According to a new study by Grand View Research, Inc. the global smart manufacturing market size is anticipated to reach USD 514.3 billion by 2027. Smart manufacturing has led to the Industry 4.0 revolution, where the focus is mainly on using digital technology to gather and analyze data across machines and business systems – enabling faster and more efficient processes.
According to the MPI 2020 Industry 4.0 Study, manufacturing leaders are leveraging Industry 4.0 to increase productivity, revenues, and profitability. 83 percent of them say that Industry 4.0 is extremely important to their companies and 56 percent of manufacturers indicate that Industry 4.0 will have a significant impact on their business and industry in the next 5 years.
One such company that excels in offering Smart Manufacturing Solutions to address the Industry 4.0 needs of manufacturing companies is Bangalore Headquartered m2nxt. m2nxt is a wholly-owned subsidiary of India’s largest machine tool builder - Bharat Fritz Werner (BFW). As an Industry leader, the company envisions to enhance profitability by enhancing the productivity of manufacturing companies.
End-to-End Solutions
m2nxt offers end-to-end solutions for smart manufacturing using both the cyber-physical system and physical automation solutions. The m2nxt portfolio comprises three verticals such as Factory Automation, Beyond the Box, and 3D-
Printing solutions. m2nxt is a knowledge-based solution provider for advanced manufacturing processes including Jig & Fixtures, Industrial IoT, Robotics & Data Analytics.
Real-time monitoring & Performance optimization
Designed and developed from a single integrated solution with a secure, robust and cloud-based infrastructure is m2nxt’s IRIS that offers real-time monitoring, performance optimization, reporting, traceability and more to future connected factories.
IRIS not only helps in monitoring the machine performance on the shop floor but acts as an intelligent communicating device after implementation. For instance, when IRIS is connected to an inspection station the SPC/SQC exclusive data can be hosted in the cloud, which helps in determining whether the statistical processes compliance is met by a critical component or not. This can be viewed on the smart device from anywhere by the Quality Assurant, which is a unique feature. Not just that, this device also provides the details of the operator logged in on the machine, owing to the biometric compliance and the face recognition compliance it comprises.
IRIS not only helps in monitoring the machine performance on the shop floor but acts as an intelligent communicating device
Edge Computing
Some of the major factors differentiating IRIS is that this IoT device not only helps in data acquisition rather it is an intelligent device that is IP64-compliant. Secondly, it also acts as an edge computing device, where all the computation is performed in the device before pushing it to the cloud/server. Also, this device ensures that data being dispatched is never lost ensuring 100 percent data integrity.
Equipment Safety
“In factory automation, we are primarily looking at the equipment and instrument safety and trying to implement the "Do it right the first time” concept says Jagannath, Business Head, m2nxt.
“Our company carries out the end-to-end process of arare and unique combination of manufacturing, mechanical assembly, and also controls in software & design, which helps customers meet the needs of Industry 4.0,” he adds.
Having carved a niche for itself in this segment, m2nxt is currently developing a Critical Automation solution. The company is also developing a solution comprising of 8 machines & 3 robots, with Biometric Gauging, Auto Palletizing, and Auto Tool Life Management.
.jpg "Artificial Intelligence to Revolutionize Advanced Chip Design")
