Two Asia based tech companies, Toshiba Digital Solutions and Tech Mahindra said that they will work together to help manufacturers adopt integrated smart factory solutions across production lines. The basic idea for this collaboration is that to expand business in the smart factory market.
"Our integration capability in information technology and operational technology, and global experience in Manufacturing Execution System and allied systems would make us an ideal partner for companies embarking on their journey of digital transformation," said Karthikeyan Natarajan, Senior Vice President and Global Head, Integrated Engineering Solutions at Tech Mahindra.
While Tech Mahindra, which has its headquarter in Mumbai has been building capabilities through a mix of organic and inorganic means, Toshiba has already developed "Meister" series, which is considered as a next-generation manufacturing solution.
"Toshiba IoT Architecture SPINEX, the series collects, accumulates and utilises IoT data generated on production lines to optimise manufacturing processes, improve quality and productivity and provide support throughout business lifecycles," said Shunsuke Okada, Vice President, Industrial Solutions Division, Toshiba Digital Solutions
"Teaming up with Tech Mahindra will expand the availability of Toshiba's smart factory solutions to serve customers in different regions of the world more efficiently," Shunsuke further added.
In the first half of its financial year, Japan's Toshiba Corporation had faced a net loss of 49.8 billion yen ($438 million) but in 2016, during the same time, it had received a profit of 115.3 billion yen. However, the hike in the operating income was 231.8 billion yen, which became a record figure for the company.
The net sales also jumped to 2.4 trillion yen, which has been attributed to the higher sales of its storage and electronic devices, although the company registered lower sales in the energy and infrastructure sectors.