Schaeffler's OPTIME Ecosystem provides a
seamless, cost- and user-friendly experience that
simplifies complex data analysis and machine care.
SAN
ANTONIO, May 7, 2024 /PRNewswire/ --
Frost & Sullivan recently assessed the condition
monitoring equipment market and, based on its findings, recognizes
Schaeffler Group with the 2023 Global Enabling Technology
Leadership Award. The Motion Technology Company is an international
leader in precision engineering and industrial component
manufacturing and has significantly expanded its footprint in the
condition monitoring equipment market through highly
customer-centric innovation and engineering excellence. Schaeffler
provides cutting-edge solutions tailored to the evolving needs of
industrial maintenance and predictive analytics. The company
enhances its existing products, such as OPTIME Ecosystem, with
unique designs, the latest technology, and unparalleled
capabilities to fill gaps and push the limits in the market.
Schaeffler's OPTIME Ecosystem, a condition monitoring and smart
lubrication solution, provides a seamless, user-friendly experience
that simplifies complex data analysis and machine care. As an
advanced smart lubrication solution, OPTIME Ecosystem exemplifies
the seamless integration of sensor technology, data analytics, and
Internet of Things (IoT) connectivity, as well as easy
digital-embedded access to service experts. Schaeffler's
ability to offer a combination of predictive maintenance and a
smart lubrication solution in one IoT ecosystem is a unique selling
point (USP) that offers significant customer value. The solution
suite incorporates multiple monitoring tools to anticipate and
address the nuanced demands of predictive maintenance.
Krishnan Ramanathan, Research
Director, Frost & Sullivan, observed, "The distinct advantage
for Schaeffler that guarantees a positive purchase experience and
customers' absolute satisfaction is that the company offers
user-friendly condition monitoring solutions that customers can
easily deploy on their own within the shortest possible timeframe
and immediately start monitoring their machine operations within
their budgets."
Schaeffler's OPTIME Ecosystem revolutionizes maintenance
practices by combining its condition monitoring system with an
automated lubrication unit, all engineered for effortless
implementation on the shop floor. The solution's user-centric
design viewpoint incorporates state-of-the-art sensors, seamless
connectivity, and advanced analytics to ensure ease of use and
integration while enhancing capabilities. The synergy between
aesthetic simplicity and functional richness positions OPTIME
Ecosystem as a market differentiator that redefines industry
standards and puts Schaeffler ahead, allowing it to launch new
market trends and change how industries look after their machinery.
Schaeffler's one-stop solution facilitates accessible and effective
digital transformation in manufacturing, with no expert condition
monitoring knowledge required at the customer's end.
"Schaeffler's renowned brand name in the condition monitoring
and predictive maintenance markets is due to its comprehensive
portfolio of lifetime solutions, reliable predictive maintenance
solutions, expertise in industrial automation, cost-effective
solutions, and customer focus. Its proficiency in navigating the
complexities of automation has been instrumental in the success of
its condition monitoring solutions," added Ramanathan. For its
constant innovation, commitment to excellence, and strong
overall performance across multiple smart manufacturing domains,
Schaeffler earns Frost & Sullivan's 2023 Global Enabling
Technology Leadership Award in the condition monitoring equipment
market.
Each year, Frost & Sullivan presents this award to a company
that has developed a pioneering technology that enhances current
products and enables the development of new products and
applications. The award recognizes the high market acceptance
potential of the recipient's technology.
Frost & Sullivan Best Practices Awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
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& Sullivan has been world-renowned for its role in helping
investors, corporate leaders, and governments navigate economic
changes and identify disruptive technologies, Mega Trends, new
business models, and companies to action, resulting in a continuous
flow of growth opportunities to drive future success. Contact us:
Start the discussion.
Contact:
Tarini Singh
P: +91-9953764546
E: tarini.singh@frost.com
About Schaeffler
The Schaeffler
Group has been driving forward groundbreaking inventions and
developments in the field of motion technology for over 75 years.
With innovative technologies, products, and services for electric
mobility, CO₂-efficient drives, chassis solutions, Industry 4.0,
digitalization, and renewable energies, the company is a reliable
partner for making motion more efficient, intelligent, and
sustainable – over the entire life cycle. The Motion Technology
Company manufactures high-precision components and systems for
drive train and chassis applications as well as rolling and plain
bearing solutions for a large number of industrial applications.
The Schaeffler Group generated sales of EUR
16.3 billion in 2023. With around 83,400 employees,
the Schaeffler Group is one of the world's largest
family-owned companies. With more than 1,250 patent applications in
2022, Schaeffler is Germany's fourth most innovative company
according to the DPMA (German Patent and Trademark
Office). Contact us: www.schaeffler.com
Contact:
Sebastian Mergler
P : +49 9721913207
E: sebastian.mergler@schaeffler.com
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SOURCE Frost & Sullivan