With the emergence of Industrial IoT (IIoT), collecting data from equipment is moving from paper-based, manual inspections to automated systems. This improves both data quality and quantity. IIoT-enabled remote asset monitoring also dramatically expands the number and variety of parameters that can be monitored cost effectively.
International oil companies (IOC) and national oil companies (NOC) are both competing and cooperating for the constant race to recover hydrocarbons. Oil and natural gas will continue to comprise a sizeable, and growing, share of the energy source mix that includes coal, nuclear, hydroelectric, solar, and wind. Technology advancements, more stream-lined operational processes, and the emergence of unconventional shale in the US, oil tar sands in Western Canada, and an increasing reliance on deepwater offshore and subsea fields have led to a surge in oil & gas production that b
India’s information technology (IT) services industry continues its moderate momentum as most of the IT services companies covered in the re-port exhibited above-average growth. In this report, we analyze the revenues of India’s IT services sector for the second quarter of financial year 2016-17 and compare these with the same period the previous year.
The automation industry appears to be evolving at a faster rate right now than at any time in its history. Commercial technologies continue to infiltrate the industrial automation space, especially wireless and mobility solutions.
Engineering design tools (EDT) are primarily used in two major industry segments: infrastructure projects; and process, power, and marine projects. In both segments, the Internet of Things (IoT), laser scanning and photometry 3D models, and advanced asset information systems all support today’s digital assets and enable the smart, connected plant, building, ship, or other assets. These, and other emerging technologies, tools, and approaches are changing the way engineers design assets, manage capital projects, and hand the assets over to operations.
For the past few years, executives at industrial organizations have been exploring how to best leverage analytics to improve operational and business performance. At their disposal are vast amounts of data that can help address business challenges in new, innovative ways. By embracing data analytics to help drive better decisions across all areas, organizations have an opportunity to transform all facets of the business.
By David Humphrey and Constanze Schmitz
The 28th annual SPS IPC Drives show in Nuremberg, Germany closed its gates at the end of November with the expected high numbers of visitors and exhibitors. The continued success of the show is due to its clear focus on discrete automation and the high quality of visitors. SPS remains the main autumn event for industrial suppliers, balancing the Hanover Industrial Fair in the spring. For many smaller automation suppliers, it has become the primary trade show.
Automation suppliers saw their revenues drop by 6 percent during the third quarter of 2016. Depressed oil and commodity prices and, to a lesser extent, the strong dollar, continued to rein in the performance of the automation market. Process suppliers continue to suffer most from exposure to low oil prices. Discrete automation suppliers fared better, thanks to stronger investment activity in the electronics and automotive industries. Suppliers expect this trend to continue for the foreseeable future, with hybrid and discrete industries outperforming the heavy process
When first introduced back in the 1970s, truck fleet operators used basic GPS-based telematics solutions to remotely monitor the location and speed of their truck tractors and trailers in real time. Many still do, and continue to realize good ROI from these solutions. While this represented an early example of a Big Data problem, analyzing that data was relatively straightforward.
Partly in response to overall automation market conditions, but largely in response to evolving user challenges and requirements, major suppliers are expanding their automation-related service capabilities from project and engineering services through services for operations and maintenance. At the same time, the Industrial Internet of Things (IIoT) now provides an enabling platform for a new generation of IIoT-enabled remote support services. These span the plant lifecycle, from system engineering and design “in the cloud,” to data as a service for operating process plants.