Mitsubishi Electric Corporation announced that its subsidiary, Mitsubishi Electric India Pvt Ltd., will acquire a stake in Gervigreind Data Science Pvt. Ltd. (operating as “Itanta Analytics”). This partnership aims to jointly develop and market no-code data analysis and report generation applications. Through this collaboration, Mitsubishi Electric seeks to enhance its factory automation (FA) digital solutions and support the digital transformation of manufacturing sites by integrating its FA equipment and software with the new partner’s efficient applications.
The applications will be designed to work seamlessly with Mitsubishi Electric’s FA systems and GENESIS64TM, a supervisory control and data acquisition (SCADA) software from ICONICS, Inc., a subsidiary based in the U.S. The focus is on creating digital solutions that utilize straightforward no-code engineering. By leveraging Gervigreind’s expertise in application development, Mitsubishi Electric intends to expand its global FA digital solutions business.
As part of its commitment to becoming a “Circular Digital-Engineering” company, Mitsubishi Electric is investing in partnerships with software firms to enhance automation and digitalization across various manufacturing processes, including design, production, testing, operations, and maintenance. This approach aims to deliver top-tier products and solutions to customers.
is investing in partnerships with software firms to enhance automation and digitalization across various manufacturing processes, including design, production, testing, operations, and maintenance. This approach aims to deliver top-tier products and solutions to customers.
The manufacturing industry has recently faced challenges such as rising capital and labor costs, evolving customer demands, and the necessity for improved productivity. In response, manufacturers are increasingly adopting digital technologies and data-driven solutions. There is a significant demand for user-friendly software, particularly in India, where manufacturers seek tools that streamline system construction without requiring complex programming, amid a backdrop of government support for growth but rising labor costs and shortages.
Looking ahead, Mitsubishi Electric is dedicated to fostering open innovation by collaborating with pioneering companies and advanced technologies. Through various partnerships, the company aims to develop robust solutions and drive continuous improvement to tackle the challenges confronting manufacturers.
