Companies were still completing business last week. Many things have slowed down, but some business still needed to be wrapped up. Hitachi Vantara continues to build out DataOps and its data emphasis. Meanwhile, AVEVA continues a trend begun with the thought leaders at Foxboro (then part of Invensys coordinating with Wonderware) of building out a software flow to help leaders manage the production value chain. Integrating software acquisitions is tricky business, but both of these companies seem to have taken a sound approach to bringing things together.
In the news:
• Hitachi Vantara Completes Acquisition of Waterline Data, Introduces Lumada Data Catalog Solution To Solve Modern Data Challenges for Analytics and Governance Across Edge-To-Core-To-Cloud Environments
• AVEVA Acquires Production Accounting Capability from MESEnter to Drive Customers’ Digital Transformation Enhancing AVEVA’s Value Chain Optimization Portfolio
Hitachi Vantara, a wholly owned subsidiary of Hitachi, has completed the acquisition of the assets of privately held Waterline Data, a provider of intelligent data cataloging solutions. Hitachi Vantara also introduced Lumada Data Catalog, incorporating Waterline’s data cataloging technology into the Lumada portfolio to solve modern data challenges for analytics and governance across edge-to-core-to-cloud environments.
Lumada Data Catalog expands Hitachi Vantara’s DataOps solutions, and provides customers with a way to unify silos of data distributed across the cloud, data infrastructure, and the machines and devices at the edges of their networks. Waterline’s data cataloging technology gives customers a common metadata framework for managing all their data. By applying DataOps methodologies to the unified datasets, customers can rapidly gain insights and drive innovation.
Waterline Data Founder and Chief Technology Officer Alex Gorelik, now a Hitachi Vantara senior fellow, led the integration of Waterline’s technology into the Lumada portfolio – a data management and innovation platform for all industries.
“The operational, technical and regulatory challenges presented by the proliferation of data makes data catalogs an increasingly vital tool for modern organizations,” said Guido Schroeder, chief technology officer, Digital Solutions, Hitachi Vantara. “Adding Waterline Data’s capabilities to Hitachi Vantara’s suite of DataOps solutions is a great step forward in ensuring our customers can effectively and efficiently manage their data assets across environments – from edge-to-core-to-multicloud.”
Lumada Data Catalog will be available April 1, 2020 from Hitachi Vantara and select partners.
AVEVA has acquired production accounting software from South Korean based company MESEnter to complete AVEVA’s value chain optimization solution.
MESEnter’s software offering, previously branded MES ENTER ErrorSolver and now rebranded AVEVA Production Accounting, has been proven and tested by major producers in the continuous process industries since 2005. It opens the opportunity to improve accuracy of planning models, manage operations performance, identify loss detection and faulty instrumentation and ultimately move operations towards a plant-wide reconciliation.
“AVEVA’s leadership in optimizing across the value chain continues to create new opportunities as part of the digital transformation of refinery, petrochemical and mining operations,” said Harpreet Gulati, Senior Vice President, Planning and Operations at AVEVA. “The addition of this technology also provides another integral piece in AVEVA’s process operations portfolio.”
The newly added software will enable AVEVA to deliver a more robust offer that drives profitability across the value chain for its customers. AVEVA Production Accounting software furthers AVEVA’s commitment towards its Value Chain Optimization strategy to help customers eliminate information silos and integrate critical business processes across their operations.
This is yet another example of AVEVA’s continued focus to bring together a complete portfolio geared towards optimizing its customers’ value chains to help drive their digital transformation strategies. The newly acquired software will enable customers to close the loop with prescriptive performance management of their operations, ensuring that actual performance helps to drive decision-making for future planning.
“AVEVA has been a long-time partner of MESEnter and so this technology acquisition makes absolute sense. It presents a great opportunity for operators to efficiently leverage the value available from production accounting to help with material balance and data reconciliation across the plant”, said WS Cho, CEO of MESEnter.
AVEVA Production Accounting software has a user-friendly interface which provides a graphical flowsheet environment for creating and maintaining the plant balance models. It allows easy navigation from area to area, utilising intuitive screens from managing data connections, reconciliation steps, model configuration and more. It can also be configured to perform reconciliation around smaller areas of the plant such as compressors, pumps, exchangers, tanks or groupings of process equipment.
