With the recently revealed acquisition of Aveva by Schneider Electric (which currently owned a large stake in the business), lots of present and viewpoint users may be wondering about the future direction of the company. Aveva executives sought to clarify this at the Aveva World 2022 event in San Francisco. (See information about the acquisition.)
Aveva CEO Peter Herweck.Peter Herweck, CEO of Aveva, stated Aveva will continue to run as a separate business under the Schneider Electric umbrella. “Aveva will end up being a personal operation in a big, publicly listed business.” He added that Schneider Electric is Aveva’s “biggest client today” and most of Aveva’s software application is currently part of Schneider Electric’s innovation offerings.With Aveva’s stated goal of combining its technologies into one end-to-end, artificial intelligence-infused software for engineering and operations, all accessible through one pane of glass, the task depends on achieving this broad-based integration.Rob McGreevy, primary product officer at Aveva, discussed the work ongoing at Aveva
to achieve this vision.”We will continue to use a modular, not monolithic, approach with the intent to create an open, supplier neutral environment to deliver a commercial software application platform,” he stated, discussing that 30-40 %of that data that enters Aveva’s engineering and operations software comes” from other company’s products. The PI System( acquired by Aveva from OSIsoft in 2020) was a leader in this. And it’s the same with Wonderware InTouch HMI/SCADA (obtained by Aveva in 2018 through the merger with Schneider Electric, which had actually owned Wonderware because 2014 with its acquisition of Invensys ).”McGreevy said Aveva is essentially blending various user interfaces to connect systems from the edge to the business. Based
on this approach, Aveva strategies to launch the”first-ever coordinated HMI/SCADA release in 2023 through the integration of the Aveva Historian and PI systems to the cloud-based Aveva Data Hub, “McGreevy stated.”This takes the HMI concept and uses it to the enterprise. “To optimize both equipment possessions and functional procedures, McGreevy stated the combined upcoming system will have the ability to set up work based upon data-driven efficiency
plans and asset upkeep forecasts. He said this will involve the combination of Aveva artificial-intelligence-powered analytics and the PI system to link operational processes and analytics. SCG Chemicals plant in Thailand. Source: SCG Chemicals Business.As an example of what will be possible for industrial companies with these integrated innovations, McGreevy kept in mind Thai petrochemical company SCG now saves 40%on maintenance expenses after digitalizing its devices and processes information through application of the PI system.”SCGachieved a 9x return on investment (ROI)in 6 months using predictive analytics, mobile operator innovation, Unified Operations Center, and the PI system,” he said.He included that Aveva’s vision is to create a connected community where users still own all their data however can safely share it with equipment vendors, suppliers, and customers.”Digitizing this value chain– from style to operations– assists recognize and decrease costs, “said McGreevy.The ability to access a digital twin of assets, procedures, and websites offers users details required to enhance operations and maintenance as well as training. With digital twins developed on this collaborated information, engineering effectiveness can be increased by 30%, McGreevy added.”It’s more than connecting documents for gain access to, its’s about delivering additional info to a worker as it’s
provided; for example: Do you require a ladder to access the devices [to carry out the required upkeep]”