ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Rostec Introduces New Internet of Things Platform to Cut Construction Expenditures by 20%

The Ruselectronics holding company of the Rostec State Corporation has presented new information modeling software for industrial enterprises.

MOSCOW, RUSSIA, May 2, 2021 /EINPresswire.com/ -- The Ruselectronics holding company of the Rostec State Corporation has presented new information modeling software for industrial enterprises that can be used to digitize construction work and modernize production facilities. The new platform, based on Industrial Internet of Things technology, allows to automate the process of managing large amounts of engineering data and reduce construction expenditures by 20%.

Ruselectronics has developed a platform for building information modeling (BIM). It is an approach to construction, equipment, operation and repair of buildings involving complex information processing during their various design phases.

The platform was successfully tested during modernization of production facilities under JSC "RPC "Istok" named after Shokin", a subsidiary of Ruselectronics. Information modeling technology allows to increase process efficiency at all stages of capital construction life cycle, from design to operation. The IIOT.ISTOK Industrial Internet of Things platform provides remote monitoring, diagnostics and optimization of equipment use via end-to-end integration with the digital model of the facility, the formation of 3D models of workshops, sections and production lines.

"The use of digital solutions in the construction of complex industrial facilities makes it possible to speed up project implementation by 7-15%, and total expenses by 20%. IIOT.ISTOK allows to automate the process of working with big data at the operating stage, collecting all necessary information into a single digital model in real time. This approach increases the reliability and safety of operating industrial facilities", said the digital transformation lead at Istok Vitaly Alexandrov.

The software was demonstrated at the Forum on digitalization and BIM technologies in the construction industry. This professional event in the field of digitalization of construction is annually held in Moscow. Its traditional participants include leading experts of the CAD market, representatives of key government and business structures, heads of leading companies in the industry.

Ruselectronics holding company is a national electronics vendor. Founded in 1997, it became a part of Rostec State Corporation in 2009. The holding company includes the largest corporations of Russian radio-electronic industry, i.e., Sozvezdie, Vega, Avtomatika, Control Systems, as well as the National Center for Informatization (NCI). The head structure is United Instrument Manufacturing Corporation. The holding company produces over 50% of electronic components in Russia, 8% of the total production in the radio-electronics sector, and provides over 10% of workplaces in the industry. Ruselectronics is an umbrella for more than 140 enterprises and scientific organizations specializing in the development and manufacturing of radio-electronic components and technologies, communication devices and systems, automated control systems, robotic systems, SHF electronics, computing equipment and telecommunications equipment. The holding company employs above 70 thousand people. Its products are supplied to more than 30 countries in Europe, Southeast Asia, the Middle East, Africa and Latin America.

Rosteс State Corporation is one of the largest industrial companies in Russia. It unites more than 800 scientific and industrial organizations in 60 regions of the country. Its key areas of activity are aircraft engineering, radioelectronics, medical technologies, innovative materials, etc. The corporation’s portfolio includes such well-known brands as AvtoVAZ, KAMAZ, UAC, Russian Helicopters, UEC, Uralvagonzavod, Shvabe, Kalashnikov, etc. Rostec is active in the implementation of all 12 national projects. The company is a key provider of Smart City technology, it is engaged in the digitalization of public administration, industry and social sectors, and it is developing plans for the development of 5G wireless technologies, an Industrial Internet of Things, big data and blockchain systems. Rostec partners with leading world manufacturers such as Boeing, Airbus, Daimler, Pirelli and Renault. The corporation’s products are delivered to more than 100 countries worldwide. Almost a third of the company's revenue comes from the export of high-tech products.

Press Service of Rostec State Corporation
Т: +7 (926) 911-28-36 | 24, Usacheva Str., Moscow | www.rostec.ru

Hayk Grigoryan
Rostec
Grigoryan@m-p.ru

Recent Quotes

View More
Symbol Price Change (%)
AMZN  210.32
-12.37 (-5.55%)
AAPL  278.12
+2.21 (0.80%)
AMD  208.44
+15.94 (8.28%)
BAC  56.53
+1.59 (2.89%)
GOOG  323.10
-8.23 (-2.48%)
META  661.46
-8.75 (-1.31%)
MSFT  401.14
+7.47 (1.90%)
NVDA  185.41
+13.53 (7.87%)
ORCL  142.82
+6.34 (4.65%)
TSLA  411.11
+13.90 (3.50%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.