In-person AVEVA PI World conference explores how information supports innovation across the industrial ecosystemby enabling the connected industrial economy
Mumbai, India: June6, 2022 – AVEVA, a global leader in industrial software driving digital transformation and sustainability, showed how information – contextualized industrial data – is fundamental to sustainable growth across the energy, manufacturing, and infrastructure sectors while unveiling its product roadmap to industry leaders and partners at the AVEVA PI World conference in Amsterdam.
“Information-led innovation provides a proven and responsive pathway to industrial growth at a critical time when the business landscape has been reshaped by turbulence and risk.Business leaders face increased sustainability compliance requirements, retiring work forces, and the ever-present demandfor efficiency, agility and resilience. Raw data in itself is not immediately useful or even understandable but when youanalyze and contextualize it into insightful information, that’s when you can help the industrial world to innovate at scale on the road to a net-zero future,” said AVEVA CEO Peter Herweck.
Data is being created at exponential rates, as the adoption of digital technologies has accelerated, and businesses seek to become more efficient. About 50% of existing industrial data as of June 2021 was created in the two preceding years, a Statista study showed.
Also, at AVEVA PI World, Amish Sabharwal, AVEVA Executive Vice President for Engineering, and Gregg Le Blanc, AVEVA Senior Vice-President, Information Management, outlinedthe company’s integrated portfolio and elaborated on the product roadmap for 2022 and beyond.
Fostering a more sustainable use of information
“Approximately 68% of currently available enterprise data goes unused because it sits in organizational silos, yet more data is being created than ever before. AVEVA software enables data to be aggregated, transformed and shared within companies and with external partners, unlocking innovation at scale for all players within a new and connected industrial economy,” Le Blanc said. AVEVA Data Hub, a SaaS solution that was launched earlier this year on AVEVA Connect, the industrial cloud platform, provides data sharing capabilitiesenabling businesses to unlock operational efficiencies, increase sustainability, and drive digital transformation.
Sabharwal explained how the digital twin helps embed sustainability across industrial enterprises. “The digital twin recreates a physical asset in digital form by capturing, organizing and contextualizing data in a quantifiable form. When these models are used to forecast future scenarios, they can predict potential problems and improve asset reliability, reducing costs and resource use, and minimize carbon emissions. AVEVA’s digital twin is uniquely able to capture engineering, operations and maintenance data to provide a holistic, integrated view across multiple use cases,” Sabharwal said.
AVEVA recently further strengthened its digital twin software with a host of new features that make visualizing asset information with real-time data faster and easier than ever. With AVEVA Point Cloud Manager and AVEVA Asset Information Management, as well as new 3D wearable scanning and advanced document management, AVEVA customers can now experience a complete digital twin within just 60 days.
Inspiring customer stories at first in-person AVEVA PI World
More than 1,500 delegates from around the world attended the four-day event in person, while an estimated 1,000 others interacted online. They were given an overview of new developments with industry-leading solutions includingAVEVA Connectindustrial cloud platform andAVEVA PI Systemoperations information management. Learning labs offered hands-on technical practice in cloud and data environments.
Throughout the event, customers and partners from more than 70 companies in 12 industry verticalsshared their experience of the data-led digital transformation.
Jan Broekman, VP Global Engineering & Smart Modularization, at engineering company McDermott, offered insights into how digital solutions bring together the many different inputs required to build sustainable capital projects, from real-time commodity prices to low-carbon design across multiple locations.
Sergio Valencia, ROPI Technical Services Manager at EDP Renewables, shared lessons from a Lighthouse Program project where two million data streams from disparate wind farms were streamed to the cloud for centralized insights.
Jacky Wright, Chief Digital Officer of Microsoft, talked about how data accelerates sustainability progress. “A cloud-based, data-driven approach enabled us to assess, select and build new technologies, and reduce our scope 1, scope 2, and, ultimately, scope 3 emissions across our business,” she said at the Digital Agility and Resilience Panel. She explained how data analytics has supported smart buildings, investment into renewable energy to power data centers, and driven strategic decisions to pay for the removal of 1.3 million metric tons of carbon dioxide from the atmosphere.
Michael Dean, Global Director – Power, Controls & Information System at Kellogg’s shared how the company’s platform investment has paid off in terms of scale, consistency, standardization and collaboration. Installing AVEVA PI System helped Kellogg to leverage, analyze and manage energy data in its factories, creating a digital ecosystem that benchmarked usage and identified opportunities for savings. As a result, Kellogg saved $3.3 million in a single year and identified an additional $1.8 million in rebates, and optimized abatement measures.
Dr Catherine Green, Associate Professor at the Wellcome Centre for Human Genetics at Oxford University,explained how advanced technologies help improve human lives. Despite lockdowns and remote working, she and her team were able to develop and bring to market the Oxford AstraZeneca vaccine in eight monthsas compared to eight years before the outbreak of Covid-19, thanks to improved data collection, advanced analytics and distributed trials and manufacturing. “The critical thing is 21st-century technology,” she said. “We really are at the transition point where you’re able to bring new tech to old problems. And data is going to change everything that we do here. It’s going to change our ability to analyze the problem, our ability to deliver the solution, and how we communicate with the healthcare sector and with the public.”
Stream on-demand sessions from AVEVA PI World 2022.
About AVEVA
AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources.
Over 20,000 industrial enterprises rely on AVEVA to help them deliver life’s essentials: safe, reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA helps them engineer smarter, operate better and create sustainable value. AVEVA’s secure industrial platform and applications empower businesses to not only optimize their own enterprises, but also improve collaboration with their extended ecosystem of customers, suppliers and partners.
Named by Fast Company as one of the world’s most innovative companies, AVEVA supports customers with open solutions and the expertise of over 6,400 employees, 5,000 partners and 5,700 certified developers around the world. With operations around the globe, AVEVA is headquartered in Cambridge, UK and listed on the London Stock Exchange’s FTSE 100. Learn more at www.aveva.com
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