PJSC Sberbank : Sber and Factory5 to advance innovations in manufacturing industry

Sber and Factory5 - part of Ctrl2GO Group, TMH's digital cluster - have signed a partnership agreement, committing to advancing digital transformation solutions across the manufacturing industry in the fields of asset management and intellectual data analysis. Deputy Chairman of the Sberbank Executive Board Anatoly Popov and Factory5 CEO Denis Kasimov signed the document.

The incorporation of Factory5 designs in Sber's product and service offer for corporate customers will accelerate the implementation of projects utilizing Russian software for industrial holdings and cut adoption costs by combining the expertise of new partners.

Anatoly Popov, deputy chairman of the Executive Board, Sberbank:

"Having undergone a digital transformation and morphed from a bank into a technology company, Sber pays close attention to the digital transformation of its clients from across economic sectors. Our research shows that quite a few economic sectors are in need of modernization and digital transformation, and the manufacturing industry is one of them. It is vital not to waste time and implement technologies quickly and efficiently. I am talking about, among other things, the solutions that our partner, Factory5, deals with. This will affect the success of individual enterprises, as well as the entire market.

Denis Kasimov, CEO, Factory5:

"Undoubtedly, we are pleased that Sber has become our partner since we believe that this union will allow us to expand our presence in the innovation market for the manufacturing industry and open up analytics opportunities for a larger number of domestic companies in the real sector of the economy. Together we will be able to show that innovation today is not only an optimization tool for a single production, but also an opportunity to increase the competitiveness and efficiency of the industrial sector, as well as to facilitate the availability of this tool for Russian companies."

Factory5 is a Russian developer of platform solutions for industrial companies in need of comprehensive asset management and intellectual data analysis. AI and big data underlie Factory5 products, which are put on the list of domestic software solutions and are being adopted across enterprises of railway transport, mechanical engineering, energy, oil and gas.