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Business News/ Brand Post / Nanoprecise Sci Corp achieves 300% growth in 2021
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Nanoprecise Sci Corp achieves 300% growth in 2021

The predictive maintenance market is expected to grow at a CAGR of 29% in the forecast period of 2022-2027, and Nanoprecise has positioned itself to be at the forefront of this growth by investing heavily in people and technology.

Nanoprecise Sci CorpPremium
Nanoprecise Sci Corp

The AI-based Predictive Maintenance Solution Provider - Nanoprecise Sci Corp, has achieved a 300% growth in new orders placed in 2021; this is a significant step forward as it gears up to become one of the largest players in the Asset Maintenance and Management Category. The 4-year-old Canadian Headquartered firm is working to scale predictive maintenance solutions across asset intensive sectors in the Indian, European and North American Markets.

The predictive maintenance market is expected to grow at a CAGR of 29% in the forecast period of 2022-2027, and Nanoprecise has positioned itself to be at the forefront of this growth by investing heavily in people and technology. With over 100% growth, year-on-year, for the last consecutive 3 years, and partnerships with Fortune 500 companies, Nanoprecise is set to become the leader in the global market.

Nanoprecise has grown its working relationships with customers across numerous sectors such as Mining, Oil and Gas, Forestry, Cement, Pharmaceuticals, Food Production, Utilities, and others for more than 3 years. With state-of-the-art hardware and patented softwares, the team at Nanoprecise have been driving the digital transformation for companies across, Asia, Europe, North America and Oceania. Nanoprecise offerings that include, MachineDoctor™ and RotationLF™, enable businesses to start their Industry 4.0 journey with a relatively small budget focussed on key goals, while laying the foundation for IoT implementation at scale.

Nanoprecise recently announced that its customers plan to double the deployment of their solution across the Asian metal sector, which is indicative of their strong commitment to cater to the increasing demand in the international market. Demand for solutions that avoid unplanned downtime further rocketed because of covid-19 which paved the way for remote condition monitoring amidst strict lockdowns and restricted movement, forcing operators and reliability professionals across the globe realize the power of online monitoring.

As businesses move towards the adoption of large scale Industrial IoT, to fuel their industry 4.0 journey, Nanoprecise strives to be the leader in the domain, with its unique 6-in-1 hardware and patented analysis platform. With a team that comprises expertise in hardware, condition monitoring, and software, the Nanoprecise team offers a complete package that can assist users with specification, installation, and ongoing usage of a truly automated monitoring solution. They focus on understanding the pain-points of the operators and offer customised solutions to fit the individual plant needs, to maximise RoI. “We have embraced AI in combination with physics-based model to create an end-to-end automated system, which collects health & performance data of the machines, analyses it to create baseline performance indicators and notifies the maintenance and reliability professionals to avoid unplanned downtime", says Sunil Vedula – Founder & CEO of Nanoprecise Sci Corp.

Nanoprecise works with leading Fortune 500 companies across varied sectors such as Chemicals, Cement, Coal, Consumer Electronics, Forestry, HVAC, Metals, and Mining, among others, not only to facilitate reduced unplanned downtime and increased productivity, but also to enhance time and cost savings in their maintenance activities.

Over the years, Nanoprecise has been the recipient of a multitude of awards and recognitions, all of which are a testimony to their ability of bringing lasting change to business operations.

With a team that spans 3 continents, they help customers across sectors as diverse as Mining and Consumer Electronics, with real-time insights of the health & performance of machines and equipment sets, thereby empowering them with the right data at the right time.

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Disclaimer: This is a company release. No HT journalist is involved in creation of this content.


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Published: 06 Jan 2022, 07:10 PM IST
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