Analytics and AI software helps producers optimise operations in demanding market conditions

analytics

Analyst studies suggest that industrial companies typically are able to use only 20 per cent of the data generated, which severely limits their ability to apply data analytics meaningfully.

The ABB Ability Genix Industrial Analytics and AI Suite is a scalable advanced analytics platform with pre-built, easy-to-use applications and services. It collects, contextualises, and converts operational, engineering and information technology data into actionable insights that help industries improve operations, optimise asset management, and streamline business processes safely and sustainably.

The solution operates as a digital data convergence point where streams of information from diverse sources across the plant and enterprise are put into context through a unified analytics model. Application of artificial intelligence on this data produces meaningful insights for prediction and optimisation that improve business performance.

Opportunity for customers

“We believe that the place to start a data analytics journey in the process, energy and hybrid industries is by building on the existing digital technology – the automation that controls the production processes,” Peter Terwiesch, President of ABB Industrial Automation, said. “We see a huge opportunity for our customers to use their data from operations better, by combining it with engineering and information technology data for multi-dimensional decision making. This new approach will help our customers make literally billions of better decisions.”

ABB Ability Genix is composed of a data analytics platform and applications that help customers decide which assets, processes and risk profiles can be improved, and assists customers in designing and applying those analytics. Featuring a library of applications, customers can subscribe to a variety of analytics on demand, as business needs dictate, speeding up the traditional process of requesting and scheduling support from suppliers.

Scalable from plant to enterprise, the solution supports a variety of deployments including cloud, hybrid and on-premise. It leverages Microsoft Azure for integrated cloud connectivity and services through ABB’s strategic partnership with Microsoft.

Combining data

“The Suite brings unique value by unlocking the combined power of diverse data, domain knowledge, technology and AI,” Rajesh Ramachandran, chief digital officer for ABB Industrial Automation, added. “It helps asset-intensive producers with complex processes to make timely and accurate decisions through deep analytics and optimisation across the plant and enterprise.

“We have designed this modular and flexible suite so that customers at different stages in their digitalization journey can adopt the solution to accelerate business outcomes while protecting existing investments.”

A key component is the ABB Ability Edgenius Operations Data Manager that connects, collects, and analyses operational technology data at the point of production. It uses data generated by operational technology such as DCS and devices to produce analytics that improve production processes and asset utilization. It can be deployed on its own or integrated with ABB Ability Genix so that operational data is combined with other data for strategic business analytics.

“There is great value in data generated by automation that controls real-time production,” Bernhard Eschermann, chief technology officer for ABB Industrial Automation, added. “With this solution we can pull data from these real-time control systems and make it available to predict issues and prescribe actions that help us use assets better and fine-tune production processes.”

Read more on ABB – Giving a second life to industrial robots

Related Posts
Others have also viewed

Businesses fail to achieve highly resilient connectivity as commodity IoT providers fail to deliver

A new State of IoT Adoption report launched today by Eseye, a leading global IoT ...
automation

AI-powered computer vision enhances safety in industrial workplaces

RoboK, a startup applying AI-powered computer vision to logistics and industrial workplaces, has announced $2.1 ...
university

2m UK university and research facility credentials hacked

2.2 million personal credentials are available on the dark web stolen from the top 100 ...
disaster recovery

Disaster recovery market worth $31.6bn by 2030

The disaster recovery-as-a-service market is projected to reach $31.6bn by 2030 according to a new ...