Hyosung ITX, the web know-how (IT) affiliate of Hyosung Group, introduced on Nov. 14 that it signed a memorandum of understanding (MOU) with Yokogawa Electrical Korea on Nov. 13 for cooperation in digital transformation (DX) enterprise.
This settlement was pursued to create synergy within the good manufacturing unit sector by combining Hyosung ITX’s IT know-how with Yokogawa Electrical Korea’s manufacturing operational know-how (OT). Yokogawa Electrical is a world course of automation specialist established in Tokyo, Japan in 1915, offering measurement and management options to varied industrial sectors together with vitality, chemical compounds, and supplies.
Hyosung ITX has been strengthening its technological capabilities within the good manufacturing unit sector, together with constructing good factories for group associates similar to Hyosung Heavy Industries. The corporate is creating synthetic intelligence (AI) and massive data-based course of information evaluation capabilities by means of its self-developed information evaluation answer Xtreme VAS.
Each firms plan to increase enterprise cooperation, together with advancing data-driven decision-making programs by using manufacturing course of information.
Hong Hye-jin, CEO of Hyosung ITX, emphasised, “This settlement is a vital first step towards enhancing the competitiveness of producing websites by converging IT and manufacturing operational know-how,” including, “We are going to additional improve our prospects’ productiveness and effectivity by means of data-driven good manufacturing unit building.”
Nakajima Koichi, CEO of Yokogawa Electrical Korea, acknowledged, “The collaboration with Hyosung ITX will speed up the digital innovation of Korea’s manufacturing trade,” including, “Primarily based on our industrial management and operational know-how know-how amassed over 100 years, we’ll create new worth collectively.”
