Cybersecurity, digitalization, and asset performance management headlined the various press events with Schneider Electric at the recent ARC Forum. I took notes from Kim Cousteau’s presentation on APM at the main press conference and expected a follow up press release for details. I have not received one yet.
Remember the “reverse acquisition” of Aveva where Schneider Electric placed all of its software divisions into Aveva and then took a 60% share in the company? The deal is about to close. Schneider spokespeople assured me that digitalization is proceeding apace with the leveraging of Aveva design through construction applications into operations and maintenance applications—Schneider’s strong suit. This, on paper, brings the company into the competitive marketplace with Siemens and its UGS acquisition of several years ago. This is an interesting area to watch.
Schneider called a special press event, with lunch, to talk specifically about cybersecurity. This response to an incident in which the company’s Triconex safety system earned some publicity—but not always accurately portrayed. The incident was a cyber attack that caused a situation that the safety system caught and initiated a safe shut down.
However, the event caused renewed concern for cyber defense. ARC Vice President, Larry O’Brien, said, “This is a wake up call for people to follow existing security standards.” Gary Freburger, who heads that division of Schneider, said, “It’s everybody’s job.”
We received this official statement from Peter Martin, vice president of business innovation and marketing, Schneider Electric
At Schneider Electric, we heartily encourage all collaborative efforts to strengthen cybersecurity. The growing problem of cybersecurity is not specific to any single company, institution or country. Rather, it’s a threat to business and public safety that can only be addressed and resolved when suppliers, customers, integrators, developers, standards bodies and government agencies work together. This collaboration starts with common standards, agreed-upon rules, appropriate funding and active cooperation. It extends beyond national borders and transcends competitive interests.
Schneider Electric continues to work diligently with our customers, partners, developers and industry peers to make the shift from reactive to proactive cybersecurity management through compliance with evolving industry standards, agreement that cybersecurity is a journey not a destination, and a commitment to standing together in the face of cyber threats.
Today, we commend the signatories to the “Charter of Trust.” It’s another important step toward ensuring that the promise of digital transformation and automation will prevail over the threat of cyberterrorism.
Regarding APM, Kim Cousteau discussed a new release of Avantis that expanded machine learning from the power industry to oil & gas. For maintenance, it incorporates a team system for operator rounds and improved workflow. It incorporates augmented reality and virtual reality (AR/VR) “because workers are so new and need help to get up to speed. Look for updated analytics to aid in catching anomalies ahead of failure. She cited a customer who has been tracking savings from this feature alone and is up to $65 million.