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The Internet of Things (IoT) may be the latest buzzword today, but a set of technology-enabled disruptions might also be described by Digital Transformation, Digital Economy or simply by weaving innovation into the execution of a work process. For the process industries, users have been connecting assets to production and operational systems for decades but missing these opportunities at the business level. Real-time plant automation and software have long played a role to help manage manufacturing or production operations with some efficiency and profitably. However, IoT is changing this game by making this real-time connectivity between business and operations a whole lot easier and cost effective. OSIsoft, a leading supplier of process historians and real-time intelligence, has joined forces to develop technology with SAP. The two have partnered to create an OSIsoft "connector" into SAP HANA Cloud IoT Services and SAP HANA Cloud Platform. The SAP HANA Integrator for PI will enable both companies to serve better their customers by combined the value creation of real-time data and business intelligence. Customers in the process industries may now benefit from predictive analytics software tools on the HANA suite of applications that serve operational data. Operations, maintenance and engineering specialists on the plant floor may see a whole lot more of SAP software applications instead of the traditional historian type application portfolio of process trend and operational intelligence type graphics.
SAP has and will continue to be the core financial system of record for many in the process industries. With the addition of the SAP HANA Integrator for PI , now predictive analytics and advanced visualization vie Lumira may become a whole lot more pervasive with the combination of real-time data with business analytics. Where business analytics once was a laborious task that would answer financial queries in days or weeks but seldom deal with questions about operations, more business process automation, highly efficient and safe production or manufacturing techniques, and sensor-driven real-time analytics, are now readily available. ARC research shows this convergence of IT-OT and the use of predictive analytics already has the greatest impact on:
SAP has and will continue to be the core financial system of record for many in the process industries. With the addition of the SAP HANA Integrator for PI , now predictive analytics and advanced visualization vie Lumira may become a whole lot more pervasive with the combination of real-time data with business analytics. Where business analytics once was a laborious task that would answer financial queries in days or weeks but seldom deal with questions about operations, more business process automation, highly efficient and safe production or manufacturing techniques, and sensor-driven real-time analytics, are now readily available. ARC research shows this convergence of IT-OT and the use of predictive analytics already has the greatest impact on:
- Asset health improvement and equipment up-time
- Operating and Production Performance
- Safety and Risk Management
- Logistics Optimization
- Improvements to the worker experience
- Business Process Optimization