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Data is the foundation of the digital transformation of industrial companies. With digitally enabled assets, industrial companies can access data across their value chains with just a few taps on mobiles, tablets, or laptops. But there is a critical need for industrial companies to do more with data than just access it. These volumes of data, when collated and analyzed, can provide meaningful insights that equip industrial companies to make better decisions. For instance, it can inform companies about equipment health, or when equipment requires maintenance, ultimately removing the risk of an equipment failure.
Yet, companies today use less than 20 percent of the data that they generate because they are often unable to process and correlate this flood of data that comes from different parts of their operations. The ABB Ability™ Genix Industrial Analytics and AI Suite, an advanced analytics platform with pre-built, easy-to-use applications and services, is helping to solve this challenge.
The solution is enabling industrial companies to understand the value of their data better by converging data from operations, engineering, and information technology. By applying AI functionality, the solution transforms this data into insights on key parameters, including health of assets and emissions. Already today ABB has installed more than 70,000 emissions monitoring analyzers around the world. Clear and accurate information on these parameters helps companies improve production efficiency, optimize machine life, and ensure safety and sustainability. Genix’s asset performance management module can improve overall productivity by up to eight percent, lower maintenance costs by up to 15 percent and increase machine life by up to 25 percent. The scalable solution can be used in one area of an operation, or across a whole enterprise.
Key facts:
Discover more about ABB Ability™ Genix Industrial Analytics and AI Suite