Tech mahindra
Tech mahindra

Tech Mahindra opens Factory of the Future center at Bangalore

First of its kind of initiative to strengthen position as a leading solutions provider for smart manufacturing

Factory of the Future

Bangalore, 7 March 2017: As the Manufacturing segment gears up for the next phase of growth wherein connected devices powered by IoT, AI, machine learning will amplify the productivity with minimal human intervention, identification and implementation of right technology solutions are going to be extremely critical for the industries globally.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering has taken the lead position here by setting up a state-of-the-art lab which works on technologies that are expected to power the future factory floors. Known as the “Factory of the Future” lab, the new centre showcases assets and solutions in the areas of Digital Manufacturing, Connected Machines, Additive Manufacturing, Robotics & Automation, Artificial Intelligence & Analytics, and Augmented Reality & Virtual Reality.

The lab will demonstrate solutions and products built in association with many leading software and hardware vendors. It is built in modular form to showcase Industry 4.0 concepts that are central to be able to help building the Digital backbone of client organizations.

“Industries world-over are going through a massive transformation, a transformation that is driven by the advances in newer technologies, especially things like IoT and Robotics. As a trusted Digital Transformation partner for client organizations, we have taken lead in these areas and have invested in building capabilities to harness the opportunities,” said L Ravichandran, President and Chief Operating Officer at Tech Mahindra.

“We believe that we have the unique skills and technology depth to help our clients to be ready for Industry 4.0 with minimal disruption,” said Aloke Palsikar, Senior VP and Global Head of Manufacturing at Tech Mahindra. “The infrastructure and the assets in the lab are already being monetized to create customer-centric solutions and we already have some references while some of the customer use cases are being tested.”

Manufacturing or industrial segment is the one where the impact of technology is much more visible that others. From being a mostly people or labour-intensive model in the late 80`s, to adopting to the automation tools, software and platforms, manufacturing at presently is a greatly transformed segment. The industry is now at a cusp of embracing the next generation of automation wherein robots will work alongside humans in a connected factory floor that is powered by technologies such as AI, Robotic & Automation, Machine Learning amplified by increasing use of Big Data and Analytics in decision-making.

In the newer phase, technology will be the main backbone of the manufacturing industry which is expected to shed around 50 million jobs globally while at the same time improving the efficiency and productivity significantly, because of the investment in new automation capabilities.

“Advances in robotics are more than just capabilities and cost,” according to research and advisory firm IDC. “They are becoming more collaborative with an ability to be programmed on the fly and work with humans rather than sitting behind a fence doing a single task programmed for it,” IDC said in a report on Industry 4.0 commissioned by Tech Mahindra.

The research firm estimates that by 2020, nearly two-thirds of all work in factories will be completed by one of these “cobots” or collaborative robots while robotics will have five times the capability at one-fifth the cost of what was available in 2015.

Tech Mahindra, as a vendor or technology agnostic company, has a unique advantage of leveraging the best-in-breed technologies from global majors and building solutions banking on its deeper engagement and understanding of the customer problems. Co-innovation is one area where the company is making significant bet to develop solutions that are deeply aligned with the customer’s requirements.

For example, Tech Mahindra is one of the few companies who are working with IBM at its newly-opened Watson IoT centre in Munich. A team of six developers and engineers are working within the Watson IoT headquarters in Munich, co-creating solutions targeting the Industry 4.0, especially segments such as manufacturing, farming, healthcare, banking, and automotive.

For Further Queries:

Shalini Singh | Global Media Relations |Tech Mahindra |E-mail: Shalini.singh7@techmahindra.com
media.relations@TechMahindra.com

Disclaimer

Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.6 billion company with 117,200+ professionals across 90 countries, helping over 885 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).

We are part of the USD 19 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

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For further information please write to connect@techmahindra.com

For further information please write to connect@techmahindra.com