ThinkIQ & Mitsubishi’s Digital Manufacturing Transformation
Mitsubishi Corporation has entered into a collaborative agreement with ThinkIQ, to expand ThinkIQ's digital manufacturing platform in Japan and across its industrial supply chain ecosystem.
Mitsubishi & ThinkIQ's IoT-driven smart manufacturing visibility
Mitsubishi Electric Corporation was founded in 1921, in Japan, and manufactures a range of products, from automation systems to transport. The company has utilised IoT and edge computing to enable connectivity and data-driven decision-making. Mitsubishi collects data from various sensors and equipment on the factory floor, allowing real-time monitoring, predictive maintenance and operational optimisation.
Software development company ThinkIQ was founded in 2015 and is based in Aliso Viejo, California. The company offers greater visibility into the manufacturing shop floor and across the supply chain using IoT sensors, OT and IT systems. Previously, ThinkIQ had built its platform by working alongside smart manufacturing projects run by governments in the US and across Europe. Previously it has worked with General Mills, McCain, Corning and Mars.
Revolutionising smart manufacturing solutions
Doug Lawson, CEO of ThinkIQ, said that the company was honoured to have been recognised by Mitsubishi Corporation and looks forward to driving global adoption of smart manufacturing solutions.
"Our platform addresses a growing market need to operate and manage complex manufacturing supply chains more efficiently,” he said. “With our strategic relationship and Mitsubishi's investment, we will expand our market reach and accelerate our efforts to provide end-to-end supply chain visibility."
Yoshiyuki Watanabe, Division COO of Mitsubishi Corporation, said that the team is excited to work with ThinkIQ in driving smart manufacturing adoption across the industrial supply chains.
“We expect ThinkIQ's solutions to have a major impact on manufacturers to help improve yield, quality, safety, and compliance while dramatically reducing waste and environmental impact," said Watanabe. "ThinkIQ's open, innovative platform and leadership in digital transformation for the manufacturing industry is what prompted our investment and go-to-market partnership."
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