Yokogawa Develops IIoT, OT Based Solution for Industrial Plant Management

Operational technology, Industrial Internet of Things (IIoT)
and big data can work wonders in plant management as evidenced from the OpreX
Profit-driven Operation solution developed by Yokogawa Electric Corporation.
The OpreX Profit-driven Operation
solution takes the production performance indicators that are conventionally
monitored by plant management on a weekly or monthly basis and breaks them down
thetechnical and operations levels using industrial best practices.It then
calculates and displays them in real time by utilizing the big data from the
distributed control system (DCS).By providing performance alarms, guidance
messages, and a performance balance score, the solution helps operators and
engineers stay aligned and promptly improve production performance. In
addition, consulting services are provided to uncover more fundamental
production performance improvements by referring to the historical production
performance indicators recorded over time.
By merging Yokogawa’s expertise
in operational technology (OT) and Industrial Internet of Things (IIoT)
technology with the process industry best practices of its subsidiary KBC,
Yokogawa enables production performance optimization over the lifecycle of a
customers’ plant.
The company received the Global
Customer Value Leadership Award for Integrated Performance Management from
Frost & Sullivan, global market research and consulting company.
In the award write up, Frost
& Sullivan’s Industry Director for Automation and IIoT, Muthuraman“Ram”
Ramasamy states,“In a market with several solutions that help customers make
more sense of big data, Yokogawa chose to take an uncharted path and create a
market category of its own. The innovative category is Integrated Performance
Management. The OpreX Profit-driven Operation solution pulls in real-time data
from distributed control systems to structure a KPI dashboard that outlines the
performance of plant management objectives. Yokogawa’s ingenuity in leveraging
this real-time big data from the DCS differentiates it from its peers.The OpreX
Profit-driven Operation Solution is expected to become the standard for global
plant operations because it balances the tradeoffs between KPIs and provides
one solid operational health score.”
Due to volatile market
conditions, companies in the process industries are facing severe challenges to
maintain and become more profitable. Managements faced with the following multiple problems in plant management were facing issues with productivity-
-Lack of true visibility from operations floor through to the
C-suite
-Communication divide on objectives between the management and plant operations
-Siloed decision making restraining enterprise performance optimization
-Lack of cross-organizational performance metrics structure
Hence the relevance of the Oprex solution for improving efficiency of plant
operations.
RECOMMENDED NEWS