Bosch engineering arm unveils smart platform for SMEs

Image
IANS Bengaluru
Last Updated : Nov 30 2018 | 3:40 PM IST

Robert Bosch Engineering and Business Solutions Ltd on Friday unveiled an intelligent platform called 'Phantom' to enable Small and Medium Enterprises (SMEs) migrate to Industry 4.0 version.

"The Phantom platform makes SMEs use advanced data analytics, machine learning and automation for switching over to Industry 4.0 version," said the subsidiary of German industrial behemoth Bosch GmbH at a tech event here.

The platform supports SMEs to draw digital roadmaps for manufacturing plants, machine intelligence and energy analytics.

"Phantom improves the efficiency of the SMEs with a retrofit solution installed in a machine, gathers production patterns and provides insights on its usage, benchmarks, trends, losses and best practices," said company Vice President K. Swaminathan at its preview at the Bengaluru Tech Summit.

The platform also provides inputs on safety, machine maintenance and early warnings on malfunctions.

"Each entrepreneur will have a dedicated portal to catalogue his journey, knowledge and his position in the industry through the platform benchmarks," said Swaminathan.

The digital solution provides consulting and advisory support for SMEs to be on par with industry practices, access frameworks, methodologies, processes and tools.

"Phantom will help SMEs jump start their digital transformation. Our vision is to provide smart solutions to the SMEs," company Managing Director Vijay Ratnaparkhe said.

As an ecosystem on the cloud and on-premise for manufacturing efficiency, real-time alerts and notifications for actionable insights, the platform's portal and dashboard offers visibility of factory operations, worker productivity and machine effectiveness.

"Phantom automates data capture and provides timely, bias-free, accurate data that form the basis for managers to set targets, track performance, analyse and improve on a continuous basis," said Ratnaparkhe.

Terming the platform that lasts for a product lifecycle, company's digital labs head Uday Prabhu said the benefits of the Industry 4.0 version would be realised after a seamless integration of the value stream, including partners such as suppliers and logistics providers.

"SMEs can get on the platform and pace their shift to Industry 4.0 and strive for global competitiveness in cost and quality," said company Vice President Dattatri Salagame.

The platform has been designed for multiple industries to go digital through customised advisory sessions, consulting workshops and a content rich portal.

As a global supplier of technology and services, Bosch offers engineering, IT and business solutions to diverse industrial verticals.

With 19,500 techies, the Indian arm is the largest software development centre of Bosch outside Germany, with a global footprint and presence in the US, Europe and the Asia-Pacific region.

--IANS

fb/ksk/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 30 2018 | 3:36 PM IST

Next Story