By Siti Noor Afera Abu
KUALA LUMPUR, Sept 19 (NNN-BERNAMA) — Finnish-Russian technology company, ZYFRA is looking to invest RM2.1 million to provide solutions to local companies embarking in the 4.0 industry.
Managing director Pavel Rastopshin said the fourth industrial or 4.0 technologies have the potential to become one of the pillars in Russia-Malaysia bilateral relationships as both countries possessed extensive industrial complex.
“We are optimistic about the fact that this year Malaysia for the first time was represented at the 5th Eastern Economic Forum 2019 in Vladivostok and both countries are demonstrating their willingness to support the technological partnership.
“A shift to digital manufacturing helps to make the production and management processes more transparent, grow efficiency and meet sustainability goals,” he told Bernama.
According to a joint business study conducted by Microsoft and IDC Asia/Pacific, digital transformation is expected to contribute US$10 billion to Malaysia’s gross domestic product (GDP) by 2021, with a projection of 0.6 per cent growth per annum.
The Malaysian government has put a plan to achieve RM33 billion investment in the Internet of Things (IoT) sector, including industrial IoT.
The Russian-based company said Pavel has helped over 270 enterprises shift from industry 2.0 to industry 3.0 before making the leap to Industry 4.0 by implementing various solutions based on machine learning and artificial intelligence.
Meanwhile, its chief executive officer Igor Bogachev said ZYFRA is looking for technical teams to support its installation while strengthening its footprint in this country.
“We will start with five employees and we will open more position in this country,” he said.
For the oil and gas (O&G) sector, ZYFRA according to him, has put in bids on three tenders from O&G companies, offering its electrical submersible pump (ESP) software solution.
The O&G companies need digital solutions for their upstream and downstream operation.
“Our ESP software helps to reach 10 to 20 per cent efficiency boost for the specific machine in a project and we have solutions for both stages.
“For example, ZYFRA’s geomechanics solution, which operates for exploration before drilling, while machine monitoring for refineries,” added Igor.
The ESP software unit has proved to be highly effective, boosting production by 1.5 per cent and leading additional profits of US$2 million, besides providing solutions for real-time drilling optimisation improve in-productive layer drilling by a whopping 40 per cent.
–NNN-BERNAMA