Periodic Reporting for period 1 - BrainedFactory (Smart Manufacturing Platform for Industrial Part Production through Artificial Intelligence, Big Data & Robotics)
Reporting period: 2018-05-01 to 2018-08-31
Adopting an Industry 4.0 model means transforming the whole manufacturing process, adding connected capabilities throughout the production line and integrating business software with industrial software. However, to achieve this, it is first necessary to solve challenges, relating to complex software development, reliability, stability, automation and availability.
The successful implementation of automated Industry 4.0 principles is essential for the EU manufacturing industry, since it leads to lead time reduction, optimized design and added value, higher control over production, lower manufacturing costs and energy and waste reduction.
BrainedFactory will combine the latest advances in Artificial Intelligence, Big Data and Image Recognition, to provide a fully Software-as-a-Service platform to ease the transition towards Industry 4.0. Due to its flexibility and highly customizable nature, BrainedFactory will be implementable in a large spectrum of companies in the manufacturing sector.
Or commercial/sales team then performed a complete market study, featuring a comprehensive analysis of both the hydraulic equipment manufacturing system (as our traditional market) and the Industry 4.0 solution market (as our potential market for BrainedFactory). The study covered volume and growth, distribution methods, drivers and restraints, segmentation and forecasts. With the obtained data, we were able to perform business analysis through methods such as the GE matrix, the HAX triangle, the Penta Model and the SWOT analysis. A complete Freedom-to-Operate analysis was also performed to evaluate the risk of IP infringement, resulting in no apparent threats.
With the data from the market analysis, we were also able to carry out detailed sales forecasts, both with and without the development of BrainedFactory, thus extracting its real impact for Pintotecno. Finally, an adapted Business Plan for BrainedFactory was prepared, outlining the necessary positioning and actions that need to be carried prior to full commercialization.
As a tailored solution with a high focus on quotation management, machining cost reduction and overall manufacturing process optimization, BrainedFactory goes beyond solutions from large vendors, which offer providing more complex and generic solutions, at higher prices. Existing solutions cover the production cycle partially and lack of full integration with business software (i.e. ERP, CRM…). BrainedFactory will provide a much shorter time to produce parts throughout a shorter time to quote and deliver extremely accurate quotations, as well as optimize order and cost management. Additionally, it will offer virtually unlimited customization possibilities with zero impact on production time and plant scheduling.