Till now, technology has been used primarily for running and managing businesses, however, IOT is transforming the way organizations in different industries are doing business including the manufacturing companies. IOT aids in data collection from various sources such as production, quality, utilization, consumption, operations and more, and utilizes it to refine and streamline the manufacturing processes. It can have a profound impact on manufacturing firms by allowing them to plan, control, integrate and optimize various processes by creating an interconnected network of machines, systems and humans. Manufacturing companies have realized that they can significantly improve and gain visibility in the market by providing a digital identity to their physical assets with IOT based solutions.
Based out of Punjab, HIS Group is a leading firm established with a mission to create digital solutions for brands that would drive impactful growth. The manufacturing industry has been driven by innovations and technology conventionally and is undergoing the fourth industrial revolution or Industry 4.0. HIS Group through technology advancements in manufacturing has enabled revolution by managing industry data and by creating industrial IOT platform for manufacturing and industrial analytical application. The organization offers various services such as Production Management Solution, Predictive Maintenance Solution, Energy Management Solution,
Utility Monitoring, Plant safety, Warehouse Management Solution, Digital Signage, Augmented Reality, CNC Monitoring and Statistical Process Control System.
Leveraging IOT for Solutions
What differentiates HIS Group from other players in the market is that its solutions and software have all the components which are required for an industry like production, maintenance (system, preventive and warehouse maintenance). Unlike its competitors, the organization doesn't import solutions therefore making them cost effective. “IOT solution enables the development of intelligent factory solution with the use of sensor devices, edge intelligent gateways, IOT software platforms and IOT ready solution suite. The data acquired through this enables production monitoring, data integration with MES and visualization on the dashboard to facilitate optimum production and decision making”, says Rohit Dindha, Buisness Development Executive, HIS Group.
The firm aims to develop automated guided vehicles, launch metaverse based digital twins, utilize augmented reality & virtual reality & develop ML/AI algorithms to help enhance productivity in manufacturing industry
HIS Group has been working with automobile industry, textile industry and pharmaceutical companies in manufacturing sectors and has managed to attain clientele with elite brands like JBM Group, Sona Comstar, Vardhman Industries, TVS Motors, Tafe Tractors, Kubota Escorts, to name a few. This adoption of IOT enables manufacturing units to automate their processes and is used for reducing cost, shorter time to market, mass customizations and improve safety. “Our software helps brands increase productivity by 10- 15 percent and improve quality by 10 percent and reduce waste by 19-20 percent. It has been offering smart factory solutions for the shop floors that are customized to redefine operations that gives us leading edge”, speaks Rohit.
Robust Roadmap
The growth potential is immense for IOT based products in today’s market. The global IOT in manufacturing market size was valued at $50 billion in 2021 and is projected to grow to $87.9 billion by 2026, at a CAGR of 11.9 percent during the forecast period. HIS Group has seen steady growth and has managed to establish institutions all over India and is looking forward to leverage technology to develop numerous new products. In coming times, the firm aims to develop automated guided vehicles, launch Metaverse based digital twins, utilize Augmented reality and virtual reality and develop ML/AI algorithms to help enhance productivity in manufacturing industry.
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