Aveva joins forces with Osisoft to “meet the expanding information management needs of industrial companies and accelerate their digital transformation.” The combined portfolio – branded Performance Intelligence – brings Osisoft’s data management together with Aveva’s industrial software.
Performance Intelligence connects information and artificial intelligence (AI) with human insight to enable faster and more accurate decision making, helping industries boost sustainability, according to Aveva. Performance Intelligence reportedly gives users rich, reliable data to better measure and understand the entire industrial lifecycle. Areas where Performance Intelligence is likely to have the most impact may include organizational productivity, operational agility and sustainability.
The global big data and analytics market is growing exponentially and projected to be worth $274 billion by 2022, according to Aveda. The company says staying ahead of the curve requires a new understanding of the scope and scale of industrial information to leverage that data effectively. Insight into industrial information from edge to enterprise reportedly reduces downtime, production costs, and energy consumption.
Craig Hayman, CEO at Aveva, says, “Together we’re redefining the capabilities of industrial software. Through Performance Intelligence, we can see worlds of data from bold new angles and inspire better understanding of complex value chains to boost performance and drive sustainability. The combined impact of Aveva and Osisoft will enable our customers to manage complex industries more efficiently.”
For more information, visit: www.aveva.com
