Automation & IT / Control Systems

Yokogawa Establishes Industrial Knowledge Business Unit

By Chemical Processing Staff

Feb 10, 2016

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.

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