Key Facts:
Mitsubishi Motors Corporation is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan.
Mitsubishi Electric India to acquire a stake in Gervigreind Data Science Pvt. Ltd. (Itanta Analytics), an Indian software startup.
Prime Highlights:
The collaboration aims to develop no-code data analysis and report-generation applications to enhance Factory Automation (FA) digital solutions.
Integration with Mitsubishi Electric’s FA equipment and GENESIS64 SCADA software developed by ICONICS, Inc.
The partnership seeks to deliver cost- and time-saving digital solutions to manufacturing sites by simplifying system development with no-code engineering.
Key Background:
Mitsubishi Electric Corporation has announced that its wholly owned subsidiary, Mitsubishi Electric India Pvt. Ltd., will acquire a stake in the Indian software startup Gervigreind Data Science Pvt. Ltd. (trading as Itanta Analytics). The partnership is aimed at developing no-code data analysis and report-generation applications, which will enhance the company’s Factory Automation (FA) digital solutions offerings.
This strategic collaboration focuses on integrating Mitsubishi Electric’s FA equipment and GENESIS64™, a supervisory control and data acquisition (SCADA) software developed by ICONICS, Inc., a Mitsubishi Electric subsidiary in the U.S. By incorporating Itanta Analytics’ no-code solutions, Mitsubishi Electric plans to offer cost- and time-efficient digital solutions to the manufacturing sector. These solutions will simplify the engineering process, making it easier to implement and manage sophisticated digital systems.
The collaboration is in line with Mitsubishi Electric’s broader efforts to advance the digitalization of manufacturing operations. The combined expertise of both companies aims to accelerate the adoption of seamless digital tools that optimize production processes, from design and manufacturing to testing, operation, and maintenance. This initiative is part of Mitsubishi Electric’s ongoing commitment to its transformation into a “Circular Digital-Engineering” company, focused on providing best-in-class products and solutions for customers.
Through this partnership, Mitsubishi Electric intends to expand its FA digital solutions business globally, leveraging Itanta Analytics’ proficiency in no-code technologies to meet the growing demand for simplified, efficient, and scalable digital solutions across industries. By enhancing automation and digitalization in diverse manufacturing processes, the collaboration will contribute to Mitsubishi Electric’s goal of revolutionizing manufacturing environments worldwide. This acquisition is a key step in Mitsubishi Electric’s strategy to foster innovation in manufacturing technologies, further cementing its role as a leader in the digital transformation of the global industrial sector.
Credit: insightssuccess.com
