The first quarter. How does the Industrial Internet of Things (IIoT) enable modern companies to overcome the challenges posed by the pandemic, especially in manufacturing? A: Entering Industry 4.0 is already in the making, and the epidemic has further accelerated changes, forcing companies to carry out digital transformation. Given the unprecedented nature of the current era, IIoT is expected to help companies survive a series of crises: ensure business continuity during Covid-19; return to business with greater flexibility to help them thrive in the "new normal"; and finally , To improve and adapt to businesses in a world changed by the pandemic. Companies will increase investment in automation to cope with future epidemics and increase resilience. According to Vodafone’s 2020 IoT Spotlight Report, during Covid-19, 84% of companies that have started to adopt IoT technology found that it had a positive impact on their business.
Today's manufacturing industry aims to use the power of advanced technologies such as artificial intelligence (AI) and big data to improve the efficiency and productivity of supply chains and operations. In addition, companies connected through IIoT enjoy multiple advantages in ensuring business continuity, despite limitations, allowing more flexible workflow management to adapt to the "new normal" and encouraging innovation to increase productivity and output. At the same time, it enhances safety, reduces downtime, and significantly reduces maintenance costs. Q2. Given that the government is focusing on "Aatmanirbhar Bharat", how do you see the global and domestic IIoT opportunities?
Answer: Once the world enters the new post-Covid-19 business environment, with the release of pent-up demand and investment in new technologies, the global IoT market is expected to grow exponentially to minimize the impact of future outages. According to a report from the World Economic Forum, driven by applications such as industrial automation and predictive maintenance, the IIoT market is expected to grow at a compound annual growth rate of 16.7%, reaching USD 263.4 billion by 2027.
India also offers incredible opportunities for the digitization of manufacturing, and technology adoption rates in various industries have been high. According to a recent Deloitte survey, by 2020, the Indian Internet of Things market is expected to grow 7 times to reach US$9 billion, which has attracted the attention of the world's leading companies in IIoT.
With the emergence of the government's ambitious "Smart City Mission", industries such as utilities, manufacturing, automobiles, transportation and logistics can all see the adoption of the Internet of Things. This is a good start for an automated and more reliable ecosystem that will help Indian companies maintain global competitiveness and realize the government's vision of becoming an "Aatmanirbhar" (self-reliant) and global manufacturing center.
Q3. How does ExxonMobil help manufacturers remain competitive in a rapidly evolving environment?
Answer: At Mobil™ Lubricants, under the Mobil ServSM Lubricant Analysis (MSLA) program, we have created a journey to the world of digitally connected manufacturing through a wide range of technical services, providing companies with operational advantages. MSLA is designed to help operations teams optimize equipment maintenance schedules and machine availability, while it also provides insights to improve productivity and safety. In addition to providing a full range of hydraulic oils, compressor oils, gear oils and greases, Mobil also provides a series of technical services, such as hydraulic testing, energy efficiency research and IIoT insights, serving plastics, auto parts, cement, steel, and wind power Turbines, coal and gas turbines, etc.
Among these services, Mobil Serv IIoT Insights is a next-generation condition monitoring program that uses real-time information and actionable insights to transform oil maintenance through IIoT technology. Mobil Serv IIoT Insights can transform raw production data into actionable insights, and its AI/ML-supported functions can help manufacturing teams receive customized alerts, optimize energy consumption, measure equipment efficiency, and enable trend monitoring. Therefore, Mobil Serv IIoT Insights is a much-needed asset that can help manufacturers make quick decisions while enhancing competitiveness and ensuring business efficiency.
The fourth quarter. Can you share an example of how Mobil helps customers achieve operational efficiency through digital data analysis?
Answer: As a pioneer in lubrication technology innovation, Mobil is well aware of the power of data. The Mobil™ Solcare Service application is one of the innovative products that use data science for machining shop monitoring. Through the application, people can receive real-time data, use digital signatures for verification, and improve efficiency through feedback and performance ratings within the application. This can help improve business efficiency by providing tailored recommendations, through in-depth analysis, enhanced record keeping, and increased accountability.
Two industrial manufacturers in southern India: Unicast Autotech Pvt. Ltd. and Microtech CNC Pvt. Co., Ltd., has recently been able to achieve better machine performance through the use of Mobil lubricants and digital services. By using Mobilcut™ 250, Unicast Autotech was able to significantly reduce costs and reduce the cost of each component by 8% while improving the surface finish. Microtech CNC has also achieved significant cost savings while reducing the cost of each component by 20%, which is impressive. In addition to recommending this product, Mobil's cooperation with Microtech CNC and Unicast Autotech also extends to service delivery and maintenance. Mobil's dedicated Solcare interface facilitates regular coolant monitoring and digital data analysis and sharing through applications.
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