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July 31, 2019 Wednesday 03:13:58 PM IST

Yokogawa Develops IIoT, OT Based Solution for Industrial Plant Management

Management lessons

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.