Finland-based ZYFRA will help China facilitate New Silk Road with digital solutions

Finland-based company ZYFRA, specializing in Artificial Intelligence (AI) and Industrial Internet of Things (IIoT) based solutions for the industries is coming to Shanghai to present at China International Import Expo (CIIE).

Finland-based company ZYFRA, specializing in Artificial Intelligence (AI) and Industrial Internet of Things (IIoT) based solutions for the industries is coming to Shanghai to present at China International Import Expo (CIIE).

As the Expo kicks off on November 5, the world leading companies for trade and development will present their products and solutions for the “Belt and Road” initiative.

“Chinese steel making industry sector makes its 50% of a global production. We at ZYFRA are seeing a greater potential for digitalization of Chinese steel making industry as well as manufacturing industries and mining. At CIIE there will be a lot of opportunities for us. As Chinese “Belt and Road” initiative is unprecedented global infrastructure project, there is a dramatic need for new technologies to facilitate this project. And here is where we at ZYFRA are seeing a prosperous future for China and Finland in their joint development,” – said Maxim Mikhailov, ZYFRA’s Director for Business Development in China.

The company has already started negotiations with Chinese major steel making producers. Earlier in October this year company representatives paid their visit to Beijing and Shanghai and signed a number of MOU with country’s major steel industry players. ZYFRA plans to launch several joint projects on digitalization of production facilities in China by the end of 2018.

At CIIE ZYFRA will introduce its Real-time machine data collection system MDCplus that can be used to track jobs, operations, work centres, scrap, costs, downtime and people. It will also demonstrate its Industrial AI-solutions that can either predict quality and product properties, or recommend process settings and material usage. The company is applying cutting edge data science combined with industrial expertise to provide end-to-end solutions for optimizing production speed, quality, and costs for industries such as machinery, metallurgy, oil and gas and mining.

“Smart manufacturing (the term refers to IoT and AI) is projected to grow noticeably in the 3 to 5 years. Recent surveys showed 92% of senior manufacturing executives believe that "Smart Factory" digital technologies such as artificial intelligence will allow them to improve their degrees of productivity and empower their staff to work more intelligently. Some even account for smart manufacturing market volume to increase to over $320 billion by 2020,” said Mr. Andrey Lovygin, International Business Development Director of ZYFRA.

At its show-bench the company will offer Expo visitors a steelmaking challenge on its simulator in a “man VS machine” format, where one will be able to find out whether he or she could do the job better than an AI.

ZYFRA, founded in November 2017, currently operates in Bulgaria, Finland and India. The company connected over 7,000 CNC machines. ZYFRA technologies allow customers to drastically boost machinery utilization efficiency and improve the accuracy of product quality prediction. With its software, hardware and services a customer can transform his production into digital.

For reference:

Evolutionary development of industry from mechanization to industrialization, and then from automation to Industry 4.0 is characterized by the massive use of various sensors for the collection and exchange of information integrated with intelligent systems.

The Industrial Internet of Things (IIoT) is a computer network consisting of elements of industrial equipment, scientific tools, equipped with technologies of interaction with each other and the external environment. The goal of the Internet of Things is to change the technological and business processes in such a way as to increase their efficiency and significantly reduce the need for human participation in making routine decisions related to the management of objects in such networks. In a general sense, IIoT can be equated to fully automate digital production.

The introduction of such technologies will enable enterprises from different sectors of the economy to increase the efficiency of the use of production assets, for example, by reducing the number of unplanned outages, forecasting and preventing emergency equipment failures, increasing energy efficiency through more economical use of energy, guaranteeing stable output quality, and ultimately increase productivity.