Intel Corp (INTC)

[Professor MD]

Next-Generation Factory Automation Systems

Intel and Mitsubishi Electric Collaborate to
Create Next-Generation Factory Automation Systems

Pilot Program Demonstrates the Benefits of End-to-End Internet of Things Connectivity in Industrial Settings
• Intel and Mitsubishi Electric are working together to advance factory automation (FA) systems utilizing end-to-end Internet of Things (IoT) connectivity and big data analytics.
• The companies collaborated on a pilot at Intel’s manufacturing facility in Malaysia, demonstrating the benefits of IoT. The pilot resulted in improved equipment uptime, increased yield and productivity, the ability to conduct predictive maintenance and reduced component failures.
• As a result of the pilot, Intel realized US$9 million in savings through cost avoidance and improved decision making.
• The companies are targeting product availability in 2015.

http://finance.yahoo.com/news/intel-mitsubishi-electric-collaborate-create-150000648.html