INNOVATOR 2: NVIS TECHNOLOGIES

PRESENTED BY INDIRA INSTITUTE OF MANAGEMENT , PUNE

INTRODUCTION TO ROBOTICS

• Robotics, in a layman's term, is a tool which eases your work providing convenience, time saving factor and overcoming complexities

• Robotics is a complex function• It is expensive and cannot be used by all the firms• It involves intrigue understanding of the

mechanism of the robotics

WHAT IS ROBOTICS?

• The field of computer science and engineering concerned with creating robots, devices that can move and react to sensory input. Robotics is one branch of artificial intelligence

• Robots are now widely used in factories to perform high-precision jobs such as welding and riveting. They are also used in special

situations that would be dangerous for humans -- for example, in cleaning toxic wastes or defusing bombs

NVIS CONTRIBUTION

• NVIS manufactures clean technology products i.e. robotics, LED, etc.

• The main focus is on renewal sources of energy• Resources are getting scarce day by day-solution

to this problem is use of renewal energy• NVIS technology is a solution provider for such

problems• Range - 500 products

SOME INNOVATIONS

Radar for weather monitoring

Cotton Solar Heater Lantern Light can be changed

MAJOR PRODUCT LINE

• LED• Radars• Solar Heaters• Robotics

CONTD..

• Clean tech mainly have product LED bulbs from 1watt-100watt

• The output of there 3 watt led bulb = 11 watt of CFL

• High backup time(in reference to inverter)

EFFICIENT BUSINESS MODEL

• Company is using cost and current drivers and efficient electronics that gives them more efficiency

• Though cost of its product is high but it is a one time investment as led bulbs has a lifetime of 15 years (more than 50000 hrs)

• It prepares all its product for commercial and domestic as well

DIFFERENTIATED PRODUCT

• Only Company to provide Nano Coating on solar panel which improves its efficiency as the coating does not allows water or dust to settle in.

• One good example of Blue Ocean Strategy: where they created a new market

PARAMETERS CFL LED INCANDESCENT

Life Span 1,000 hours 6,000 50,000 hours

Watts 40W 9W 6WLumens 400 320 300

Heat Emitted 56.6 BTUs per hour 20.3 BTUs per hour 2.3 BTUs per hour

CO2 Emissions 3000 pounds per year 701 pounds per year 301 pounds per year

Contains Mercury No Yes No

RoHS Compliant Yes No Yes

Kilowatts of Electricity Used*

2190 KWh per year 531 KWh per year 228 KWh per year

Annual Operating Cost*

$219.06 per year $53.06 per year $22.76 per year

Cost of Bulb $0.84 $2.49 (average) $24.99

Months to Recover Initial Expense

N/A Vs. Incandescent: <1 month

Vs. Incandescent:1.5 months

Vs. CFL: 9 months

BENEFITS OF INNOVATION

• Not fragile• 8 watt can replace 40 watt tube light• Less CO2 emission and hence eco friendly

REASONS FOR THIS INNOVATION

• Motivate: work for society• For becoming eco-friendly• Generate energy from solar panel for their

own led consumption• Reduce the energy wastage and use natural

ways to generate the energy

RECOMMENDATIONS

• Product innovation is observed, process innovation is required simultaneously

• Business Process Re-Engineering: Timely introspection of the model

• Connectivity of Social enterprise with Co-operatives