Sandvik Coromant says that it has formed a joint venture with Microsoft to look into the digitalization of the manufacturing industry.
The companies plan to link up parts of the production chain as well as improve Sandvik’s internal digitalization network.
?‘We see this collaboration with Microsoft as key to the success of our digital strategy,’ said Nadine Crauwels, president of Sandvik Coromant. ‘This unique partnership represents a new way for our companies to work together more closely to develop our competence.’
The company’s CoroPlus software allows data is to be gathered at both the machine level and tool level, which means that industrial tools can become ‘smart’ and can be adapted and adjusted at any time for more efficient use and to prevent production stoppages.
The new joint venture between Sandvik Coromant and Microsoft will begin in Q1 2020 and will involve operations both in Sweden and globally, the company said.???
This story uses material from Sandvik Coromant, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.