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Yokogawa Electric Corporation announced that it has invested US$900,000 in Bayshore Networks Inc., a U.S. technology innovator that is developing cybersecurity software for the Industrial IoT (IIoT). With this investment, Yokogawa will help Bayshore Networks continue development of its IIoT security technology, and will benefit from Bayshore's communications control and other technologies. The partnership is expected to help speed Yokogawa's development of the IIoT architecture needed to expand its solutions lineup.
Founded in 2012 and headquartered in the Washington D.C. metropolitan area, Bayshore Networks offers cybersecurity system solutions for industrial applications. The firm has a number of strategic partners in the IT sector and has gained recognition for its expertise in IIoT cybersecurity.
Bayshore Networks has created communications control technology for Layer 7 of the open systems interconnection (OSI) reference model. More than just cybersecurity technology, this can also be employed in safety solutions for operational technology used to monitor and control production facilities. This technology has the potential to become a crucial component in Yokogawa's IIoT architecture research and development efforts.
Recent advances in the IIoT field are making it easier to obtain information through networks and apply it in various solutions. With this investment, Yokogawa and Bayshore Networks will share knowledge and expertise in plant process control and operation, and the latest IIoT security and communications innovations, in support of Yokogawa's IIoT architecture development. Based on these technologies, Yokogawa aims to expand the lineup of operational technology safety solutions that it will offer to its industrial customers to help optimize their plant operations.
Yokogawa Sets up Architecture Development Division California for IIoT
Yokogawa Electric Corporation also announced that it has established the Architecture Development Division California, an organization that is dedicated to the development of architecture for the industrial IoT (IIoT). This division commenced operations on November 1.
To improve operational efficiency and productivity by using the IIoT, a robust and flexible architecture is required. For this purpose, Yokogawa has set up the Architecture Development Division California to pursue the development of core technologies, and it will function as a unit of the Marketing Headquarters' Business Development Center. To keep up with new technologies developed every day in the field of the IIoT and to facilitate close coordination with partner companies, the new division is based on the West Coast of the United States, which is a center of research and development activity by numerous technology firms.
The new division is staffed by engineers from Yokogawa who have an extensive knowledge of Yokogawa systems and services, and locally recruited engineers who are conversant in a range of IT fields. To start, the division is located at the engineering offices of partner companies, FogHorn Systems and Bayshore Networks, and it is scheduled to open its own office in April 2017.
The division will later add functions for planning services that use the IIoT and cloud computing, and it is expected that the number of staff will be increased to around 50 over the next five years. With this new division, Yokogawa will accelerate its development of cutting-edge IIoT architecture with the aim of offering its customers safer and more user-friendly solutions.
Keywords: Industrial IoT (IIoT), Cybersecurity, Industrial Applications, Communications Control Technology, ARC Advisory Group.