Yielding technology to minimise energy depletion
By EPR Magazine Editorial January 10, 2020 2:02 pm
By EPR Magazine Editorial January 10, 2020 2:02 pm
Innovation and the adapting the market change like inclusion of IoT and 5G is our key product strategy.
Amitansu Satpathy, Managing Director, Best Power Equipment
Amitansu Satpathy, Managing Director, Best Power Equipment, in a discussion with EPR Magazine, talks about how IoT and Industry 4.0 is contributing in modernising the power sector. He further suggests on producing energy efficient equipment for better performance.
Rise of IoT and Industry 4.0 transforming the sector
Industry 4.0 (or The Fourth Industrial Revolution) connects people, processes and machines. It is a combination of IIoT (Industrial Internet of Things), cyber-physical systems and artificial intelligence that make machines capable of making decisions with minimal human intervention. It is an amalgamation of traditional manufacturing practices and sophisticated technology thus allowing for better decisions; and recalibration, which leads to greater efficiency and productivity. This manufacturing revolution will increase productivity, shift economics, foster industrial growth.
Future plans and projections
Our future objective is to be the leading manufacturer in the industry. Innovation and the adapting the market change like inclusion of IoT and 5G is our key product strategy. The end user experience will be taken up to 100 percent satisfaction level. Regarding the product portfolio, we have recently expanded our offering to Philippines market and planning to expand BPE products’ reach to all over the world by the end of 2025. The company will also enhance its after-sales services which enable their customers to minimize business interruptions, improve system availability, enhance the manageability of power devices and optimize the cost of ownership. Overall, we plan to grow at par of 25 percent year on year revenue growth.
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