Cimcon Digital

  The global steel market reached a value of US$ 874.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,052.25 Billion by 2027, exhibiting a growth rate (CAGR) of 3.02% during 2022-2027. Significant growth in the automotive industry across the globe and Increasing oil & gas production owing to the transportation industry’s demand is creating a positive outlook for the market. But with growth comes a lot of challenges in the steel manufacturing process. Companies in the industry face major challenges with rapid digitalisation and unlocking potential in data, shifts in consumer demands, and the attraction of top talents. To address these challenges and improve profitability, the largest integrated producer of engineering steels and specialized seamless tubes in the Asia Pacific region has the foresight to expand its market in the coming years. In recent years, the leadership team has placed a greater emphasis on better asset utilizat...

  The global steel market reached a value of US$ 874.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,052.25 Billion by 2027, exhibiting a growth rate (CAGR) of 3.02% during 2022-2027. Significant growth in the automotive industry across the globe is creating a positive outlook for the market. But with growth comes a lot of challenges in the steel manufacturing process. Companies in the industry face major challenges with rapid digitalization and unlocking potential in data, shifts in consumer demands, and the attraction of top talents. Unlocking the potential in digitalization and data The development of smart factories for automated production to streamline production and support functions will be a giant step for players competing in the field for efficient practices. Investment in digital technologies will be a vital step in promoting effective virtual work to enhance actions across operations ranging from maintenance to customer supp...

  The pharmaceutical industry contributes significantly to developing vaccines and medications for disease prevention and reduction, treatment of ailments, and enhancement of quality of life by engaging in innovative research and technological advancements to meet the population’s complex healthcare demands.  India is the world’s top supplier of generic pharmaceuticals. The Indian pharmaceutical industry meets more than half of the global demand for various vaccines, 40% of generic demand in the United States, and 25% of total medicine in the United Kingdom. Globally, India ranks third in pharmaceutical manufacturing by volume and fourteenth in value. The domestic pharmaceutical sector comprises 3,000 pharmaceutical businesses and 10,500 manufacturing units. India holds a significant place in the global pharmaceutical industry. The country also possesses a vast pool of scientists and engineers who can propel the industry forward. More than 80% of antiretroviral medications use...

  The pharmaceuticals market encompasses businesses that develop and sell drugs and associated services. According to research presented on Global News Wire, the market is projected to reach $1700.97 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 8%. As the world rapidly shifted towards digitalization in response to the pandemic, the pharmaceutical industry was not exempt from this trend. Since the onset of the pandemic, there has been a global surge of 27.8% in traffic to health medicine websites. Embracing digital transformation has become imperative for adapting to consumer trends and future-proofing organizations from disruptions. Challenges of Digital Transformation in the Pharmaceutical Industry The pharmaceutical industry faces significant challenges in managing digital transformation, the strategic approach of leveraging technology to shift from analog to digital operations. According to a recent report by Deloitte with MIT Sloan Management Review, only...

  Introduction In today’s fast-paced and technologically advanced world, the need for efficient and proactive asset management is paramount for businesses to stay competitive.  CIMCON Digital’s IoT Edge Platform  emerges as a game-changer in the realm of Predictive Maintenance, empowering organizations to detect anomalies in advance using ML algorithms. This capability not only enables customers to plan schedules well in advance and avoid costly downtime but also provides real-time visibility into the remaining useful life of assets. In this article, we delve into how CIMCON Digital’s IoT Edge Platform revolutionizes Predictive Maintenance with practical examples of proactive asset management. 1. The Challenge of Reactive Maintenance Traditionally, companies have been plagued by reactive maintenance practices, where assets are repaired or replaced only after failures occur. This reactive approach leads to unexpected downtime, reduced productivity, and increased maintenanc...

  Introduction In the ever-evolving realm of the Internet of Things (IoT), edge computing emerges as a transformative force.  CIM10  IoT Edge Gateway stands at the forefront of edge platforms as a game-changer, seamlessly bringing intelligence and efficiency closer to devices and sensors. This comprehensive blog post delves into the myriad use cases where CIM10 excels, substantiated by compelling statistics that aptly showcase its effectiveness in unlocking the true potential of IoT on the edge. Industrial Automation and Manufacturing CIM10 empowers industrial automation and manufacturing processes, augmenting efficiency and curbing downtime.  As outlined in Deloitte’s report, edge computing in manufacturing holds the potential to boost productivity by a staggering 25%.  Real-time monitoring and control capabilities of CIM10 facilitate predictive maintenance, successfully reducing maintenance costs and minimizing unscheduled downtime.  With CIM10, manufactu...