5G Technologies enters Indian market

CHENNAI, INDIA: City-based product development and solutions provider Fifth Generation Technologies, also known as 5G Tech, has entered the Indian market after catering to US customers for almost five years.

So far, 5G Tech has only been developing products in India through their R&D setup.

The company is entering the Indian market with the launch of its new product, Enterprise Maintenance Gateway, a business intelligence (BI) solution for huge manufacturing industries, and is looking for tie-ups with software partners, system integrators (SIs) and product partners who are focused on manufacturing industries.

Ananth Seshan, chairman and MD, 5G Tech said, "We need a good distribution system for taking forward our products and are looking at the partnership model. That is why we have planned to tie-up with large SIs and software partners and product partners, whose product works complimentary with our product."

Recently 5G Tech tied up with IBM for their newly developed manufacturing intelligence product enterprise maintenance gateway (EMG) that delivers real-time enterprise asset management to manufacturing companies globally.

EMG connects to the machines in the shop floor and integrates the shop floor with the IBM Maximo Asset Management Solution, in real-time.

EMG converts the raw data from the plant into intelligence in real-time and the software takes appropriate proactive actions immediately by collaborating with IBM Maximo.

"With the advent of Real Time Maintenance, the activity of maintenance is now viewed with strategic importance by major global manufacturers due to its impact on the return on assets (RoA) and the overall profitability of the enterprise," Seshan informed.

On its late entry into the Indian market, Seshan commented, "The Indian market needs a stable and established product before it can be utilized. It is easy for us to go and sell a product in India, which we have established in the US. We feel that it's easy to sell a product based on its success story. We also ensured that we had all infrastructures for catering to the market before entering it. So it took us some time for entering the Indian market."

He sighted that the adoption of technology and the infrastructure in India as few challenges for intelligence solutions to gain momentum in the Indian market.

Seshan also feels that Indian market is very price-sensitive. "The new solutions that enter into the market should adapt to the existing constraints and cost factors. Indian manufacturers have unique constraints and are very price sensitive. However, they can also adapt to latest technologies if the automation providers are putting some thought," Seshan said.

He also foresees ample scope for the product in India, as manufacturing industries are growing at a fast pace. 5G Tech witnessed 85 per cent growth during last year and a CAGR of 45 per cent. Headquartered in Chennai, it has offices in Toronto.