Yokogawa Electric Corporation establishes Industrial Knowledge, a new business unit designed to enhance cloud-based advanced solutions. To serve as a platform for the development of its cloud-based advanced solution business, Yokogawa acquired Industrial Evolution, Inc. in December. Industrial Knowledge will rely on Industrial Evolution’s secure, IIoT-ready cloud platform and technologies for the collection, integration and analysis of real-time process data from firewall protected systems to develop its business.
While working with existing Yokogawa businesses and pursuing its DaaS business, Industrial Knowledge will reportedly seek through M&A and alliances to widen its range of services to include advanced solutions in areas including operation management, production management, asset management, simulation and design and legacy system integration.
For more information, visit: www.industrial-knowledge.com