Industrial Software Market Leaders Introduce 'Performance
Intelligence' to create Industrial Software and Data
Leadership
LONDON and SAN LEANDRO, Calif., March 22, 2021 /PRNewswire/ -- AVEVA, a global
leader in engineering and industrial software, has joined
forces with OSIsoft to meet the expanding information management
needs of industrial companies and accelerate their digital
transformation. The combined portfolio brings OSIsoft's world-class
data management together with AVEVA's leading industrial software
to unlock Performance Intelligence.
Providing greater operational agility and resilience,
Performance Intelligence connects information and artificial
intelligence (AI) with human insight, to enable faster and more
accurate decision making, helping industries boost
sustainability. By pairing the trusted capabilities of OSIsoft's PI
System with the leading industrial software of AVEVA,
Performance Intelligence gives the people behind essential
processes the rich, reliable data they need to better measure and
understand the entire industrial lifecycle. Areas where
Performance Intelligence is likely to have the most impact
will include organizational productivity, operational agility, and
sustainability.
The global big data and analytics market is growing
exponentially and projected to be worth $274
billion by 2022. Staying ahead of the curve requires a new
understanding of the scope and scale of industrial information to
leverage that data effectively. Insight into industrial information
from edge to enterprise reduces downtime, production costs, and
energy consumption – optimizing resources and driving
sustainability. Our combined software portfolio is driving digital
transformation for over 20,000 customers globally, operational
efficiency to empower people, industries, and communities.
Craig Hayman, CEO at AVEVA, said,
"Together we're redefining the capabilities of industrial software.
Through Performance Intelligence, we can see worlds of data from
bold new angles, and inspire better understanding of complex value
chains, to boost performance and drive sustainability. The combined
impact of AVEVA and OSIsoft will enable our customers to manage
complex industries more efficiently. Our expanded capabilities
elevate AVEVA's commitment to deliver operational agility that
turns opportunity into business value for our customers."
Phil Aiken AM, Chairman, AVEVA
Group commented, "'AVEVA's sustained performance and growth has
laid the groundwork that enables the acquisition of a market leader
such as OSIsoft. Our joint portfolio of offerings and potential new
capabilities will help deliver AVEVA's long-term strategy for
growth and market leadership in industrial software and information
management by accelerating the solid growth trajectory and
continuing to help customers on their digitalization journeys."
Also commenting on today's announcement, CEO and Chairman of
Schneider Electric, supporting major shareholder and alliance
partner of AVEVA, Jean-Pascal
Tricoire, said, "AVEVA and OSIsoft joining forces creates an
industrial software and data leader. Through its extended ecosystem
and broader, deeper portfolio, AVEVA delivers an enhanced level of
efficiency to support the digital transformation of industries. We
support AVEVA's agnostic approach, working in collaboration with
customers and partners to offer integrated solutions that elevate
performance and operational agility."
"We stand in awe of the innovation of our customers – the people
who operate our society's essential industries – who use our
technology every day to improve performance, protect health and
safety, keep the lights on and make the world run more smoothly,"
said OSIsoft founder, Dr. J. Patrick
Kennedy. "They have inspired us to join forces with AVEVA so
that we can broaden our scope and increase the value we can bring
to their important work."
"This acquisition is a major milestone for AVEVA, enabling
our team to draw on Dr. J Patrick
Kennedy's vast leadership experience and domain expertise.
We are honored to continue the journey together with Pat in his new
role as Chairman Emeritus. With Performance Intelligence, we
can confidently say that AVEVA is paving the way to become
the industrial software and data leader, heralding the start
of an exciting new chapter for the industrial software market,"
concluded Hayman.
About AVEVA
AVEVA, a global leader in industrial
software, drives digital transformation for industrial
organizations managing complex operational processes. Through
Performance Intelligence, AVEVA connects the power of information
and artificial intelligence (AI) with human insight, to enable
faster and more accurate decision making, helping industries to
boost operational delivery and sustainability. Our cloud-enabled
data platform, combined with software that spans design,
engineering and operations, asset performance, monitoring, and
control solutions, delivers proven business value and outcomes to
over 20,000 customers worldwide, supported by the largest
industrial software ecosystem, including 5,500 partners and 5,700
certified developers. AVEVA is headquartered in Cambridge, UK, with over 6,000 employees at 90
locations in more than 40 countries. For more details visit:
www.aveva.com
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