Another example of a long-term partnership between a large software company and a smaller, innovative software company. This one links AVEVA (think former Wonderware and Schneider Electric) and TwinThread. I cannot believe I haven’t written more about TwinThread before. I know I’ve talked with the founder/CEO Erik Udstuen, whom I knew at Mountain Systems and GE. They were early into the race for a specifically industrial cloud platform.
This news concerns something called an Advanced Analytics solution. This solution targets improving operational efficiency, product quality, and energy usage. They say this underscores the value of AI-powered analytics in driving smart, sustainable industry.
AVEVA Advanced Analytics is a no-code, cloud-native Software-as-a-Service (SaaS) solution designed to transform raw industrial data into actionable insights. When integrated with CONNECT —AVEVA’s industrial intelligence platform—and our hybrid offerings AVEVA PI Data Infrastructure or AVEVA Operations Control, the complete solution empowers industrial teams with real-time, predictive analytics to make informed, proactive decisions.
Key Benefits Realized by Customers:
- Improved Product Quality: Manufacturers have achieved up to 100% first-pass yield, significantly reducing scrap and rework.
- Increased Uptime: Deployment has led to a 12% rise in equipment uptime, improving overall production efficiency.
- Energy Optimization: Clients report an average 4% reduction in energy consumption, supporting both cost reduction and sustainability goals.
- Accelerated ROI: Several organizations experienced a tenfold return on investment within their first year of adoption.
Making a bow toward competition featuring innovative pricing opportunities for customers, the note: AVEVA Advanced Analytics is available through the flexible and scalable AVEVA Flex subscription program, making it easy for businesses of all sizes to adopt cutting-edge analytics, and scale up to build upon successes.
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