Mitsubishi Electric

 

Mitsubishi Electric enables new business models using digital twin and IoT

19/09/2019 08:37:44
 
 
Download Press Release
English
ImagesClick Image for 300dpi jpg fileMitsubishi Electric enables new business models using digital twin and IoT

An effective IoT enabled software platform is essential for production companies to coordinate and manage digital transformation. The solution ‘Elements for IoT’ from CONTACT Software, a new member of Mitsubishi Electric’s e-F@ctory Alliance offers just that. Data transparency for individual machines and devices across multiple locations allows for efficient planning, management and predictive maintenance.

Digitalisation of manufacturing, using tools such as CONTACT Elements for IoT, offers improved ROI for automation investment by increasing production uptime using predictive maintenance. It also creates an opportunity for new business models, such as machine as a service and service contracts based on predictive maintenance, which are driven by live information and intelligent systems.

Using Elements for IoT software, the complete lifecycle of machinery can be managed from a single reference point. Starting with CAD files of the equipment, a virtual operational model is built-up, and then connected to a physical production site.

Live data from machine tools, robots, PLCs and other Smart devices is used to create a digital twin. The twin is then used to achieve maintenance on-demand, it can reliably predict service requirements, improving operational efficiency and reducing downtime. Parameterising connections to the machines makes it easier to transfer useful live information without additional programming, making full use of the improved data transparency.

CONTACT Software joining the e-F@ctory Alliance adds another strong partner to the IT / OT solutions portfolio of Mitsubishi Electric, which already includes industry leaders such as SAP.

Image 1: CONTACT Software joining the e-F@ctory Alliance of Mitsubishi Electric creates an opportunity for new business models.
[Source: Mitsubishi Electric Europe B.V. & CONTACT Software]

The image(s) distributed with this press release are for editorial use only and are subject to copyright. The image(s) may only be used to accompany the press release mentioned here, no other use is permitted.

All third party trademarks and/or registered trademarks are the property of their respective owners and are acknowledged.

Note to Editor: if you would like the text in another language please contact Philip Howe at DMA Europa – philip@dmaeuropa.com.

About Mitsubishi Electric

With nearly 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognised world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, as well as in products for the energy sector, transportation and building equipment.

With around 145,817 employees the company recorded consolidated group sales of approximately 40.7 billion dollars* in the fiscal year that ended on March 31, 2019.

Our sales offices, research & development centres and manufacturing plants are located in over 30 countries.

Factory Automation EMEA

Mitsubishi Electric Europe B.V., Factory Automation EMEA has its European headquarters in Ratingen near Dusseldorf, Germany. It is a part of Mitsubishi Electric Europe B.V., a wholly owned subsidiary of Mitsubishi Electric Corporation, Japan.

The role of Factory Automation EMEA is to manage sales, service and support across its network of local branches and distributors throughout the EMEA region.
*Exchange rate 111 Yen = 1 US Dollars, last updated 31.03.2019 (Source: Tokyo Foreign Exchange Market)

Editor Contact

DMA Europa Ltd : Philip Howe
Tel: +44 (0)1562 751436 Fax: +44 (0)1562 748315
Web: www.dmaeuropa.com
Email: philip@dmaeuropa.com

Company Contact

Mitsubishi Electric Europe B.V. : Monika Torkel
Tel: +49 (0)2102 486-2150 Fax: +49 (0)2102 486 7780
Web: eu3a.mitsubishielectric.com/fa
Email: Monika.Torkel@meg.mee.com

 
  [ Back ]  
About the DMA Group Click to Read More