Company creates material service spinoff for IIoT, Industry 4.0
thyssenkrupp Materials IoT GmbH (tkMIoT) has been created to connect machinery and digitalize processes for other companies.
Materials Services has consolidated its know-how in the area of production process digitalization–Industrial Internet of Things and Industry 4.0–in thyssenkrupp Materials IoT GmbH (tkMIoT) with the aim of supporting other companies in their transition to digitalized production. Materials Services is passing on its knowledge to customers, enabling them to benefit from the experience it has gained in the optimization and automation of production processes over the past 15 years.
“The pace of innovation has picked up significantly in recent years and processes are becoming increasingly digitalized and connected,” said Axel Berger, CEO of tkMIoT. “In this environment it is becoming more and more important for companies to have competent partners they can rely on for innovative solutions to help secure competitive advantages and gain a foothold in Industry 4.0. We established tkMIoT to respond to this need.”
The step is also an important component in the further strategic development of Materials Services: With its “Materials as a Service” approach, the largest materials distributor & service provider in the western world is systematically expanding its service portfolio.
One of the first core products is toii, which is an IIoT platform designed to create conditions for machines of different makes and generations to communicate with each other around the world. The aim is to automate processes along the entire supply chain and make them more efficient.
Materials Services has successfully implemented toii at more than 30 sites since 2017. One plant has increased its annual production by almost 10,000 tons while other locations have reduced downtimes by up to ten percent. “With toii, we have succeeded in bringing the digital transformation to the core area of our business: in the plant shops, machinery and warehouses,” Berger said.
thyssenkrupp Materials Services
– Edited by CFE Media. See more Control Engineering IIoT and Industry 4.0 stories.
Original content can be found at Control Engineering.