Flanders is a global provider of electric machine repair, power systems engineering, custom manufacturing, integration and the deployment of advanced technologies for the world's largest machines with electric rotating systems in heavy industry.
Together, the companies are developing and deploying remotely monitored, intelligent solutions with guaranteed business outcomes to Flanders' global customers.
The partnership leverages relayr's artificial intelligence-based IoT technologies to disrupt how conventional assets in high-demand scenarios are managed in heavy industrial environments, such as mining. This gives Flanders' customers access to new digital services to further reduce unexpected downtime and improve asset performance.
Operators are provided with ongoing and thorough insights into critical failures and efficiency levels in a predictive fashion. The new digital services also reduce capital expenditures and ensure maximum production of critical assets - which is guaranteed through relayr's parent company, Hartford Steam Boiler/Munich RE.
"The benefits of a digital transformation can be significant, and an increasing number of organisations across nearly every industry are embracing IoT solutions to improve operational efficiency, maximise productivity, and generally change the way they do business for the better," said Guneet Bedi, GM of the Americas for relayr. "Our partnership with Flanders will have a far-reaching impact on our respective customers, and we're excited to begin working with them on this exciting new endeavour."
For Flanders, the partnership includes a shift to a predictive service model, which offers uptime and business interruption guarantees. These guarantees are possible through relayr's years of domain experience combined with predictable algorithms that ensure revenue and cost certainty for Flanders' customers. Flanders is also evaluating the offerings of a pay-per-use model for its custom manufactured products and services, an industry first in this segment.
"As we move further into the world of Industry 4.0, it is increasingly clear that undertaking a digital transformation is a necessary move in order for us to continue to serve our customers with the world class electrical expertise Flanders is known for," said Shawn Collins, Flanders' executive director, US regional service centers. "relayr's expertise and thought leadership in IIoT, combined with our application knowledge, will yield solid business outcomes for our customers."
Both relayr and Flanders have an agnostic position towards automation equipment for flexibility and agility to achieve success within the complexity of today's industrial environment.
