Mitsubishi Electric Corporation Tokyo , Japan 145,000 employees CEO : Takao Kato Revenue : USD $ 8bn

Mitsubishi Electric Corporation develops electronics and electrical equipment , employing smart manufacturing technologies to optimise its industrial processes and enhance productivity .

The company has embraced IoT and edge computing to enable connectivity and data-driven decision-making . Mitsubishi offers IoT platforms and devices that collect data from various sensors and equipment on the factory floor , allowing real-time monitoring , predictive maintenance and operational optimisation .

Mitsubishi Electric also provides a range of factory automation solutions that integrate robotics , control systems and software .

Fanuc Corporation Rochester Hills , USA 1,000 employees CEO : Michael Cicco Revenue : USD $ 4bn

Japanese robotics and factory automation company Fanuc Corporation uses smart manufacturing technologies to run smoother industrial processes and increase manufacturing productivity .

Fanuc is known for its articulated robots , delta robots and collaborative robots ( also known as cobots ). These robots are designed to increase the speed , precision and flexibility of industrial operations .

Fanuc also employs digital twin technology to create virtual replicas of physical manufacturing systems , which enable real-time monitoring , analysis and optimisation of processes .

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