Technological inventions in all industries are important to create sustainable business models, as even the biggest, most lucrative companies struggle to retain business longevity in today’s fiercely competitive business market. At KONE, we believe that for sustainable lifestyles to take hold, more than just individual behavioural adjustments are required.
We believe that in order to create sustainability as a competitive advantage, technology and data must be integrated. Tech plays a greater role than just “green IT”. Our researchers are working passionately to create game changing technologies which meet the sustainability goals. Yes, technology and sustainable business model are now becoming inseparable.
Even well-maintained equipment might fall short of expectations when it ages or is exposed to changing environmental conditions. The performance, safety, eco-friendliness, and aesthetics of the elevators and escalators shall be enhanced by modernising them. For example, our flexible KONE CareTM maintenance programme is designed to ensure that our equipment operates safely and reliably while also extending its lifespan.
With KONE 24/7 Connected Services, we can more accurately anticipate the need for maintenance. It allows for quick hassle-free repairs, open communication platforms, which will further lead to a more dependable and safer customer experience with our products.
At KONE, we believe that our technological advancements have made our company visionary. We create our products and services keeping in mind the futuristic demands of our customers, besides sustainability ethos.
Amit Gossain, MD, KONE Elevator India
KONE offers modernisation solutions that are specifically crafted to meet customers’ requirements. These solutions include retrofit installations, component improvements, and complete replacement of current equipment. They serve the simple function of ensuring that the equipment runs securely and reliably for the smooth movement inside buildings. This means, at KONE, innovation in manufacturing and product development are invariably dynamic in nature.
The manufacturing industry is witnessing a big shift in the way things are conceived and made; consumed and maintained, as news of competitive advantage and actual advantages earned by early movers trickle out. Across all industries, businesses are attempting to promote digital transformation of their organisations and processes by incorporating automation, software, and cutting-edge technology into their daily operations. Across assembly lines, the traditional approach of manual data collecting and analysis is quickly giving place to digital efforts.
Digital technologies shorten the time and cost of product development, allowing for digital engineering and subsequent advances in pre-manufacturing stages like R&D and design. Digitization in manufacturing improves productivity and saves money, which may be spent in bettering product quality and expanding into more complex product lines. Intermediation through digital platforms such as business-to-business (B2B) and business-to-consumer (B2C) e-commerce, digital technologies minimise the cost of exchange and trade. Companies involved in manufacturing may now obtain inputs more simply and at more competitive prices over the internet.
In the next five years, digitization in the machinery industry will be a crucial component in helping manufacturers withstand the severe competition and diminishing pricing margins. As a result, India stands to gain from a broad-based strategy to the promotion of Industry 4.0 applications that serves all companies, both leading and small, and breaks these technology barriers. Firms with advanced digital capabilities should be aided in developing new products for new services and markets.
Requirement of housing for the population along with the latent demand post pandemic is the prime reason driving the market. The rising number of high-speed metro projects as well as new airports are also driving growth in the elevator and escalator industry, and so is the drive for affordable housing by the government.
There is also a growing demand for customised elevators. Hospital elevators, for example, of different sizes are in demand. So are elevators for commercial buildings with high-end technology such as turnstile and 24/7 connected services.
At KONE, we came up with a leading-edge innovation - KONE 24/7 Connected Services for intelligent predictive maintenance. It connects elevators and escalators to KONE’s cloud and uses artificial intelligence-based analytics to identify any potential issues before they cause problems, hence making them safe.
As Global and India leaders in the elevators & escalators industry, we are committed to safety, quality, sustainability and KONE principles, all of which serve as a solid basis for our organizational culture. We firmly believe that leaders must lead by involvement and example.