Russian digital solutions vendor ZYFRA has announced its plans to enter markets of Indonesia as early as 2019.
According to McKinsey, by going digital, Indonesia can unleash the next level of economic growth—to the tune of US$150 billion in annual economic impact by 2025 and 10% of GDP annual growth. Digital technologies offer ways to boost productivity across sectors and expand participation in the economy to all segments of the population. For Indonesia the most disruptive changes are expected in 4 sectors: healthcare, retail, energy and mining.
The company currently operates in Finland, China, Russia, Bulgaria, and India, and its platform connected over 7,000 CNC machines across the countries. By the end of 2018 more than 200 production facilities are equipped with its products.
Smart manufacturing (the term refers to IoT and AI) is projected to grow noticeably in the 3 to 5 years. Recent surveys showed 92% of senior manufacturing executives believe that "Smart Factory" digital technologies such as artificial intelligence will allow them to improve their degrees of productivity and empower their staff to work more intelligently.
"Some even account for smart manufacturing market volume to increase to over $320 billion by 2020," said Igor Bogachev, CEO of ZYFRA Group.
By now the company offers global market its real-time machine data collection system MDCplus that can be used to track jobs, operations, work centres, scrap, costs, downtime, and people. It also provides its clients with Industrial AI-solutions that can either predict quality and product properties or recommend process settings and material usage. The company is applying cutting edge data science combined with industrial expertise to provide end-to-end solutions for optimizing production speed, quality, and costs for industries such as machinery, metallurgy, oil and gas, and mining.
Recently the company started its acquisition of VIST Group, one of the industrial leaders in development and implementation of information technologies for digital mining. Through acquisition (the one will be finished by 2020) of these assets the company is planning to occupy a significant share of global market and to compete with Catarpillar, Komatsu and other majors in certain aspects.
"Our view is that there's a tremendous opportunity for disruption in Industrial IoT and applied AI space, although it is still a nascent market to a larger extent," said Ilia Kreisel, Investment and IR Director at ZYFRA Group.