Harnessing Wireless Technology to Improve Operational Efficiencies

Harnessing Wireless Technology to Improve Operational Efficiencies

Frost & Sullivan to host Asia Pacific Industrial Wireless Technologies Executive MindXchange Summit from November 14-15, 2007, at the Westin Hotel, Kuala Lumpur

Application of wireless technology is becoming more relevant to the industrial sector. With tighter margins and increased competition across the industrial sector, productivity is crucial. Wireless network implementation in the industrial sector promises efficient use of energy and materials along with lower production cost, system and infrastructure costs and longer equipment uptime. All these factors add to the potential of increased productivity with the use and implementation of industrial wireless technology.

According to Frost & Sullivan research, the global industrial wireless market is pegged close to US $350 million in 2006. Although it constitutes a fraction of the US $100 billion of the automation business, it is estimated to be the fastest growing segment with a compound annual growth rate (CAGR) of 30% until 2011.

Satish Lele, Director of Industrial Practice at Frost & Sullivan, says, “There are incredible number of possibilities with wireless in the manufacturing and process environment, today. It is clearly seen by the automation companies as the next biggest growth engine. Most of them have already lined up an array of products and packages to ride this growth.

“The benefits include significantly lower installation costs, greater flexibility and improved operational efficiencies. Opportunity areas include asset tracking and real time location systems for personnel to respond to emergency situations. Automation suppliers are enthusiastic about being able to provide improved predictive maintenance capabilities and easier compliance to environmental standards,” he added.

Yet the explosive growth in industrial wireless has not happened at the pace it was expected. The benefits in cost, access, mobility and connectivity are seemingly obvious, so there are some key challenges which would need to be addressed by the automation companies moving forward.

To help define the business challenges in the industrial wireless industry and to provide a platform for all industry participants to interact and to help set the direction for the future, Frost & Sullivan is organizing a one and half day summit in wireless technologies space titled Asia Pacific Industrial Wireless Technologies summit.

Frost & Sullivan’s exclusive Executive MindXchange Summit will feature keynote insights, best practices, case studies and panel discussions addressing industrial wireless technologies, trends, issues and more. The summit is designed for senior decision-makers involved in driving strategic, tactical and operational initiatives to enhance productivity across sectors like oil & gas, petrochemicals, water and wastewater management, power, chemicals, manufacturing and process-oriented industries. Hear from our line-up of experts as they share their experiences and insights on application and deploying wireless technologies. Speakers include representatives from Apprion, Cisco, Intermec, Invensys, PAC Technologies, MTL Instruments, Petronas Carigali, Sembawang Utilities, Yokogawa and Frost & Sullivan, amongst others.

The summit will be held at the Westin Hotel, Kuala Lumpur from November 14-15, 2007, and is sponsored by Invensys and Yokogawa. Partner for the summit is MTL Instruments and media partners are Business Today, Industrial Automation Annual Directory, Control Engineering Asia, PC dot com and SEARCH Magazine. The summit is endorsed by Singapore Industrial Automation Association (SIAA) and supported by IA-community, Wireless Industrial Networking Alliance (WINA) and ISA, Singapore section.

For more information/registration details, please visit http://www.frost-iwt.com.

You may also send an email to Donna Jeremiah, Corporate Communications at djeremiah {at} frost(.)com with your full name, media/company name, title, telephone number, fax number and email. Media passes are available to the press.

About Frost & Sullivan

Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company’s Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan’s Growth Partnerships, visit http://www.frost.com.

Contacts

Frost & Sullivan
Donna Jeremiah, +60-(0)3-62045832
Corporate Communications
djeremiah {at} frost(.)com