“The amount of data created in a manufacturing facility today is unprecedented, and there’s a great deal of hype in the marketplace over how analytics can turn this data into performance gains,” said Peter Zornio, chief technology officer at Emerson’s automation solutions business.With more than 900 analytics software suppliers in the market today, users are overwhelmed with options. Many companies have embarked on enterprise-level “data lake” and analytics programs, with the goal of enabling any type of application. But most of these offerings are business analytics tools for functions like finance and supply chain management.
Emerson’s portfolio of operational analytics focuses on the greatest source of value for industrial manufacturers – the production itself. Operational analytics with embedded domain knowledge can impact and improve performance of simple equipment, complex assets and process units, and entire production plants.“We recommend addressing the high impact, known problems first,” Zornio said. “By using proven models that make analytics accessible to the personnel responsible for the performance of assets, our customers can act quickly to solve problems faster. For example, Emerson’s solutions can detect and address 80% of the equipment failure modes contributing to production loss in a plant in real-time.”
Additionally, Emerson’s enhanced portfolio includes machine learning and artificial intelligence that can be used to identify new discoveries and deepen insight to impact business performance. These tools provide perspective previously unattainable with traditional analytics.“With our acquisition of KNet and its integration into our Plantweb Optics asset performance platform, Emerson can provide not only some of the most advanced machine learning and AI tools in the industry, but also the connection to people and workflows, which are critical to digital transformation success,” Zornio said.
Emerson’s portfolio now provides both pre-packaged analytics solutions as well as a complete analytics toolbox for users to develop their own applications. This portfolio is supported by Emerson’s Operational Certainty consulting practice and robust data management capabilities that provide a foundation for analytics success.
For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.