BROWSING: process industries
ABB co-develops new digital twin solution for energy and process industries
Swiss engineering conglomerate ABB and French simulation company CORYS have signed a deal to “advance digital twin modeling and simulation technology” across the energy and process industries.
CORYS supplies transportation, power and hydrocarbon simulators. The pair have signed a memorandum of understanding (MoU) for “digital...
Aveva to buy OSIsoft for $5bn to service ‘largest digital-change projects in history’
UK based software company Aveva, majority owned by France based automation specialist Schneider Electric, has struck a deal to acquire US data management outfit OSIsoft for $5 billion. OSIsoft is backed by Japan-based tech firm Softbank. The pair said they will “service the largest...
Manufacturers make use of less than 5% of operational data, report claims
Less than five per cent of data generated by manufacturing plants is used to bring insights and improve operations, according to a study by Frost & Sullivan. Sensors and other wireless devices in manufacturing plants do not produce sufficient data to make a difference,...