Industry 4.0 : 10 startups that lead the way
The industrial sector has been a pillar of the global economy for a couple of centuries. A lot of the commonly used methods and tools were pioneered decades ago. Traditionally the IT teams and Operations teams would hardly speak to one another.
But digital transformation has also now been reaching the manufacturing floor in order to provide visibility and remote management tools, including implementation of predictive maintenance: in the second quarter of 2020, global manufacturing output declined noticeably, namely by 11.2 per cent in a year-over-year comparison because of the pandemic (1).
The companies that presented their solutions during the Innovation Partnership Forum of November 2020 shared their perspective of the benefits they are bringing to the industrial players, to create a groundbreaking vision of what the Industry of tomorrow will look like.
Improving on-site operations through digitalization
First of all, start-ups and scale-ups presented game-changing solutions for on-site operators and technicians, connecting the physical with the digital world.
Deepomatic, for example, created an app to analyze installations through the technician’s phone camera, sharing feedback on the conformity of the installations.
Other startups also make use of the technicians’ smart cameras, like M-Cador, Fieldbox.ai or Eyesnap. The former instantly spots defects that are hard to detect. The second predicts failure by using video or audio signals to adapt the industrial machinery and prevent losses. The latter detects the smallest deviation from normal in complex industrial sites thanks to 360° video.
Another way to improve on-site performances is to modernize IT services by implementing mini clouds locally, that’s what Viciniti offers.
A better structure for better performances
New solutions have also been created for the structure and methods of production in industrial companies. Nowadays, even your toaster can give out personal information to hackers.
Red-alert Labs support industrial companies in their cybersecurity improvement, adapting their approach to the type of device produced and regulations in place.
The HR departments also evolve with Gleechi, for instance, whose virtual reality solutions enable learning at scale for industrial employees, while the Shariiing platform, by Immersion, fosters creativity and facilitates remote collaboration within multidisciplinary teams.
Finally, the future of industry will see loss of neither knowledge or data : Geeglee brings its platform to capitalize on a specific know-how and use it to explore engineering design improvement opportunities, while Numalis uses AI to validate the data collected and increase the reliability of the insights it provides.
In conclusion, the future of the Industry will rely on technologies that create a safer and more efficient environment at work, on-site and off-site. This means time saved, costs avoided, happier employees and products of better quality. Tempting, right ? No need to wait for long though, thanks to these startups, this future is within reach already…
1. United Nations Industrial Development Organization, World Manufacturing Production Report 2020