AVEVA Adds Prescriptive Analytics to Asset Performance Management Portfolio
AVEVA’s Artificial Intelligence (AI) Infused Technology to Drive Action Across Engineering, Operations and Maintenance
AVEVA, a global leader in industrial software, announced a significant enhancement to its Asset Performance Management (APM) portfolio with the launch of AVEVA APM Assessment, AVEVA Asset Strategy Optimization and AVEVA Asset Strategy Library.
Adding to AVEVA’s comprehensive preventive, condition-based and predictive software capabilities, the integrated solutions enable the workforce with prescriptive guidance, resulting in improved efficiency, safety and reliability.
“We have seen customer demand evolve from just asset failure prediction to the need for integrated guidance and prescriptive actions. AVEVA is the first vendor on the market to offer the portfolio breadth and domain expertise to help customers to fully realize untapped value, gain control of their asset strategy and prescribe the most efficient action,” commented Kim Custeau, Vice President of Asset Performance AVEVA, “With this set of capabilities, we are redefining the scope of Asset Performance Management to deliver improved business outcomes for our customers.”
Empowering the Workforce by driving Improved Organizational Efficiency
AVEVA’s APM Assessment benchmarks a company’s current practices against best in class performance and builds a comprehensive roadmap encompassing people, processes and technology. These metrics are then used in AVEVA Asset Strategy Optimization to balance risk, cost and performance, which determines asset criticality. This enables organizations to prioritize maintenance investments and apply the most effective strategy.
From reactive to proactive, AVEVA’s AI-infused software coupled with a rich asset library, provides the unique ability to empower customers beyond anomaly detection with prescriptive analytics to guide actions and drive targeted outcomes.
By deploying these AVEVA solutions, organizations can predict asset failure and then prescribe the most economically advantageous action to take to remediate potential asset failures. For company directors, these tools mean doubling production output resulting in a safer, more reliable environment for the workforce.
ADNOC Gas Processing – Leading the way for O&G with Predictive AI
ADNOC Gas Processing is working with AVEVA using the predictive AI technology with prescriptive maintenance. “We value our strategic partnership with AVEVA, they set a very good example for what a good collaboration is, and the results that come from this are a game-changer for long-term equipment management and optimization,” commented Ahmed Mohamed Al Abri, Vice President, Engineering & Technical Services ADNOC Gas Processing.
A core component of AVEVA’s APM portfolio is tight alignment with customers to determine portfolio innovations and deliver proven business outcomes. The Frost & Sullivan assessment of the Global Asset Performance Management market positions AVEVA as the market leader in the $1.2B space, driven by the 4th Industrial Revolution and digitalization trends.
About AVEVA:
AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. For more details visit: www.aveva.com
Copyright © 2020 AVEVA Solutions Limited. All rights reserved. AVEVA Solutions Limited is owned by AVEVA Group plc. AVEVA, the AVEVA logos and AVEVA product names are trademarks or registered trademarks of AVEVA Group plc or its subsidiaries in the United Kingdom and other countries. Other brands and products names are the trademarks of their respective companies.
About ADNOC Gas Processing
We are ADNOC’s gas processing arm and operate one of the world’s largest gas processing plants, which has a capacity of 8 billion standard cubic feet per day.
Established in 1978 through a joint venture agreement between ADNOC (68%), Shell (15%), TOTAL (15%) and Partex (2%), ADNOC Gas Processing’s first plant opened in 1981.
ADNOC Gas Processing is a major supplier of gas and related products. Our plants are located in the Western Region of Abu Dhabi and Ruwais, and are connected to a 3000km pipeline network. We operate 26 processing trains, and an NGL distillation complex at Ruwais. We distribute gas and other products throughout the UAE and also export them from Ruwais, serving international markets including China, France, India, Japan, Turkey and Taiwan.
ADNOC Gas Processing is an important catalyst for industrial output and innovation in the UAE, and a significant contributor to ADNOC’s strategic objectives.
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