Danfoss is among Finland’s top industry striving to be global leader in utilizing data

Monday, September 16, 2019
Danfoss is among Finland’s top industry striving to be global leader in utilizing data

The Intelligent Industry Ecosystem of top Finnish companies pursues growth through better utilization of data and AI, leading to tens of thousands of new jobs, saving energy and combatting climate change.

Danfoss is among the top companies driving the InDEx Programme (Industrial Data Excellence) which has started its pragmatic work towards global leadership. Radically more efficient utilization of data with AI is the key.

In order to create an intelligent industry, people and machines and appliances must communicate seamlessly with each other. Ambitious results can only be achieved with broad cooperation, and that’s exactly what the InDEx Programme aims at. Intelligent Industry brings together the most significant and innovative actors of our industry, making the newly launched InDEx Programme a major endeavor of vital national importance.

Digitalization is transforming the manufacturing industry. Danfoss is actively developing data-driven digital services for drives using information collected from the drives. This improves energy efficiency of the applications, decreases emissions and reduces maintenance needs. It also provides new possibilities to monitor the process and application at the level of each actuator. This monitor data can be used to support predictive maintenance and condition-based maintenance. However, the benefits to be gained on machine and factory level are much larger and they can only be achieved if data is shared and utilized across organizations. Danfoss expects to benefit greatly from this co-operation project where different corporations work together in creating new value networks.

Benefits to both economy and climate

The more effective use of data in the industry is expected to result in 25,000-65,000 new jobs in five years, amounting to 2-3 percent increase in turnover. As much as 99 percent of the value of data is left unused globally in the manufacturing industry, so the potential is immense.

The Intelligent Industry Ecosystem and the InDEx Programme create versatile growth and combats climate change at the same time. In fact, dozens of percent of energy can be saved with more intelligent use of data, significantly contributing to the prevention of climate change. This goes hand in hand with Danfoss’ promise to care for its people and its aim to leave the world to the next generation in a better state than we found it, while delivering growth and strong financial results.

InDEx is financed by Business Finland and the participating companies taking together: Konecranes, Cargotec, Danfoss, Elekmerk, Fastems, HT Laser, Nokia, PrimaPower, Raute, SSAB and Tieto. The academic partners of the DIMECC InDEx Programme are Aalto University, University of Tampere, University of Turku, University of Helsinki, University of Jyväskylä, University of Vaasa and VTT Technical Research Centre of Finland.