Yielding technology to minimise energy depletion

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.

The rise of new digital industrial technology, known as Industry 4.0 is enabling faster, more flexible and more efficient processes to produce higher-quality goods at reduced costs. We have seen that India did not grab opportunities in Industry 3.0 because of the availability of labor, access to limited software with paper-based processes and total dependence on humans. But today, the situation is different as it has been observed that Reserve Bank of India reported that 1,734 manufacturing companies posted ₹ 47,100 crore in Q3 FY2019, up 29.4 percent from the same period last year.

Industry 4.0 will also yield the benefit of a faster learning cycle and give an edge to Indian companies that are competing with legacy producers in Europe and the Americas, which have had a head start. Manufacturers will need to integrate their IT and OT and make data easily accessible but secure. They should be able to run AI models that can predict or correlate, ultimately augmenting human decision-making. While companies remain reluctant to invest in new technologies, this revolution cannot be overlooked.

Latest innovations and additions
We have developed high quality products like Line Interactive UPS, Single Phase Online UPS, Three Phase Online UPS, Modular/Rack Mount UPS, String Grid-Tied PV Inverter, Central Grid-Tied PV Inverter, Intelligent PV Combiner Box, DC Power Distribution Cabinet, Monitoring system, Energy storage systems (single-phase and three-phase), solar deep cycle storage battery and complete power solutions including data centers. We have constantly improved the performance of all our equipment in terms of saving energy through various innovative methods like using fuel cells, hydrogen storage which last longer, high resolution sine-wave output. The energy wastage has been minimised a lot using data center carbon cuts, preventing failures and optimising maintenance. We have been upgrading our designs of the technology and focusing more on increasing efficiency and modularity. Last but not the least, the 5G and IoT growth in face of power shortages, regulations and economic uncertainty, is helping deliver high availability, scalability and serviceability.

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.