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Finn co Zyfra’s Industrial IOT solutions for Indian firms

LN Revathy Coimbatore | Updated on September 16, 2018

Finnish company Zyfra, which provides Artificial Intelligence-based solutions for heavy industries, foresees huge potential for industrial digitalisation in India.

The company’s Managing Director, Pavel Rastopshin, in a meeting with the representatives of companies in defence, aerospace, petrochemicals, metallurgy and mining sectors, said Zyfra’s machine- monitoring and manufacturing data collection (MDC) tool will allow manufacturers to increase industrial equipment efficiency.

The company is set to introduce the monitoring tool, MDC Plus, in the Indian market. “We have inked agreements with Indian Spudweb Technologies and Abcon Group for providing the tool in India. They, in turn, expect to sign over 15 contracts worth $2.5 million.”

“Our MDC tool will help track equipment operation, enhance production without considerable investment . This is a crucial task and the initial step towards Industrial Internet of Things (IIoT),” he said.

Precise control of the implemented technological process will further improve machine performance by 8-12 per cent,” said Andrey Lovygin, Director, International Business Development, Zyfra.

Founded in November 2017, ZYFRA currently operates in Bulgaria, Finland, apart from India and Russia. The company is connected to over 7,000 CNC machines.

Published on September 16, 2018

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