17 Jun 2021Industrial
This week in Industrial: Cloud manufacturing & factory process optimization gives big boost to business outcome predictability

Latest Industry Insights from Draup Braindesk

Industrial & Manufacturing: The ability of cloud computing to automate the industrial manufacturing process with the help of IoT is the primary growth factor of the global industrial cloud market. 

  • Cloud solutions enable manufacturers to seize benefits around cost reduction, flexibility, and new digital and smart capabilities. Cloud computing in production results in high-performance, transparent synchronization of all relevant data, which can be displayed according to user roles.  

  • Cloud computing also helps manufacturers use many new production systems, from 3D printing and high-performance computing (HPC) to the Internet of Things (IoT) and industrial robots. Moreover, cloud computing democratizes access to and use of these technologies by small manufacturers. 

Major players use cloud computing in the industrial and manufacturing industries to optimize factory operations, increase efficiency, and provide more transparent and predictable business outcomes. 

COVID Impact: 

➢ Increased focus on resource optimization, energy efficiency and production costs, strategic partnerships and collaborations, and advancement in cloud computing technology are the factors driving the growth of the industrial cloud platform market.  

➢ Shortage in the skilled technical workforce and project funding are restraining the industrial cloud platform market. The convenience of platform-based deployment acts as an opportunity. Data privacy and security is one of the challenges faced by the industrial cloud platform market. 

Factory Process Optimisation

Google Cloud partnered with Siemens to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and AI/ML technologies with its factory automation solutions to help manufacturers innovate for the future. 

Business Expansion: 

Parker Hannifin Corporation acquired the assets of Silver Cloud Manufacturing, a maker of electromagnetic and radio-frequency-interference shielding products and display filters for various electronics applications. 

Cloud Manufacturing Platform: 

AnyMind Group, a software solution provider, announces the launch of AnyFactory, a cloud manufacturing platform to bring individuals and businesses together. The software would allow the industry to produce various products in the minimum amount of time and with better quality. 

Manufacturing Cloud Platform: 

Salesforce has announced Manufacturing Cloud, the industry-specific product that will align sales and operations to deliver more transparent and predictable business outcomes. The new solution will offer a unified view of the market and customer demands to forecast, plan and drive predictable business performance. 

Cloud Platform

Microsoft has announced the launch of a cloud platform dedicated to the manufacturing sector. The new Microsoft Cloud for Manufacturing, which will be available for public preview by the end of June 2021, is intended to support the industry’s core processes and needs. 

Latest Reports Published in Draup

Sandvik account intelligence report: Sandvik intends to control and present insights into underground operations of mining using wireless IoT connectivity. The company’s focus is on increasing productivity and energy efficiency, improving safety, and leveraging the opportunities arising with digitalization and automation. Read More>>
LAM Research Corporation account intelligence report: LAM Corporation’s digital initiatives focus on improving its Memory Devices architecture. Through this model, LAM Research Corporation will position its future goals in enhancing its capabilities across digital offerings. Read More>>

Key Funding Alert

Rockwell invests in PCB motor firm in USD 40 Mn funding round 

Rockwell has taken an equity stake in Infinitum Electric. Infinitum will use the fund to expand the production of its IEs Series motors for commercial and industrial applications and to complete the development of its IEm Series motors for the electric vehicle market. Read More>>

Startup Spotlight

Company –  BCN3D
HQ Location –  Barcelona, Spain 
Total Funding – USD 6.25 Mn
Year of Inception – 2019
About: BCN3D aims to change the traditional manufacturing status quo by providing reliable, versatile, and easy-to-use products to empower innovators and creatives to implement all the technology benefits to their businesses. Read more>>

Key Insights and Signals in Industrial

Centre Setup and Expansion
DMG Mori to build a new production plant in Egypt 
The company’s cutting-edge production shows the full potential of holistic technology solutions: flexible automation, end-to-end digitization, and state-of-the-art flow assembly with AGV transport systems (automated guided vehicles). Read More>>
Vertiv announces new upgrades to industry-leading micro data center solutions for edge applications 
Vertiv, a global digital infrastructure provider, introduced the Vertiv VRC-S, a fully factory-assembled micro data center designed for fast and easy installation at the edge of the network and other small IT sites. Read More>>
Deals and Deal Renewal 
Jabil selects Cogiscan for SMT machine connectivity to accelerate digital transformation strategy 
Cogiscan announced a corporate-wide global machine connectivity initiative for Jabil as part of Jabil’s digital transformation strategy. They have chosen to install Cogiscan’s Co-NECT technology on 2,000+ SMT machines globally. Read More>>
APC by Schneider Electric seals distribution deal with MMEM 
Schneider Electric says that the partnership enables the full range of the APC portfolio to be available at 17 MMEM branches across Australia in the initial stage by supporting data centers and industrial edge applications. Read More>>
Partnerships
Grundfos and Baseform formalize strategic partnership 
To provide the best analytics for the utility’s business outcomes, enhance individual human experience and judgment, and leverage our ever-growing data pool. Read More>>
Materialise and EOS announces 3D printing first with Airbus 
With fellow 3D printing leader EOS, the company qualified to manufacture flight-ready parts for Airbus using EOS’s laser sintering technology, specifically the EOS P 770, and a flame-retardant polyamide (PA 2241 FR) powder. Read More>>
Rockwell Automation and Comau partner to simplify robot integration for manufacturers
Industrial companies are looking for efficient ways to integrate robotics into their operations for process optimization and agility. Read More>>
Mergers and Acquisitions
Welbilt gets USD 3.3 Bn bid from Italy’s Ali Group 
Italy’s Ali Group made an all-cash offer to buy the company for USD 23 a share earlier this week. Read More>>
Keysight acquires Quantum Benchmark 
Santa Rosa-based Keysight Technologies announced it purchased a Canadian firm that provides software for “error diagnostics, error suppression, and performance validation software for quantum computing.” Read More>>
Executive Movement
Hamilton launches US Allied Medical with new hire from RCM&D        
In this newly created role, Kevin Price has responsibility for building out the US-based book of allied medical liability insurance business, leveraging Hamilton Insurance DAC, the company’s platform supporting US E&S lines that share its rating of “A-” by A.M. Best Company, Inc. Read More>>
Sika UK appoints new General Manager 
Sika promoted Tom Forsyth to the role of General Manager to build on the company’s continued growth. Read More>>
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