The market for IoT in manufacturing was valued at $205.8 billion in 2021 and is anticipated to grow to $1.52 trillion by 2030, with a CAGR of 24.91 percent from 2022 to 2030. Industrial IoT turns crucial production data collected by a sensor network into actionable knowledge about how well industrial processes operate by using cloud software. Asia- Pacific has maintained a dominant position and is expected to continue this trend throughout the projected timeline. The IoT in the manufacturing market is expected to grow quickly in the next few years as a result of the region's continuing economic growth, aging work force, and rising use of tablets and smartphones for work-related activities. Enterprise mobility solutions will need to be modified as a result to satisfy the growing demand for securing and protecting critical information. The region's rising rates of individual digitalization, industrial automation, and governmental initiatives to promote technology use are the main forces behind this steep increase in APAC. The Internet of Things (IoT) solutions market for the manufacturing industry in India is expected to grow significantly in the coming years. Wimate Technology Solutions is a leading firm in this space, founded by three friends with a shared passion for solving complex problems using technology.
The Differential Solutions
The Wimate team offers a variety of solutions for all client demands in the field of IoT in manufacturing, bringing a combined team expertise of over 200 years. The firm's solutions are all in line with its goal, vision, and values. “Our vision is to be the global leader in making people’s lives easier. Our mission is to make highly effective IoT-based projects by building user-friendly and affordable solutions using latest technology, and our core values are rooted in the principles of integrity, excellence, agility, and ownership”, shares Aneesh Parameshwar, CEO.
The firm’s solutions are intended at resolving not only the common concerns that clients have in this domain but also to offer high-quality services to address issues that are not catered to by other players in the industry. Reliability, security, the efficiency of processes, and user-friendly interface creation are some common issues faced by clients, and Wimate seeks to address these concerns.
To resolve these issues, the firm has taken various well-structured initiatives, while reliability in forming the core of operations has led Wimate to invest in advanced technologies which have been proven to be highly effective. On the issue of security, Wimate has implemented robust security measures to prevent cyber attacks.Measures like stringent password protection policies, and frequently updating software have proven to be very helpful.
To tackle efficiency, the team at Wimate has identified opportunities to streamline the processes and remove any unrequired processes to save time and reduce waste. Lastly, the firm ensures that the user experience is hassle-free and smooth, and the interface is easy to navigate. “It's important to note that while Industry 4.0 technologies can offer many benefits, it's also important for businesses to carefully consider the potential risks and challenges that may arise when implementing these technologies”, shares Narendra Kale, Co-Founder.
The Approach
To achieve its goals, the firm adopts a strategic plan of action. Wimate establishes precise quality standards for goods & services in order to act as a benchmark for quality assurance examinations. Additionally, they set up a robust quality control system that entails routine inspections to ensure that the goods or services comply with the established quality standards. The firm also gathers customer feedback to identify any areas for quality improvement.
“We have set unambiguous quality standards for our goods & services, which are shared with all team members and utilized as a guide for quality control inspections. In order to guarantee that the product or service fulfills the defined quality requirements, we have also built a strong quality control method that involves routine inspections at all stages of the production and service delivery process. Next, we regularly collect customer feedback to spot any areas where the quality could be improved. This feedback is used to detect and resolve any potential issues or to modify the quality control procedure. Last but not least, we periodically evaluate the efficiency of its quality control process and make changes as needed to continuously improve”, shares Narendra.
Wimate SaaS enables businesses to connect, manage, & analyze data from their hardware & infrastructure
In addition to setting these standards, the firm also follows some specific checkpoints, which every product must pass through to ensure quality. Raw material inspection is the first of these checks. The team at Wimate inspects the raw materials to ensure that they meet the required standards of quality and that no defective product goes unchecked. This is followed by an in-process inspection, wherein several checks are performed at various stages of the production process. This helps the firm to constantly monitor the progress of the manufactured products and identify gaps as they occur. A final inspection is performed before the products go for testing. This final inspection ensures that the finished products meet the standard requirements of quality. Testing of various aspects of the product's performance and durability is performed to ensure the end product is manufactured as intended. These tests are automated and eliminate the scope of human error.
Differentiating Propositions
Wimate SaaS enables businesses to connect, manage, and analyze data from their hardware and infrastructure. The company's USPs include providing a universal SaaS platform with a single login to control Energy, HVAC, and Manufacturing machines like CNC, Pressing Welding, and 3D printing machines. Modern technology-based customization options that reduce configuration time while yet meeting clients' individual needs for visualization, and smooth navigation between equipment, departments, and facilities is made possible by intuitive user experience design. In the age of information overload, automatic alerts with escalation and email reports make sure the user never misses a crucial piece of information out of millions of data points.
Future Blueprint
The company's growth journey has been difficult because there wasn't much information about industry 4.0 in the beginning. But by sticking to its principles and vision, it has emerged as one of the most important collaborators for illustrious companies. “State-of-the-art technology and the quality of work created word-of-mouth publicity which helped us gain the trust of big companies like IBM, Bosch & Mitsubishi. Now, we are proud to say that we are the leading turnkey solution provider in India and we are eyeing the world stage. We have 200+ clients in India and have installed our products in Thailand and US. COVID-19 pandemic forced the industry to look into digitalization seriously due to the sudden shortage of skilled manpower”, shares Narendra. With a spectacular track record and a solid work culture based on ethics and sincerity, the firm is on the path to becoming the top solutions provider in this industry.
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