Unlocking value from data to drive better business results
Today’s digital technologies create vast quantities of data, which is where opportunities for improvement lie. However, much of it goes unused. In fact, the average plant uses only 20% of the data it generates. The successful companies of the future will be those that can capitalise on this data quickly, efficiently, cost-effectively and across the enterprise through an effective data analytics strategy that encompasses site, edge and the cloud.
Data, technology and digital capability need to be brought together to build rapidly deployable analytics and AI/ML applications to increase productivity while decreasing costs and, in turn, improving sustainability and safety compliance.
Clients are afforded the opportunity to unlock the value of contextualised data through IIoT and Industrial AI. Here a prebuilt industry standards based cognitive data model can provide actionable insights to achieve operational performance, asset integrity, energy efficiency, sustainability and safety.
However, bringing together multiple data sources to assist customers to make better informed business decisions is easier said than done. The challenge lies in finding a way to manage and analyse huge volumes of data stored within disparate networks that could be either on the premises or in the cloud. If successful this will result in improved productivity and optimum utilisation of plants and assets, process improvements and cost-savings.
“As a global leader in integrated industrial automation with deep domain expertise, ABB has advanced analytics to help customers accelerate their operational and business performance,” says Charles Blackbeard, Business Development Manager, ABB Ability Digital Solutions.
ABB Ability™ Genix Industrial Analytics and AI Suite is a scalable suite consisting of an advanced analytics platform and prebuilt easy-to-use applications which is coupled with ABB’s implementation expertise. The suite connects, collects, and contextualises data from operational, IT and engineering systems. It empowers clients to unlock value from their data, driving better business results
Its modular nature means it can be structured to meet client needs, protecting existing investments while supporting seamless integration. It can be deployed from edge to fleet, plant, on premise, hybrid, cloud and multi-cloud based on the clients roadmap. ABB also offers an impressive range of business value applications, including system anomaly detection, opportunity loss manager and machine performance analytics.
ABB provides advanced consulting, predictive maintenance, performance optimisation and remote assistance for a range of industries, including oil and gas, chemicals, power generation, water utilities, mining, cement, pulp and paper and marine and ports.
Watch a video about the ABB Ability™ Genix Industrial Analytics and AI Suite at: https://new.abb.com/process-automation/genix.
REFERENCES
https://new.abb.com/process-automation/genix/abb-ability-genix-modules
ENDS
ABB’s Process Automation business is a leader in automation, electrification and digitalization for the process and hybrid industries. We serve our customers with a broad portfolio of products, systems, and end-to-end solutions, including our # 1 distributed control system, software, and lifecycle services, industry-specific products as well as measurement and analytics, and marine offerings. As the global #2 in the market, we build on our deep domain expertise, diverse team and global footprint, and are dedicated to helping our customers increase competitiveness, improve their return on investment and run safe, smart, and sustainable operations. go.abb/processautomation
ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com.
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Media Relations Issued by NGAGE Marketing on behalf of ABB
Ofentse Dijoe Andile Mbethe
Phone: +27 (0) 010 202 5105 +27 (0)11 867 7763
Email : Ofentse [dot] dijoe [at] za [dot] abb [dot] com Email: andile [at] ngage [dot] co [dot] za