AVEVA acquires OSIsoft to deliver performance intelligence for industrial operations

AVEVA, a global vendor of engineering and industrial software, has acquired OSIsoft to meet the information needs of industrial companies and accelerate their digital transformation. The combined portfolio brings OSIsoft’s data management together with AVEVA’s industrial software to drive performance intelligence.

Providing greater operational agility and resilience, performance intelligence connects information, artificial intelligence, with human insight, to enable faster and accurate decision making. By combining the capabilities of OSIsoft’s PI System with industrial software, performance intelligence gives processes the reliable data they need to measure and understand the industrial lifecycle. Performance Intelligence is the fusion of data collection, intelligence, performance support.

PI System unlocks operational insights and enables digital transformation through high-quality operations data. In other words – the visibility of data collection, the insight of analytics, and the actualisation of performance support. Performance Intelligence is likely to have the most impact in organisational productivity, operational agility, and sustainability.

Performance Intelligence is the fusion of data collection, intelligence, performance support

The global big data and analytics market is growing exponentially and projected to be worth $274 billion by 2022. Staying ahead of the curve requires an understanding of the scope and scale of industrial information to leverage that data effectively. Insights from edge to enterprise reduces downtime, production costs, energy consumption – optimising resources and driving sustainability.

Craig Hayman, CEO at AVEVA, said, “Through performance intelligence, we can see worlds of data from new angles. The combined impact of AVEVA and OSIsoft will enable our customers to manage complex industries more efficiently.”

Philip Aiken AM, Chairman, AVEVA Group commented, “AVEVA’s sustained performance and growth has laid the groundwork that enables the acquisition of a market leader such as OSIsoft.”