IIOT
Maintenance Strategies in the Era of IIoT
The shift from reactive to prescriptive maintenance can be greatly aided by advanced digital tools and the implementation of an effective pilot program To be successful in today’s industrial business environment, companies in the chemical process industries (CPI) must maximize…
Smart Sensors Enable Industry 4.0
Coupled with advanced analytics and networking capabilities, today’s smart sensors help processors optimize the facility Picture a piece of equipment not just monitoring its own health, but also automatically ordering the part it requires and, when it notes that the…
Embrace Industry 4.0 to Improve Reliability
Step changes in condition-monitoring technology to achieve operator-driven reliability can be a reality for organizations of any size The chemical process industries (CPI) are like all others in that they must negotiate the twin challenges of maximizing productivity and opportunities…
BASF invests in quantum computing startup Zapata
BASF SE (Ludwigshafen, Germany; www.basf.com) has announced that BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc. Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as…
Emerson acquires biomanufacturing technology provider Bioproduction Group
Emerson (St. Louis, Mo.; www.emerson.com) has acquired Bioproduction Group (Bio-G), a leader in simulation, modeling, and scheduling software for biomanufacturing. Bio-G’s scheduling and modeling systems combined with Emerson’s extensive life sciences technology and expertise portfolio will help companies bring therapies…
Sandvik acquires Canadian digital mining specialist Newtrax
Sandvik Group (Stockholm, Sweden; www.home.sandvik.com) has acquired privately-owned Newtrax, a supplier of leading technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment. “By including Newtrax into the Sandvik family we further…
Emerson acquires KNet software from Integration Objects
Emerson (St. Louis, Mo.; www.emerson.com) announced that it has acquired KnowledgeNet (KNet) software from Tunisia-based Integration Objects. KNet’s unique analytics application software accelerates digital transformation initiatives for process and hybrid industries. KNet is used to extract, clean, transform and analyze…
Aveva acquires MaxGrip software assets
AVEVA (Cambridge, U.K.; www.aveva.com) announced a significant addition to its comprehensive Asset Performance Management (APM) portfolio with the acquisition of the software assets of MaxGrip, subject to approval from MaxGrip’s shareholders. MaxGrip, an AVEVA partner since 2017, is a pioneer…
An alliance for the IIoT
At the Hannover Messe 2019 trade fair, seven leading suppliers from mechanical engineering, industrial automation and software announced the foundation of the Open Industry 4.0 Alliance. With this cooperation, the companies want to overcome proprietary solutions and give a decisive…
Sandvik and IBM to partner on IIoT technologies for the mining industry
Sandvik Group (Stockholm, Sweden; www.home.sandvik.com) announced that IBM is collaborating with Sandvik Mining and Rock Technology to develop IIoT (Industrial Internet of Things), advanced analytics and artificial intelligence to realize safety, maintenance, productivity and operational efficiency in the mining industry.…