Optimon: Smart Manufacturing Solutions Facilitating Accurate Industry 4.0 Implementations

Srinivas Kallakurchi, President & Chief Strategy Officer | Wednesday, 17 April 2024, 12:46 IST

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Srinivas Kallakurchi, President & Chief Strategy OfficerThe Smart Manufacturing market is projected to soar from $141.39 billion in 2024 to $279.23 billion by 2029, with a CAGR of 14.58 percent, as per Mordor Intelligence. This growth underscores the shift towards interconnected processes and the critical role of information delivery in enhancing decision[1]making, cost management, and operational agility.

In India, the advent of IoT, AI, and data analytics is driving the smart manufacturing sector towards unprecedented excellence. Multinational companies are stepping in with comprehensive Industry 4.0 solutions aimed at digitally transforming manufacturing operations. Yet, the path to full implementation is fraught with operational hurdles, often exacerbated by a one-size-fits-all approach that fails to account for unique client needs. Recognizing this gap, Optimon (a Smart Manufacturing Platform from Choice Solutions) was founded to provide tailored support from project start to finish, ensuring not just implementation but also client understanding of the technology for maximized operational capabilities.

Optimon, a Smart Manufacturing platform from Choice Solutions, revolutionizes manufacturing by integrating IoT, AI, data analytics, and cloud computing into existing frameworks. This fusion turns traditional factories into adaptive, efficient networks that bolster innovation and operational efficiency. Srinivas Kallakurchi, President & Chief Strategy Officer at Choice Solutions, highlights Optimon's impact: "By leveraging data analytics for real-time insights, Optimon empowers manufacturers to swiftly adapt, strategize, and enhance production efficiency. This capability is key to optimizing processes, reducing downtime, and making informed decisions, which in turn, boosts productivity and global competitiveness."

Manufacturing Digitization

Optimon redefines smart manufacturing by seamlessly integrating technology such as autonomous systems, augmented analytics, IoT for digital twins, edge computing, and immersive tech. This comprehensive approach creates a manufacturing environment that's not just efficient and adaptable, but also highly interactive and automated.

The platform leverages advanced sensors and immersive tech to deliver precise insights for better decision-making, streamline production changes, and lower operational costs. It orchestrates key areas like planning, logistics, and customer service to maximize efficiency. Real-time data and predictive analytics from Optimon offer immediate problem-solving, foresee potential equipment issues, and enhance resource management, driving continuous innovation and quality improvements in manufacturing. Srinivas encapsulates the impact of Optimon:  "Leveraging AI for predictive maintenance, supply chain efficiency, and quality assurance, Optimon propels manufacturing precision and operational excellence to new heights, marking a significant leap in the industry." Industry experts suggest that leveraging data analytics for real-time insights through platforms like Optimon could enable manufacturers to reduce operational downtime by an average of 25 percent and boost production efficiency by up to 15 percent.

"In a world filled with challenges, solutions can be - simple or complex, & we consistently choose the path of simplicity"

Scalable Cloud Architecture

Optimon's cloud architecture facilitates horizontal and vertical scaling, accommodating fluctuating workloads efficiently while ensuring performance and cost optimization. Leveraging serverless computing, it enables automatic scaling, high availability, and cost efficiency, supporting agile development and innovation. “Optimon brings various use cases to life with solutions by providing customized Industry 4.0 solutions tailored to the unique requirements of various industries, including Pharmaceuticals, Chemicals, Petroleum, Automotive, Plastics, and many others, ensuring these sectors can fully harness the benefits of smart manufacturing, and digital transformation”, said Srinivas.

IT/OT Alignment

The integration of Information Technology (IT) and Operational Technology (OT) in Smart Manufacturing, exemplified by platforms like Optimon, is crucial for the modern industrial sector's evolution towards enhanced efficiency, agility, and innovation. Optimon represents a sophisticated approach to bridging the gap between data analytics and industrial control systems, facilitating real-time decision-making, predictive maintenance, and optimized production processes. This integration is vital for harnessing the full benefits of Industry 4.0, ensuring seamless communication between the factory floor and enterprise-level IT systems, thereby eliminating operational silos and promoting a unified operational perspective.

Furthermore, companies such as Choice Solutions have been instrumental in seamlessly merging technology with business strategies to minimize success risks and enhance adoption rates. Through their expertise, Choice Solutions illustrates the significant role of strategic IT/ OT integration service providers in guiding industries through their digital transformation journeys. The company's contributions underscore the importance of IT/OT alignment in not only streamlining manufacturing processes but also in ensuring businesses stay competitive in an ever-evolving technological landscape.

Providing Sustainable Growth

Optimon leads the way in sustainable growth by prioritizing energy efficiency across its smart manufacturing and supply chain management solutions. It is committed to responsible sourcing and forging partnerships with environmentally conscious entities. In its quest for green manufacturing, Optimon integrates advanced, energy-efficient practices in factory operations, focusing on paperless processes, standardization, and the seamless integration of IT and Operational Technology (OT) for AI and IoT-driven autonomous production.

A distinctive feature of Optimon’s suite of solutions is its innovative approach to optimizing the highest energy consumers in the manufacturing sector, notably HVAC (Heating, Ventilation, and Air Conditioning) operations. By intelligently managing HVAC systems, which are critical yet substantial energy users, Optimon’s innovative HVAC optimization has resulted in a 8-15 percent reduction in energy consumption for manufacturing clients, contributing significantly to their sustainability goals by lowering CO2 emissions by an estimated 10,000 tons annually.

The platform also excels in improving the environmental footprint of process manufacturing by offering detailed insights into CO2 emissions and ensuring ethical sourcing. It places a strong emphasis on sustainable product design, considering energy consumption throughout the product lifecycle, thus minimizing waste and encouraging recycling. Optimon nurtures a sustainability-oriented culture within organizations through employee involvement and community engagement, highlighting the importance of clear sustainability reporting to demonstrate commitment to eco-friendly practices.

Srinivas asserts, "Through its pioneering solutions, especially in the realm of optimizing energy-demanding HVAC operations, Optimon is guiding enterprises not merely towards operational supremacy but also towards a future where sustainability, responsibility, and energy efficiency yield a substantial return on investment, thus affirming our unwavering dedication to environmental guardianship."

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