaaIoT Technologies (US)

Microsoft (US)

NEC (Japan)

Oracle (US)

SAP (Germany)

Schneider Electric (France)

SICE (Spain)

Siemens (US)

Sierra Wireless (Canada)

Siradel (France

Smarter City Solutions (Australia)

The things. iO (US)

Ubicquia (US).

Research Coverage

The smart city platforms market has been segmented based on offering (platforms (connectivity management, integration, device management, security and data management) and service (professional and managed);delivery model (offshore, hybrid and onsite); application (smart transportation, public safety, smart energy and utilities, infrastructure management, and citizen engagement), and regions. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; offerings; key strategies such as acquisitions, new service launches, product enhancements,  partnerships, agreements, collaborations, and business expansions; and competitive landscape associated with the global smart city platforms market.

Reasons to Buy the Report

The report would help the market leaders/new entrants in the following ways:

It comprehensively segments the smart city platforms market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across regions.

It would help stakeholders understand the pulse of the market and provide information about the key market drivers, restraints, challenges, and opportunities.

It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.

[caseinpoints]

Venture capital funding for storage, smart grid and efficiency companies jumps

In the first half of 2017, $1.03 billion was raised by battery storage, smart grid and efficiency companies, compared to $807 million in the first half 2016, according to Mercom Capital Group’s report.

Battery Storage

Venture capital (VC) funding (including private equity and corporate venture capital) for Battery Storage companies jumped in Q2 2017 to $422 million in 10 deals compared to $58 million in eight deals in Q1 2017 due to a very large funding deal. Year-over-year (YoY) funding was higher compared to $125 million raised in Q2 2016 from 10 deals. In the first half (1H) of 2017, $480 million was raised in 18 deals compared to the $179 raised in 20 deals in 1H 2016.

The top VC funded Battery Storage companies in Q2 2017 were: Microvast Power, which raised $400 million from CITIC Securities, CDH Investment, National Venture Capital, and others; Vionx Energy received $12.75; and Moixa Technology raised $3.2 million in funding from the Greater Manchester Combined Authority, Tokyo Electric Power Company (TEPCO), and First Imagine! Ventures.

Eleven investors participated in Battery Storage funding in Q2 2017 with Lithium-based Battery companies raising the most.

There were seven debt and public market financing deals in Battery Storage in Q2 2017 totaling $107 million compared to $22 million in two deals in Q1 2017. In 1H 2017, there was $129 million raised in nine deals compared to three deals bringing in $69 million in 1H 2016.

There was one Battery Storage project fund in 1H 2017 for $152 million compared to three deals raising $195 million in 1H 2016.

Battery Storage project funding in 1H 2017 totaled $5 million in two deals compared to no deals in 1H 2016.

There were three M&A transactions involving Battery Storage companies in Q2 2017. In Q1 2017, there was one M&A transaction. In the first half of 2017, there were four transactions (one disclosed) compared to six transactions in 1H 2016 (two disclosed).

Smart Grid

VC funding for Smart Grid companies in Q2 2017 came to $139 million in eight deals compared to $164 million in 14 deals in Q1 2017. In a YoY comparison, $222 million was raised from 15 deals in Q2 2016. $304 million was raised in 22 deals in 1H 2017 compared to $331 million raised in 29 deals in 1H 2016.

The top VC funded Smart Grid companies included: Actility, which secured $75 million from Creadev, Bosch, Inmarsat, Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom, and Foxconn; ChargePoint raised $43 million from Siemens; FreeWire Technologies received $7.6 million; and Enervalis secured $4.8 million from LRM, Nuhma, and ABB.

Seventeen investors participated in Smart Grid VC funding rounds in Q2 2017 with Demand Response companies raising the most.

There was one debt and public market financing deal in Smart Grid in Q2 2017 totaling $9 million compared to no deals in Q1 2017. In 1H 2017, $9 million was raised in one deal compared to $217 million in three deals in 1H 2016.

There were six Smart Grid M&A transactions in Q2 2017 compared to seven transactions in Q1 2017. In the first half of 2017, there were 13 transactions (three disclosed) compared to five transactions (two disclosed) in 1H 2016.

Efficiency

VC funding into Energy Efficiency technology companies fell significantly to $29 million in six deals in Q2 2017 compared to the $213 million in 14 deals in Q1 2017 and $86 million in nine deals in Q2 2016. $242 million was raised in 20 deals in 1H 2017 compared to $297 million raised in 23 deals in 1H 2016.

The Top Efficiency VC deals included: $15 million raised by CIMCON Lighting from Energy Impact Partners; the $5 million raised by Tendril Networks; OptiWatti raised $4 million from Taaleri Kiertotalous and Butterfly Ventures; and Illumitex raised $4 million from WP Global Partners and NEA.

Six investors participated in VC funding in Q2 2017. Within the sector, Efficiency Lighting companies brought in the most funding.

Debt and public market financing for Efficiency companies rebounded to $1.4 billion in six deals in Q2 2017 compared to $301 million in three deals in Q1 2017. In 1H 2017, there was $1.7 billion raised in nine deals compared to $2 billion raised in the same number of deals in 1H 2016.

There was one M&A transaction in the Efficiency sector in Q2 2017 compared to four in Q1 2017. In the first half of 2017, there were five transactions (two disclosed) compared to 10 transactions in 1H 2016 (four disclosed).

News item from Mercom capital group

Solar Power World

[cimcondigital]

Transforming Predictive Maintenance with CIMCON Digital’s IoT Edge Platform: Unlocking Proactive Asset Management

Introduction

In today’s fast-paced and technologically advanced world, the need for efficient and proactive asset management is paramount for businesses to stay competitive. CIMCON Digital’s IoT Edge Platform emerges as a game-changer in the realm of Predictive Maintenance, empowering organizations to detect anomalies in advance using ML algorithms. This capability not only enables customers to plan schedules well in advance and avoid costly downtime but also provides real-time visibility into the remaining useful life of assets. In this article, we delve into how CIMCON Digital’s IoT Edge Platform revolutionizes Predictive Maintenance with practical examples of proactive asset management.

1. The Challenge of Reactive Maintenance

Traditionally, companies have been plagued by reactive maintenance practices, where assets are repaired or replaced only after failures occur. This reactive approach leads to unexpected downtime, reduced productivity, and increased maintenance costs. Predicting asset failures and planning maintenance schedules in advance is critical to ensure smooth operations, optimize resource allocation, and minimize overall downtime.

2. Empowering Proactive Maintenance with ML Algorithms

CIMCON Digital’s IoT Edge Platform is equipped with advanced Machine Learning algorithms that analyze real-time data from connected assets and machines. By continuously monitoring sensor data and historical performance trends, the platform can accurately detect anomalies and deviations from normal operating patterns. This proactive approach allows businesses to predict potential asset failures well in advance, providing ample time to schedule maintenance activities before any critical failures occur.

3. Planning Ahead to Avoid Downtime

Imagine a scenario in a manufacturing facility where a critical piece of equipment experiences an unexpected failure. The consequences could be disastrous, leading to costly downtime and missed production targets. With CIMCON Digital’s IoT Edge Platform in place, the same equipment would be continuously monitored in real-time. As soon as the platform detects any unusual behavior or signs of potential failure, it triggers an alert to the maintenance team.

Armed with this early warning, the maintenance team can plan the necessary repairs or replacements well in advance, avoiding unplanned downtime and minimizing disruption to production schedules. This capability not only ensures smooth operations but also optimizes maintenance resources and lowers the overall maintenance costs.

4. Real-Time Visibility into Asset Health

The IoT Edge Platform goes beyond detecting anomalies; it also provides real-time insights into the remaining useful life of assets. By analyzing historical performance data and asset health indicators, the platform estimates the remaining operational life of an asset with high accuracy.

Consider a scenario in a utility company managing a fleet of aging turbines. The maintenance team needs to know the remaining useful life of each turbine to plan proactive maintenance and avoid sudden breakdowns. With CIMCON Digital’s IoT Edge Platform, the team can access real-time information on the health of each turbine, enabling them to make data-driven decisions about maintenance schedules, parts replacement, and resource allocation.

5. Benefits of CIMCON Digital's IoT Edge Platform

CIMCON Digital’s IoT Edge Platform offers a host of benefits to businesses seeking to enhance their Predictive Maintenance capabilities:

a) Proactive Decision-making: By detecting anomalies in advance, the platform enables proactive decision-making, reducing reactive responses and enhancing overall operational efficiency.

b) Minimized Downtime: With the ability to schedule maintenance activities in advance, businesses can avoid costly downtime, leading to increased productivity and higher customer satisfaction.

c) Optimal Resource Allocation: The platform’s real-time visibility into asset health allows for better resource allocation, ensuring that maintenance efforts are targeted where they are most needed.

d) Cost Savings: By avoiding unexpected failures and optimizing maintenance schedules, businesses can significantly reduce maintenance costs and improve their bottom line.

Conclusion:

CIMCON Digital’s IoT Edge Platform empowers businesses to transcend traditional reactive maintenance practices and embrace a proactive approach to asset management. With the platform’s advanced ML algorithms, businesses can detect anomalies in advance, plan maintenance schedules proactively, and gain real-time visibility into asset health. This transformative capability results in minimized downtime, optimized resource allocation, and substantial cost savings. As CIMCON Digital’s IoT Edge Platform continues to revolutionize Predictive Maintenance, businesses can embark on a journey towards greater efficiency, productivity, and long-term sustainability.

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Transforming Predictive Maintenance with CIMCON Digital’s IoT Edge Platform: Unlocking Proactive Asset Management

Introduction

In today’s fast-paced and technologically advanced world, the need for efficient and proactive asset management is paramount for businesses to stay competitive. CIMCON Digital’s IoT Edge Platform emerges as a game-changer in the realm of Predictive Maintenance, empowering organizations to detect anomalies in advance using ML algorithms. This capability not only enables customers to plan schedules well in advance and avoid costly downtime but also provides real-time visibility into the remaining useful life of assets. In this article, we delve into how CIMCON Digital’s IoT Edge Platform revolutionizes Predictive Maintenance with practical examples of proactive asset management.

1. The Challenge of Reactive Maintenance

Traditionally, companies have been plagued by reactive maintenance practices, where assets are repaired or replaced only after failures occur. This reactive approach leads to unexpected downtime, reduced productivity, and increased maintenance costs. Predicting asset failures and planning maintenance schedules in advance is critical to ensure smooth operations, optimize resource allocation, and minimize overall downtime.

2. Empowering Proactive Maintenance with ML Algorithms

CIMCON Digital’s IoT Edge Platform is equipped with advanced Machine Learning algorithms that analyze real-time data from connected assets and machines. By continuously monitoring sensor data and historical performance trends, the platform can accurately detect anomalies and deviations from normal operating patterns. This proactive approach allows businesses to predict potential asset failures well in advance, providing ample time to schedule maintenance activities before any critical failures occur.

3. Planning Ahead to Avoid Downtime

Imagine a scenario in a manufacturing facility where a critical piece of equipment experiences an unexpected failure. The consequences could be disastrous, leading to costly downtime and missed production targets. With CIMCON Digital’s IoT Edge Platform in place, the same equipment would be continuously monitored in real-time. As soon as the platform detects any unusual behavior or signs of potential failure, it triggers an alert to the maintenance team.

Armed with this early warning, the maintenance team can plan the necessary repairs or replacements well in advance, avoiding unplanned downtime and minimizing disruption to production schedules. This capability not only ensures smooth operations but also optimizes maintenance resources and lowers the overall maintenance costs.

4. Real-Time Visibility into Asset Health

The IoT Edge Platform goes beyond detecting anomalies; it also provides real-time insights into the remaining useful life of assets. By analyzing historical performance data and asset health indicators, the platform estimates the remaining operational life of an asset with high accuracy.

Consider a scenario in a utility company managing a fleet of aging turbines. The maintenance team needs to know the remaining useful life of each turbine to plan proactive maintenance and avoid sudden breakdowns. With CIMCON Digital’s IoT Edge Platform, the team can access real-time information on the health of each turbine, enabling them to make data-driven decisions about maintenance schedules, parts replacement, and resource allocation.

5. Benefits of CIMCON Digital's IoT Edge Platform

CIMCON Digital’s IoT Edge Platform offers a host of benefits to businesses seeking to enhance their Predictive Maintenance capabilities:

a) Proactive Decision-making: By detecting anomalies in advance, the platform enables proactive decision-making, reducing reactive responses and enhancing overall operational efficiency.

b) Minimized Downtime: With the ability to schedule maintenance activities in advance, businesses can avoid costly downtime, leading to increased productivity and higher customer satisfaction.

c) Optimal Resource Allocation: The platform’s real-time visibility into asset health allows for better resource allocation, ensuring that maintenance efforts are targeted where they are most needed.

d) Cost Savings: By avoiding unexpected failures and optimizing maintenance schedules, businesses can significantly reduce maintenance costs and improve their bottom line.

Conclusion:

CIMCON Digital’s IoT Edge Platform empowers businesses to transcend traditional reactive maintenance practices and embrace a proactive approach to asset management. With the platform’s advanced ML algorithms, businesses can detect anomalies in advance, plan maintenance schedules proactively, and gain real-time visibility into asset health. This transformative capability results in minimized downtime, optimized resource allocation, and substantial cost savings. As CIMCON Digital’s IoT Edge Platform continues to revolutionize Predictive Maintenance, businesses can embark on a journey towards greater efficiency, productivity, and long-term sustainability.

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"Intelligent Manufacturing" exhibition at KLCC, Malaysia

Ahmedabad, Mar 1, 2023

CIMCON Digital participated in the Intelligent Manufacturing – IMKL exhibition in Malaysia from 16-18 March to showcase how the team of CIMCON is changing the industrial world with the latest hardware and software technologies for the last 3 decades.

The event was a resounding success, marked by significant accomplishments and overwhelmingly positive feedback. The company’s engaging presentations during the TechLab event showcased their advancements in Smart Factory and Industry 4.0 technologies, capturing the audience’s attention and generating thought-provoking conversations on the potential for growth opportunities and the crucial role of innovation within the industry. This outcome underscores CIMCON Digital’s unwavering commitment to embracing cutting-edge technology and leading the charge toward the future of intelligent manufacturing.

In sum, this inspiring and informative event demonstrated that CIMCON Digital is a driving force in the manufacturing industry, dedicated to pushing the boundaries of what’s possible and advancing the field through its innovative solutions and forward-thinking approach.

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CIMCON Digital is awarded the most promising technology company founded and managed by Indians in the US in 2022 by Silicon India

Ahmedabad, Dec 1, 2022

CIMCON Digital, a division of CIMCON Software (I) PVT LTD with a relentless focus on facilitating a digital world through preventive and predictive maintenance products and solutions, announced today that it has been named the most promising technology company founded and managed by an Indian in the United States in 2022. The award is significant for the organization because it demonstrates how the CIMCON Digital team is reshaping industry 4.0 by using the latest technological advancements to manufacture, improve, and distribute products.

“The award signifies how the employees of CIMCON Digital are putting in efforts to envision a world where all industrial assets are connected and can be monitored and controlled in real-time for maximum productivity and improved bottom line,” said Anil Agrawal, CEO, and Founder of CIMCON Digital and CIMCON Software (I) Pvt Ltd. “Each and every employee had an equal contribution in making this vision a reality and we are all thrilled to be awarded one of the most promising technology companies.” 

Silicon India publishes exclusive and authentic content through stories of burgeoning entrepreneurs, outstanding technologists, and accomplished CXOs, along with business analysis, leading technology trends, and opinions. Through these awards, Silicon India wants to create a single operational workflow that interconnects business silos across their enterprise harmoniously and enables multiple teams to come together as a whole to work for progress. 

“With the most promising technology company award, we want to assist our readers in understanding the right technology partner and for the same, we do through research of the organizations and search endlessly to find the top Indian-origin US Tech companies that are well-versed to deliver a collective operational workflow management system.” said one of the top representatives at Silicon India. Industry 4.0 is reshaping how companies manufacture, improve and distribute products. The next big thing is edge computing, which allows manufacturers to ingest, process, and analyze data in real-time on the machine itself. Unfortunately, many plant owners still operate without real-time visibility into their operations, adversely impacting the bottom line. CIMCON Digital challenges this status quo with its modern, powerful, and easy-to-use industrial platform, CIM 360, and a preventive maintenance solution using VIBit. CIMCON Digital also focuses on the enterprise-wide deployment of the CIM 360 with its iCloud. It ensures the quick provisioning, authorization, and authentication of edge devices from a web-based, centralized management platform. “We are thrilled to be awarded from Silicon India and we will continue to strive forward in reshaping the industry 4.0 going above and beyond,” said Anil Agrawal. About CIMCON Digital CIMCON Digital was spun out as a division of CIMCON Software (I) Pvt. Ltd. with a relentless focus to help facilitate a digital world through our products and solutions. We at CIMCON Digital make it all happen behind the scenes. We believe that technology is just a means and not an end. We have worked hard for 33 years to make technology as seamless as possible so that you, the user, do not have to see the technology, you only see the outcomes being delivered, be it better customer satisfaction, improved margins, doing more with less.   About SiliconIndia Silicon India entails the editorial coverage of successful entrepreneurs, proficient CEOs, industry leaders, well-versed technologists, and many others. It brings in the nuances of both US and Indian technologies across the content delivered and stands as one of the largest ecosystems encompassing the perspectives and business ideas of eminent professionals in the world. Silicon India has been seamlessly impacting the lives of emerging entrepreneurs, businesses, students, and a lot of others since its inception in 1997. Today, Silicon India is eminent for the circulation of around 96,000 hard copies across PAN India with 4 lakh readers and 47,000 downloads of e-Magazines.

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"Intelligent Manufacturing" exhibition at KLCC, Malaysia

Ahmedabad, Mar 1, 2023

CIMCON Digital participated in the Intelligent Manufacturing – IMKL exhibition in Malaysia from 16-18 March to showcase how the team of CIMCON is changing the industrial world with the latest hardware and software technologies for the last 3 decades.

The event was a resounding success, marked by significant accomplishments and overwhelmingly positive feedback. The company’s engaging presentations during the TechLab event showcased their advancements in Smart Factory and Industry 4.0 technologies, capturing the audience’s attention and generating thought-provoking conversations on the potential for growth opportunities and the crucial role of innovation within the industry. This outcome underscores CIMCON Digital’s unwavering commitment to embracing cutting-edge technology and leading the charge toward the future of intelligent manufacturing.

In sum, this inspiring and informative event demonstrated that CIMCON Digital is a driving force in the manufacturing industry, dedicated to pushing the boundaries of what’s possible and advancing the field through its innovative solutions and forward-thinking approach.

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CIMCON Digital launches its New Product, MachineAstro​

Ahmedabad, May 1, 2023

  CIMCON Digital, a leading provider of innovative technology solutions has announced the launch of MachineAstro, a powerful new machine-learning platform that promises to transform how machine OEMs approach data analysis and decision-making while reaching their net zero goals.

CIMCON Digital, an AI-led technology company that helps energy-intensive industrial businesses achieve their sustainability goals by reducing energy and operation and maintenance (O&M) costs, has launched a cost-effective machine monitoring solution called MachineAstro. The product offers the same level of reliability as CIMCON Digital’s flagship product, VIBit, without the need to stream data into the cloud.

MachineAstro is a sophisticated AI-powered solution that enables machine OEMs to unlock the full potential of their data.

It is a bundle that includes multiple VIBit Lite sensors, an intelligent edge device called CIM10 with advanced software featuring edge AI and analytics capabilities, and a high-resolution HMI. VIBit Lite is a powerful vibration sensor that offers several features, including 3-Axis acceleration RMS, 3-Axis Velocity RMS, temperature monitoring, and 1-10x FFT.

Multiple VIBit Lites are wired to an intelligent edge device, the CIM10, which runs advanced AI-based anomaly detection and diagnostic algorithms to predict and report on various faults such as misalignment, imbalance, structural and rotating looseness, soft foot, and more. The HMI included in the bundle is fully configured to mimic an actual machine network and provide performance monitoring alerts. Alternatively, customers can also use their existing SCADA or other monitoring software to display this data and alerts. CEO Anil Agrawal says, “the product is ideal for machine original equipment manufacturers (OEMs) looking to help their customers operate at high efficiency without unplanned downtime, reducing their carbon footprint and getting closer to their net-zero goal.”

With its advanced machine learning algorithms, MachineAstro provides valuable insights and predictions that help machine OEMs optimize their operations, improve customer experiences, drive revenue growth. and leverage the power of machine learning without requiring extensive technical expertise. The product has already received positive feedback from initial pilot customers and is available for purchase worldwide. CIMCON Digital leverages 35 years of deep domain industrial experience of its parent company, CIMCON Software (I) Pvt. Ltd., to deliver cutting-edge Industry 4.0 solutions that incorporate IoT, Artificial Intelligence, and Machine Learning technologies. CIMCON Digital products and solutions help a diverse range of customers across Manufacturing, Water, Oil & Gas, among others, meet their net-zero and sustainability goals. The company has a global presence, with offices in the United States and India, and its mission is to create “One Connected Industrial World,” making it a leading player in the IoT industry.

For more information on CIMCON’s digital transformation solutions, visit cimcondigital.com. For media inquiries, contact Aishwarya Agrawal at ashi@cimcondigital.com or call +91 09512800836.

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End-of-Year Results Press Release

CIMCON Digital Releases Favorable End-of-Year Results

Ahmedabad, May 3, 2023

CIMCON Digital, an AI-led technology company focused on reducing energy and O&M costs and driving sustainability goals for energy-intensive industrial businesses, has released its end-of-year results, demonstrating significant growth and expansion in key areas of its business. CIMCON’s VIBit, an AI-driven, vibration-based predictive and prescriptive solution, has helped various companies across industries like pharmaceuticals, cement, tire, automotive, FMCG, and steel move closer to their ambitious net-zero goals to reduce greenhouse gas emissions.

To accelerate adoption and enable cost-sensitive use cases, CIMCON launched MachineAstro, an IOT-in-a-box solution, that includes multiple vibration sensors and temperature, pressure, flow, and energy meters wired to an edge device running AI-based diagnostic software. This solution has received an overwhelming response from machine manufacturers and industrial automation system integrators.

This year, CIMCON saw several of its existing VIBit customers take the next step in their digital transformation journey by implementing its state-of-the-art edge IIoT platform, CIM, which delivers several unique use cases, including some that involve video analytics.

Continuing with its theme of making digital products affordable, CIMCON also introduced CIM10, a product that allows users to easily connect their entire factory or plant. This helps plant owners identify opportunities for energy efficiency and waste reduction at an enterprise level, ultimately contributing to a more sustainable future and progress toward achieving net-zero goals.

“We are proud that our technologies are helping address approximately one-third of global GHG emissions contributed by energy-intensive industries each year,” said Anil Agrawal, CEO of CIMCON Digital. “We are also delighted to see some of our customers making rapid progress towards their sustainability and industry 4.0 goals through our CIM IIoT platform.”

The company remains committed to leveraging AI to create a more sustainable industrial world and building on its current momentum going forward.

About CIMCON Digital: CIMCON Digital leverages 35 years of deep domain industrial experience of its parent company, CIMCON Software (I) Pvt. Ltd., to deliver cutting-edge Industry 4.0 solutions that incorporate IoT, artificial intelligence, and machine learning technologies. CIMCON Digital products and solutions help a diverse range of customers across manufacturing, water, oil & gas, among others, meet their net-zero and sustainability goals. The company has a global presence, with offices in the United States and India, and its mission is to create “One Connected Industrial World,” making it a leading player in the IoT industry.

For more information on CIMCON’s digital transformation solutions, visit cimcondigital.com. For media inquiries, contact Aishwarya Agrawal at ashi@cimcondigital.com or call +91-09512800836.

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Pioneering Industrial Transformation Through Visionary Leadership

Ahmedabad and Boston, August 9th, 2023  

Experienced business leaders play a crucial role in driving innovation and addressing the pressing needs of industries. They possess a unique vision, unwavering determination, and a deep understanding of the challenges and opportunities present in their respective fields. Among these remarkable individuals, Anil Agrawal stands out as one of the most successful business leaders, making significant strides in industrial transformation. As the CEO of CIMCON Digital, Agrawal has demonstrated exceptional leadership skills and propelled CIMCON Digital to the forefront of industrial transformation, cementing himself as a remarkable leader who continues to shape the industry’s future.9

Pioneering Industrial Transformation Agrawal embarked on a journey driven by his realization of energy consumption and inefficiencies within industries. Motivated by the potential of Industrial IoT (IIoT) technology to reduce energy consumption through enhanced machine efficiency, Agrawal founded CIMCON Digital to create a connected industrial world through digital transformation. With a dedicated team, CIMCON Digital translated customer challenges into scalable solutions, focusing on its Edge Platform products and services. The organization’s biggest challenge was overcoming the complex industrial landscape and educating firms about cutting-edge technology and the importance of adopting it to improve operations. It was vital to quantify the impact of IIoT and provide evidence of higher productivity and efficiency to accelerate adoption in the industry.

However, Agrawal’s leadership, customer-centric approach, and strategic partnerships propelled CIMCON Digital to emerge as a leader in industrial transformation. Agrawal was successful in reducing energy consumption by a staggering 17%, addressing the pressing needs of the industry with resilient digital solutions and overcoming the industry players’ resistance to change.

CIMCON Digital: Empowering Digital Transformation

CIMCON Digital is a leading Edge IoT Platform and solution provider specializing in driving digital transformation in the Manufacturing, Water, and Infrastructure sectors. With a comprehensive platform and solutions, CIMCON Digital addresses critical use cases such as condition monitoring, predictive maintenance, energy analytics, and process optimization. The organization’s technology solutions have empowered Fortune 500 companies across various industries, including Pharma, Cement, Automotive, FMCG, and Steel.

Established initially as a division of CIMCON Software (I) Pvt. Ltd., CIMCON Digital is driven by a relentless focus on facilitating a digital world through innovative products and solutions. With over 35 years of experience, CIMCON Digital has worked diligently to seamlessly integrate technology into the background, allowing users to witness the outcomes delivered without being burdened by the underlying technology. The organization aims to provide tangible results, such as improved customer satisfaction, enhanced margins, and the ability to accomplish more with less through the digitalization of certain tasks.

By leveraging CIMCON Digital’s offerings, organizations can maximize efficiency, reliability, and operational excellence. The company’s iEdge 360 IoT Platform empowers companies to unlock the power of Industry 4.0 and embark on a digital transformation journey, all while promoting sustainability and net-zero initiatives. With CIMCON Digital, companies can harness the potential of technology to transform their operations, optimize asset performance, and drive toward a connected and efficient future.

Disrupting Traditional Approaches

CIMCON Digital’s platform has successfully disrupted the traditional way of working by revolutionizing asset maintenance practices. Traditionally, maintenance relied on time-based inspections and preventive measures tied to run hours, leading to unplanned breakdowns, increased spare costs, and reduced machine efficiency. However, CIMCON Digital’s solution introduces a technological shift in asset monitoring. By swiftly installing real-time sensors and connecting them to the plant Wi-Fi network, customers can receive machine health alerts within hours. This enables them to prioritize their limited resources and deploy them where they are most needed, improving machine reliability and efficiency. With the AI/ML-based software embedded in the platform, continuous monitoring is provided 24/7, 365 days a year. This means that thousands of equipment assets can be monitored simultaneously, empowering customers with proactive maintenance actions and peace of mind. By disrupting the traditional approach to asset maintenance, CIMCON Digital’s platform empowers organizations to optimize their operations, reduce  downtime, and maximize machine performance through real-time insights and predictive capabilities.

Introducing VIBit: A Game-Changing Solution

The growth of CIMCON Digital was catalyzed by the introduction of its VIBit solution in October 2021. This groundbreaking solution provided valuable insights into machine operations, offering early warning indicators for machine health anomalies, fault diagnostics, and repair recommendations. Positive word-of-mouth spread throughout the industry as customers began reaping the benefits, such as reduced machine downtime and improved energy efficiency. The adoption of CIMCON Digital’s solutions by these satisfied customers led to a ripple effect, as other companies and peers took notice and started embracing the organization’s offerings. This widespread adoption and scale marked a pivotal turning point, triggering significant growth for the organization.

Cutting-Edge IoT Solutions

CIMCON Digital specializes in providing cutting-edge IoT solutions and services. With a comprehensive platform, the organization offers a range of capabilities to optimize operations and drive business growth for its clients.

IoT Hardware

CIMCON Digital offers a diverse range of edge sensors to monitor various parameters such as vibration, noise, and temperature. These sensors are instrumental in collecting crucial machine data for analysis. In addition, its edge gateway facilitates seamless connectivity with machines utilizing different industrial protocols.

Advanced Analytics Software

Leveraging advanced analytics and AI/ML capabilities, CIMCON Digital’s software transforms raw machine data into actionable intelligence. This powerful software enables early warnings for machine anomalies, facilitates fault diagnostics, and recommends appropriate actions. Clients can make informed decisions through analytics software to enhance efficiency and optimize their operations. 

Visualization Layer

CIMCON Digital’s platform includes a visualization layer that empowers stakeholders, ranging from C-suite executives to  operations and maintenance team members. This layer presents valuable insights and foresight derived from the collected data. CIMCON Digital enables stakeholders to take timely and informed actions based on the presented data by providing intuitive visualizations.

Smart Solutions

CIMCON Digital is revolutionizing the manufacturing industry with its innovative solutions.

Smart Manufacturing

CIMCON Digital’s iEdge 360 IoT Platform seamlessly integrates with production line machines, harnessing data to enhance yield, efficiency, capacity utilization, and asset availability. By leveraging this platform, manufacturers can respond swiftly to changing demands, ensuring optimal performance and productivity.

Smart Water

Water and wastewater management becomes highly efficient with the CIMCON iEdge 360 IoT platform. By leveraging IoT technology and real-time data collection through sensors, potential water system failures can be detected, reducing the need for manual inspections. Water utilities can harness the power of data and analytics to monitor water quality parameters, automate irrigation and sewage management, and avoid wastage of water and time, ultimately ensuring reliable water management.

Smart Infrastructure

CIMCON Digital’s iEdge 360 IoT platform empowers facility managers to transform their buildings into smart structures. By deploying a range of sensors and actuators, valuable building data is collected and analyzed, leading to optimized operations and the ability to predict equipment failures before they occur. This technology enhances safety, security, comfort, and overall infrastructure performance.

Smart Everything

CIMCON Digital is at the forefront of smart technology, enabling connectivity and intelligence in everyday devices. From refrigerators to locks to shoes, the iEdge 360 IoT platform facilitates the integration of smart technology into various aspects of our lives. CIMCON Digital drives innovation  and sets the stage for a fully connected and intelligent world.

How CIMCON Does It?

iEdge 360, Intelligence at the Edge: CIMCON Digital’s iEdge 360 platform is a central hub for collecting and integrating sensor data. By transforming this data, it becomes readily available for real-time analysis by digital machine experts, providing accurate and actionable insights. This comprehensive platform offers interfaces, protocols, networking capabilities, and computing power, enabling seamless implementation of smart solutions.

CIMcloud, Scaling Digital Transformation: To facilitate large-scale digital transformation, CIMCON Digital offers its own CIMcloud application. This powerful tool allows for the provisioning, authentication, authorization, and management of hundreds of thousands of devices. With a user-friendly web-based management application, CIMcloud provides visualization and analytics, allowing plant operations to be monitored through key performance indicators (KPIs).

CIMdata, Unleashing the Power of Data: At the core of digital transformation lies the power of data, and CIMCON Digital’s CIMdata solution extracts invaluable insights from this wealth of information. Leveraging advanced Machine Learning algorithms, CIMdata listens to the data, offering plant operators actionable advice to prevent costly machine failures and improve the bottom line. 

Advancing Products and Services Through Artificial Intelligence

CIMCON Digital furthers its products and services by embracing a data-driven approach to innovation. Agrawal believes in leveraging machine learning and generative AI technologies to continuously improve its offerings in two ways, one for customers and one for the business. The company is committed to creating ChatGPT-powered insights by training the model with its custom data to create its chatbot, Muni. Through Muni, CIMCON can relay vital asset updates to clients in a straightforward and interactive manner. For example, clients can ask questions like, “How is my plant doing today?” or “Which machines should I inspect today?” to better understand their plant health. In addition to the chatbot, the company will use this revolutionary new natural language processing technology to create not only text-based information but also graphical representations of essential data for clients to gain a visual understanding of their current situation.

The company is also leveraging generative AI for creating more efficient internal processes. Agrawal mentions, “The idea is to drive productivity within the firm through generative AI to meet the demand for the product.” He aims to use this technology to provide more content for customers through its robust content generation capabilities combined with the team’s expertise. It will also be a great help to the customer success team, providing an interactive FAQ chatbot to address any client concerns. By harnessing the power of these cutting-edge technologies, CIMCON Digital helps customers identify opportunities for energy optimization and sustainable operations in a simple and efficient manner.

Seamless Technology Solutions

CIMCON Digital’s technology has proven instrumental in providing customers with a seamless experience, delivering significant benefits across multiple aspects. Firstly, the technology has enabled customers to reduce downtime, a critical concern in manufacturing industries. By leveraging the edge platform, customers can proactively monitor machine conditions, detect potential issues early on, and implement preventive measures to avoid unplanned downtime. 

Secondly, the technology has enhanced operational efficiency for customers. Through advanced analytics and AI/ML capabilities, the platform transforms raw machine data into actionable insights. This empowers customers to optimize processes, identify bottlenecks, and make data-driven decisions that drive efficiency and productivity.

Moreover, CIMCON Digital’s edge platform supports customers in accelerating their digital journey. The platform offers scalability and flexibility and caters to various use cases such as condition monitoring, predictive maintenance, energy analytics, and process optimization. This versatility allows customers to seamlessly integrate the solution into their existing technology landscape, maximizing their investments and enabling a smooth transition to enhanced operational capabilities.

Overall, CIMCON Digital’s technology solutions empower customers to elevate their operations, minimize downtime, and achieve higher levels of efficiency. By delivering a seamless experience, the technology enhances customer productivity and profitability across industries.

Leadership Philosophy

Anil Agrawal’s customer-first leadership philosophy permeates every aspect of CIMCON Digital. Under his guidance, the organization thrives on collaboration, effective communication, and mutual respect, enabling teams to deliver innovative solutions that exceed customer expectations.

Encouraging a growth mindset, Agrawal fosters continuous improvement and adaptation to evolving customer needs. Emphasizing ownership, he instills a sense of accountability and commitment to delivering exceptional results. Moreover, a sense of urgency drives CIMCON Digital’s proactive approach, ensuring timely and effective solutions to address customer problems.

This customer-centric leadership approach has fostered a thriving and innovative organization. CIMCON Digital’s commitment to innovation and customer-centricity ensures it remains at the forefront of the digital transformation landscape. Empowering industries for a connected and efficient future, the company continues to pave the way for transformative advancements.

CIMCON Digital is a pioneering Edge IoT Platform and solution provider, specializing in driving digital transformation through the utilization of Generative AI and machine learning in the Smart Manufacturing, Water, and Infrastructure sectors. 

Web Link : https://theenterpriseworld.com/cimcon-digital-industrial-transformation/

Digital Link : https://theenterpriseworld.com/the-most-successful-business-leaders-3/

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Introducing Muni: CIMCON Digital's Generative AI-Based Virtual Assistant that will Transform Manufacturing Decision-Making

Ahmedabad and Boston, August 4th, 2023  

CIMCON Digital, an AI-led IoT technology company in the manufacturing space, is thrilled to announce the launch of its innovative AI-powered virtual assistant, Muni. Designed to revolutionize manufacturing operations, Muni is set to enhance data-driven decision-making and boost asset reliability.

Muni is a sophisticated human-like expert interface to its AI-based Machine Anomaly detection and diagnostics application, tailored for manufacturing stakeholders and decision-makers. By harnessing the NLP (Natural Language Processing) power of Generative AI, Muni enables a human-like conversation with manufacturing professionals to optimize asset availability, reliability, and efficiency in an easy and interactive manner. 

Muni seamlessly integrates with CIMCON’s VIBit (Vibration, Temperature, and Noise) and CIM edge IIoT Platform. These cutting-edge tools collectively gather real-time machine health and performance data at a split-second interval. The software then employs a combination of physics, proven rules, and a number of advanced machine learning algorithms to precisely detect anomalies and identify machine faults with associated risk levels as well as recommendations to fix them.

“We are excited to introduce Muni to the manufacturing industry,” said Anil Agrawal, CEO of CIMCON Digital. “It is a game changer. It humanizes technology by enabling humanistic conversations where manufacturing professionals can question the system. This includes peeking into the way our software thinks resulting in quick decision making thereby avoiding costly machine downtime, saving plant owners hundreds of thousands of dollars while improving their brand. “

Here is an example of a conversation with Muni and a manufacturing head, Tom:

Muni: “Hello Tom, good morning. A few assets changed their health status since you last logged in. Would you like to know further details from me?”

Tom: “Yes, provide me a list of assets under high risk.”

Muni: “Sure, Tom, the following assets are under high risk:

Screw Compressor (Asset ID: COM-456)

Pump 1 (Asset ID: PMP-789)

AHU Blower (Asset ID: AHU-123)

Force Draft Fan (Asset ID: FD-567)

Tom: “How many days has the Screw Compressor been at high risk?”

Muni: “The Screw Compressor (Asset ID: COM-456) has been at high risk for the past 5 days.”

Tom: “What is its fault mode?”

Muni: The fault mode is BPFI (Ball Pass Frequency Inner) found on ‘Motor Drive End Side’ of the Screw Compressor. The Non-synchronous energy at ball pass frequency in inner race 1xBPFI to 3xBPFI has increased.

Tom: “What’s your recommendation?”

Muni: “My recommendation is to assign this task to the maintenance team for inspection of the inner race bearing and replace the bearing, if required.

Muni: “Is there anything else I can assist you with today?”

Tom: “No thanks, all set.”

As shown above, Muni’s interface is extremely interactive and intuitive, allowing users to get a clear picture of their plant health issues along with subsequent recommendations.

CIMCON Digital’s Muni is poised to redefine the manufacturing landscape, propelling businesses towards data-driven excellence and unprecedented asset reliability. With its real-time insights and proactive recommendations, Muni showcases its potential to optimize manufacturing processes and drive decision-making for businesses in the industry to the next level.

“At CIMCON Digital, we are committed to bringing innovation and efficiency to the manufacturing sector,” added Agrawal. “Muni embodies our dedication to harnessing the power of AI to unlock the full potential of manufacturing processes.”

About CIMCON Digital: CIMCON Digital leverages 35 years of deep domain industrial experience of its parent company, CIMCON Software (I) Pvt. Ltd., to deliver cutting-edge Industry 4.0 solutions that incorporate IoT, Artificial Intelligence, and Machine Learning technologies. CIMCON Digital products and solutions help a diverse range of customers across Manufacturing, Water, Oil & Gas, among others, meet their net-zero and sustainability goals. The company has a global presence, with offices in the United States and India, and its mission is to create “One Connected Industrial World,” making it a leading player in the IoT industry.

For more information on CIMCON’s digital transformation solutions, visit cimcondigital.com. For media inquiries, contact Aishwarya Agrawal at ashi@cimcondigital.com or call +91-95128 00836.