Encost Monitoring

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2024: Kazakhstan market entry

The developer of the system for monitoring the loading of industrial equipment Encost enters the market of Kazakhstan. The flagship product of ENCOST Monitoring will be available to customers from the region, which allows you to optimize the loading of the current fleet of equipment and prevent failures in its operation. The developer announced this on March 27, 2024.

Enterprises industrial Kazakhstan accounted for about 29.7% in 2023. GDP countries According to various estimates, from 14 to 25 thousand companies in the region can be classified as industrial. Moreover industry , it is constantly growing: according to the Bureau to data of National Statistics of the Republic of Kazakhstan, industry in Kazakhstan in 2023 increased by 4.3% (the volume of products produced was calculated).

At the same time, the accident rate at industrial facilities in the country remains quite high. The number of accidents in 2023 increased by 40% - and these are only major emergencies, excluding ordinary equipment breakdowns and production downtime. Every year, industrial companies in Kazakhstan lose millions of tenge on equipment malfunctions.

This creates a market demand for high-quality IT tools for analyzing and monitoring equipment. However, most of the systems presented in the region are too expensive to implement in small enterprises. The cost of such instruments is hundreds of thousands of tenge, and it is extremely difficult to assess their payback.

Having discovered the need of Kazakh companies for high-quality, reliable and inexpensive monitoring equipment, ENCOST entered the market with the flagship product ENCOST Monitoring. It is a cloud-based industrial equipment monitoring service that allows you to automatically collect hardware health data and send notifications of problems and delays online to linked mobile devices. You can find out about failures immediately - and not at the end of the shift.

After analyzing the market of Kazakhstan, the company's specialists identified more than 2000 enterprises interested in optimizing the load of the current fleet of equipment and extending the life of industrial machines without serious investments. Potentially, the solution will be in demand in such industries as, metal working,, mining chemical industry furniture production and woodworking,, manufacturing and mechanical engineering pharmaceutical many others.

We have adapted the product to the requirements of the Kazakhstan market. Users can receive services within the framework of local legislation and be calculated in tenge. In addition, ENCOST Monitoring provides the possibility of integration with both 1C, which is common in the region, and with other accounting systems through the API. This will enable customers to effectively manage hardware data within the organization's IT infrastructure, "said Vladimir Zaytsev, Founder and CEO of ENCOST.