Tech Mahindra sets up ‘Factory of the Future’ lab in Bengaluru   | business-news | Hindustan Times
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Tech Mahindra sets up ‘Factory of the Future’ lab in Bengaluru  

business Updated: Mar 09, 2017 06:43 IST
PTI
Tech Mahindra

Tech Mahindra campus(Livemint)

Tech Mahindra today announced that it has set up a “state-of-the-art” lab at its campus here, 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 company said in a statement here.

It also said the lab will demonstrate solutions and products built in association with many leading software and hardware vendors, adding that 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 organisations.

“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,” Tech Mahindra President and COO L Ravichandran  said.

“As a trusted Digital Transformation partner for client organisations, we have taken lead in these areas and have invested in building capabilities to harness the  opportunities,” he said.

Manufacturing or industrial segment is the one where the impact of technology is much more visible than others, the company added.

It further said 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 backbone of 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, it added.

“The infrastructure and the assets in the lab are  already being monetised to create customer-centric solutions  and we already have some references while some of the customer use cases are being tested,” Tech Mahindra Senior VP and Global Head of Manufacturing Aloke Palsikar said.

Co-innovation is one area where the company is making  significant bet to develop solutions that are deeply aligned  with the customer’s requirements, Tech Mahindra said.