MOVUS and OSIsoft announce technology partnership
MOVUS, the Australian developer and provider of continuous condition monitoring solution FitMachine, and OSIsoft have announced a technology partnership. This will enable their customers from around the globe to correlate the data from equipment and processes captured and curated by the PI System with trends, real-time data and alarms on equipment condition provided by FitMachine.
The partnership also allows MOVUS’s FitMachine solution to complement OSIsoft’s offering by bringing key equipment health data and insights to the operations technology ecosystem, without adding any complexity.
OSIsoft’s PI System serves as a data infrastructure, connecting people to industrial equipment, sensors and other devices to cut costs, increase productivity or create new services. PI System data can be used directly by engineers or streamed into other applications to accelerate data preparation and analytics.
MOVUS FitMachine builds a model for every piece of equipment, collecting real-time condition data, and learns normal behaviour. From then on, it monitors for condition changes and sends early warnings of potential failures.
Brad Parsons, CEO of MOVUS, said this new business relationship supports both companies’ mutual goal to help their customers with their ongoing digital transformation journeys.
“OSIsoft’s origins are similar to that of MOVUS — we both have a credible history of developing unique technology which supports industrial operational processes by capturing, managing and visualising critical real-time data,” said Parsons. “OSIsoft PI Vision is one of the dominant platforms in the data historian market and both companies have customers in common.
“MOVUS is excited to integrate our technologies, so that we can offer our customers unrivalled support to help them make important business decisions about their connected-asset operations.”
Yong Thé, Regional Manager of Oceania for OSIsoft, said this partnership will also help both companies to better scale their reach across the growing US and Australian markets.
“OSIsoft is dedicated to helping people transform their world through data and MOVUS’s FitMachine’s underlying use of artificial intelligence and machine learning data complements our mission,” said Thé. “It is a vital AI solution for any heavy asset industry. Our combined offerings will no doubt be of great benefit to our customers, particularly those based in Asia Pacific and the US, where we already have a significant presence.”
Adding to Thé’s comments, Parsons said he is keen to help companies that are looking for ways to improve efficiencies through real-time data management. He especially looks forward to seeing the successful outcomes this technology partnership will achieve for their mining, chemicals, food and beverage, and manufacturing customers globally.
Honeywell has released software designed to simplify, strengthen and scale cybersecurity.
Schneider Electric says the IoT and the refinement of the data it collects has the potential to...
The International Society of Automation (ISA) has announced the first founding members of its new...