GEC News Wire

Tag: aveva

  • AVEVA joins ADIPEC 2024 to showcase how digitalisation, including the power of AI, is key to accelerating the decarbonisation of the energy sector

    AVEVA joins ADIPEC 2024 to showcase how digitalisation, including the power of AI, is key to accelerating the decarbonisation of the energy sector

    AVEVA will advocate for radical collaboration at ADIPEC 2024, one of the world’s largest and most influential events dedicated to the global energy industry. AVEVA will spotlight digital solutions infused with cutting-edge technology that enable energy companies to create real and sustainable impact.

    AVEVA’s delegation at ADIPEC 2024 will be led by Rob McGreevy, Chief Product Officer, and Sue Quense, Chief Commercial Officer.

    “Working closely with the energy industry, AVEVA is pushing beyond the traditional boundaries to solve one of the biggest challenges of our time: the energy transition. AVEVA’s entire portfolio supports three strategic steps to tackle this challenge: tripling the production of renewable energy, doubling productivity through efficiency gains, and decarbonizing” says Rob McGreevy, CPO, AVEVA.

    “Accelerating innovations to foster the energy transition and drive measurable emission reductions, including for traditionally carbon-intensive industries, is what radical collaboration is about” says Sue Quense, CCO, AVEVA.

    At ADIPEC, AVEVA will demonstrate how the company uses technology and key alliances with partners such as Schneider and Microsoft to contribute to a more sustainable energy industry.

  • AVEVA announces two new strategic partnerships at its biggest ever AVEVA World Conference

    AVEVA announces two new strategic partnerships at its biggest ever AVEVA World Conference

    AVEVA has launched AVEVA World 2024 in Paris’ Palais des Congrès. The annual flagship software conference brings together leading industrial companies from across the globe to explore how to generate impact with cutting-edge technology. Executives from key industrial verticals including Power, Chemicals, Minerals and Food & Beverage, will be present. All with the shared aim of better utilising advanced software to drive stronger business and sustainability outcomes.

    During the AVEVA World 2024 press conference, AVEVA‘s CEO, Caspar Herzberg, announced new strategic partnerships with Vulcan Energy Resources (VER) and Oxford Quantum Circuits (OQC).

    Vulcan Energy Resources (VER) is committed to become the world’s first lithium company with a carbon neutral footprint through a ground-breaking lithium technology. AVEVA’s new partnership with Vulcan will focus on Vulcan Energy Resources €1.5billion engineering project in Germany’s Upper Rhine Valley – with AVEVA providing the digital backbone for the project. This collaboration supports both companies’ commitment to driving digital transformation and sustainability throughout the lifecycle of industrial assets.

    VER aims at decarbonising lithium production by developing the world’s first dual lithium chemicals and renewable energy business with net zero greenhouse gas emissions. CONNECT, will be used to enhance collaboration and foster digital agility across the different project phases and industrial assets. VER will gain access to a comprehensive suite of software solutions tailored to Phase One and future phases. Core components, such as AVEVA’s Contract Risk Management (CRM) and AVEVA Asset Information Management (AIM), as well as AVEVA’s cutting-edge digital twin and Assai’s Document Control and Management system, will enable secure data sharing among multiple stakeholders including contractors.

    “This collaboration supports our commitment to driving digital transformation and sustainability throughout the lifecycle of industrial assets. By collaborating with AVEVA, Vulcan can harness the full power of CONNECT to ease collaboration and accelerate the software underpinning their ground-breaking lithium technology.” comments Caspar Herzberg, CEO, AVEVA.

    Cris Moreno, CEO of Vulcan Energy Resources, said, “This MoU marks the beginning of a promising long-term collaboration between Vulcan and AVEVA. We are delighted to have AVEVA as a key partner in delivering world-leading digital solutions for Phase One of our integrated renewable energy and ZERO CARBON LITHIUM™ Project ecosystem and beyond.”

  • AVEVA Reveals Insights from 2023 Sustainability Report and Industrial Intelligence Index

    AVEVA Reveals Insights from 2023 Sustainability Report and Industrial Intelligence Index

    AVEVA launched its 2023 Sustainability Progress Report and the first edition of the AVEVA Industrial Intelligence Index at London Tech Week 2024. The company advocates for ethical and impact-driven AI that increases creativity and efficiency for a more sustainable world.

    In 2023, AVEVA continued to make progress on its core ESG framework objectives, including enabling the sustainable transformation of industry through its software, modelling environmental stewardship and ethical best practices, and fostering an inclusive workplace culture where every employee feels engaged and empowered to learn and grow.

    This fourth edition of the report is AVEVA’s first publication of ESG data and workstream advancements aligned to a calendar year reporting period. It details progress made in 2023 against three key pillars: Technology handprint, Operational footprint, and Inclusive culture.

    Technology handprint

    “Beyond our efforts to reduce our own carbon footprint, we recognize that our biggest opportunity to make a positive impact and accelerate our journey towards Net Zero is through our core products, digital solutions that can help industries improve efficiency, circularity, traceability and resilience” shared Lisa Wee, Global Head of Sustainability, AVEVA.

    Lisa Wee, Head of Global Sustainability, AVEVA

    In this regard, the company has developed a green new logo program that has supported in the first six months the deployment of clean tech activities for 25 customers. In addition, with 13 new case studies quantifying the reduction of emissions AVEVA software enables for customers, the company demonstrates how it walks the talk through tangible achievements contributing to sustainability. Last but not least, hackathons run in 2023 generated 80 sustainability-led technology ideas for future innovations.

    2023 also saw the launch of AVEVA’s Sustainability Accelerator program  to help advance sustainability use cases and capabilities across the company’s portfolio and partner ecosystem, including via AVEVA’s industrial intelligence platform, CONNECT.

    “AVEVA’s Sustainability Accelerator program aims to enable faster uptake of existing sustainability solutions across the industrial landscape while we continue to invest in product capabilities and partnerships that will push out the frontiers of sustainability innovation for the industry,” said Joana Mainguy, Director of Sustainability in charge of the program.

    Operational footprint

    In 2023, AVEVA met 4 out of 15 2025 ESG targets, including achieving a 93% reduction in scope 1 and scope 2 emissions through a combination of measures: the company procured 100% of renewable electricity in all global markets as per RE100 criteria, reduced its overall fleet by 21% over the year, with25% of the remaining fleet being hybrid or electric. Notable achievements related to upstream emissions include a 36% decrease in purchased goods and services and a 49% decrease in business travel emissions. The latter goes beyond AVEVA’s 2025 ESG goal of a 20% reduction and the company has launched an internal carbon budget to maintain this level of reduction where possible.

    Also, regarding scope 3, AVEVA has integrated e-waste data in the company’s emissions inventory under the waste category, and R&D teams completed power bench testing for the most energy-intensive AVEVA products, allowing for more accurate emissions calculations.  AVEVA also made strides in advancing circularity across the business.

    “Our initial target of diverting 5 tons of e-waste from landfill in 2025 was surpassed by 22.75 tons in 2023. We are evaluating how best to build on this achievement to drive greater awareness and alignment with circular economy principles100% of e-waste sent to our disposal partner is now diverted from landfill,” explained Lisa Wee.

    Inclusive culture

    AVEVA’s commitment to developing a workplace environment where all employees feel included and are treated with dignity and respect is also highlighted in the report.

    “Globally, with 39.9% of new hires, 29% of managers and 26.5% of leaders being women, AVEVA has significantly increased gender representation in 2023 and will continue initiatives to raise these numbers to 50% of new hires, 40% of managers and 30% of leaders by 2030.  We have also reached our goal of reducing the gender pay parity gap to less than 1% and are working enterprise-wide to maintain this progress” commented Lisa Wee. In addition, AVEVA demonstrated its commitment to society by donating £ 310,000 to causes supported by AVEVA employee communities around the world.

    AVEVA also launched diversity initiatives in key regions: In the US, the company has developed a partnership with two Historically Black Colleges and Universities (HBCUs) for an ‘AVEVA Scholars Program. Spanning three years, the program includes scholarships and immersive onsite experiences, ultimately paving the way for talented Black scholars in Engineering and Computer Science to join the AVEVA team upon graduation. The pilot will kick-off in mid-June 2024 with 12 students.

  • AVEVA Expands Operations With Saudi Arabia Office to Support the Kingdom’s Vision 2030

    AVEVA Expands Operations With Saudi Arabia Office to Support the Kingdom’s Vision 2030

    AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has announced its new office in Dhahran, Saudi Arabia.

    The new office represents AVEVA’s commitment to local service and optimizing resources for clients and partners. It will provide sales, services, project management and technical support to customers within Saudi Arabia and the wider region. By investing in local talent and fostering sustainable development across various industrial sectors, AVEVA also seeks to support the Kingdom’s “Vision 2030”

    AVEVA works with a number of key national industrial players in Saudi Arabia to unlock the benefits of digital technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Data Management, in line with the Kingdom’s move towards industrial sustainability.

    Nayef Bou Chaaya, Vice President, MEA, AVEVA commented: “Opening our new office in Saudi Arabia marks a pivotal moment for AVEVA. It represents our commitment to supporting the Kingdom in the ongoing digitization of its economy. The decision to consolidate our resources in Saudi Arabia is driven by the country’s strategic location, thriving business environment, and the continued growth of industries in the region. The move will streamline our operations, enhance collaboration, and enable us to better meet the evolving regional needs of our clients and partners, locally.”

  • AIQ and AVEVA announce strategic collaboration to pioneer industrial automation and operational efficiency

    AIQ and AVEVA announce strategic collaboration to pioneer industrial automation and operational efficiency

    AIQ and AVEVA, a global leader in industrial software, have announced a strategic agreement to develop the market-leading Neuron5 autonomous operations project.

    The memorandum of understanding (MOU) will incorporate AIQ’s and AVEVA’s advanced technologies into the project, which is designed to boost efficiency and enable the implementation of autonomous systems across the value chain.

    The partnership between AVEVA and AIQ will combine leading-edge technological expertise in implementing autonomous operations for multiple industrial assets. The aim is to reduce downtime, enhance asset availability, minimize manual control operations, and empower teams to take proactive, informed, actions, enhanced and accelerated by autonomous decision support.

    Joint surveys will be conducted to assess customers’ requirements for autonomous operation hardware and telecoms. There will also be training and skills development for engineers to focus on advanced analytics solutions. Both companies will also work towards the integration of multiple existing solutions into a unified, collaborative platform.

    Caspar Herzberg, CEO of AVEVA said: “This MOU is the latest in a succession of innovative projects and we look forward to leveraging our capabilities in industrial automation, AI and data ecosystems to create a new, more intuitive way of working with teams that empower individuals, unlock value and drive operational efficiency to ensure responsible use of resources.”

    Omar Al-Marzooqi, CEO of AIQ, commented: “We are excited to bring our advanced analytics and technological expertise to this collaboration. Together with AVEVA, we are confident in driving significant advancements in autonomous operations, and developing new technologies that will power a sustainable tomorrow for industry.”

     

  • Kent partners with AVEVA to become SI for AVEVA solutions for industrial customers

    Kent partners with AVEVA to become SI for AVEVA solutions for industrial customers

    AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has signed two contracts with Kent, the leading engineering company in oil and gas and low-carbon energy. As part of an enterprise agreement, AVEVA’s complete suite of cutting-edge cloud-based engineering software is now the primary choice for Kent’s upcoming digital projects in the energy industry. Alongside, a system integrator agreement will enable Kent to implement AVEVA solutions to industrial customers.

    The agreements build on a May 2022 strategic memorandum of understanding between the two companies. The enterprise contract will see Kent standardize its engineering and construction processes based on AVEVA products. An AVEVA Flex agreement, supports better collaboration within Kent’s global team while enhancing data integrity, transparency and project execution for traditional and new energy customers. Thanks to proven AVEVA’s EPC4.0 and digital twin solutions, customers can realize on-time and on-budget deliveries of capital assets.

    Under the second agreement, Kent is now an AVEVA-certified system integrator and will be able to implement AVEVA’s engineering and operations software for key players in the energy sector. Over the past year, AVEVA and Kent have successfully delivered two digital twin projects. The new system integrator agreement extends the potential of those gains to other companies.

    John Gilley, CEO, Kent, said AVEVA’s cloud-enabled software solutions will help Kent to deliver projects on time and on budget. “We are pleased to build on our partnership with AVEVA as we strengthen our digital competencies in traditional and renewable energy. AVEVA’s technology expertise, combined with Kent’s leadership in energy services, will help us create cutting-edge digital solutions that meet the evolving sustainability targets of our customers,” he said.

    The new agreements are testament to AVEVA’s end-to-end expertise in supporting project across their lifecycles, Gilley added. “In view of our recent successes with AVEVA’s digital twin software, as well as its wide experience and its flexible licensing policy, we are confident we can support other energy-sector companies to achieve their digital transformation goals in our new role as an AVEVA-certified system integrator.”

    Caspar Herzberg, CEO, AVEVA said, “Our collaboration with Kent sets a new standard in the delivery of digital services for the energy sector. The strategic partnership combines Kent’s deep domain knowledge, digital skills and service with AVEVA’s leading-edge portfolio to accelerate decarbonization and drive sustainability across the energy industry. This confluence of expertise and technology will empower customers to connect intelligence and insight for agile and innovative responses to the sectoral challenges during times of change and opportunity.”

    Digital transformation improves project and sustainability outcomes

    The agreements will bridge a significant market gap. Across the industrial world, 60% of oil and gas capital projects of $1 billion or more experienced schedule delays and 38% faced cost overruns, according to a 2019 analysis by consultancy firm EY. Such delays and overruns stem from challenges such as competing project execution priorities, issues with data reliability, and a lack of transparency and control throughout the project lifecycle.

    As energy sector companies look to meet net-zero targets, they are harnessing digital technologies to optimize and de-risk capital project design and operations for improved construction and materials management, and to ensure emissions traceability.

    The AVEVA and Kent partnership supports these evolving goals. Together with Kent, AVEVA will support energy sector clients in unlocking the competitive advantages of sustainability. New and existing plants can be designed for a net-zero world, and customers can understand the carbon impact of every process engineering decision. On-time and on-budget execution of capital projects can now be assured, with up to 30% greater engineering efficiency thanks to improved transparency and data-driven decision support.

    To this end, a living digital twin ensures seamless collaboration across the value chain. With a single source of real-time engineering data both on-prem and in the cloud, teams can make more informed process and equipment decision, and even go beyond capital project delivery to create new revenue streams – thus operationalizing innovation.

    Senior executives from AVEVA and Kent signing the agreement.
    Senior executives from AVEVA and Kent signing the agreement.
  • AVEVA appoints Dr Yanbing Li, Carl Bass as non-executive directors to its board

    AVEVA appoints Dr Yanbing Li, Carl Bass as non-executive directors to its board

    AVEVA, a global leader in industrial software, announced appointment of two new non-executive directors to its board this September. The appointments come as the company further strengthens its focus on the transition to Software-as-a- Service and expands in key markets including the US and China.

    Dr Yanbing Li is a global business and technology leader with extensive experience building market leading products and hyper-growth businesses of over US$1 billion. Deeply rooted in technology and engineering, she has led large-scale international business operations. She brings expertise in cloud commerce and enterprise software, and the evolving digital SaaS marketplace.

    Carl Bass is a former president and chief executive officer of industrial design software company Autodesk. He was credited with expanding Autodesk beyond its core software offerings through acquisitions and new product developments, leading the transition from 2D to 3D model-based design. Carl is co-founder of Flying Moose, Ithaca Software and buzzsaw.

    Caspar Herzberg, CEO of AVEVA, said: “We are delighted that Yanbing Li and Carl Bass have joined AVEVA’s board. It is a critical point in our commercial and software evolution, and their expertise and insight will be vital to us as we plan our strategy. I look forward to working with them as we continue to pioneer software that enables industry to be at the forefront of digital innovation.”

    AVEVA Chairperson Peter Herweck added: “The expansion of AVEVA’s board to include Yanbing Li and Carl Bass is an important step as we accelerate AVEVA’s SaaS strategy and drive deeper into high growth markets. Alongside our existing strong expertise and experience on the board, they bring expertise in engineering and design software, and seasoned experience of operating in global markets, particularly in Asia. I look forward to collaborating with them both to realize AVEVA’s next decade of growth.”

    AVEVA’s strategic focus is on becoming the number one SaaS provider of industrial intelligence. The company is currently evolving into a subscription-led business model.

    Since its foundation, AVEVA has grown from a niche design software developer to a leading global industrial software company. Today, AVEVA’s software drives efficiency and reduces costs for over 20,000 customers worldwide, including providing an end-to-end Digital Twin that spans the asset lifecycle from Engineering through to Operations and Maintenance across diverse industries worldwide.

  • Topsoe selects AVEVA for decarbonisation of green hydrogen production and other carbon neutral fuels

    Topsoe selects AVEVA for decarbonisation of green hydrogen production and other carbon neutral fuels

    AVEVA, has been selected by Topsoe to fast-track development of the decarbonization solutions needed for the production green hydrogen and other carbon neutral fuels. Topsoe will use AVEVA Process Simulation to model its Solid Oxide Electrolyzer Cells with a view to optimizing their design and developing their control strategy.

    To achieve global NetZero targets, a rapid decarbonization of all industries is essential, however not all of them can be easily electrified. These industries are often referred to as the hard-to-abate sectors and include heavy transportation such as shipping and aviation but also carbon intensive industries like steel manufacturing and petrochemical production. The challenge is finding and replacing fossil fuels with carbon-free alternatives. This is where Topsoe can help, and by using Topsoe’s highly efficient SOEC based electrolyzers, it’s possible to produce the green hydrogen needed to decarbonize many of these carbon intensive industries. Time is of the essence, and with its flexibility, open modeling, and ease of use, AVEVA Process Simulation1 is helping accelerate the energy transition by enabling Topsoe’s engineers to design and optimize their electrolyzers with increased speed and efficiency.

    Poul Georg Moses, Chief Technology Officer in Power-to-X at Topsoe, said: “Green hydrogen is essential for decarbonizing industries that cannot be easily electrified, and there is no time to waste if we’re to succeed in achieving global NetZero targets. Topsoe is already leading the way by building the world’s largest SOEC electrolyzer manufacturing facility, enabling us to deliver green hydrogen technologies Power-to-X solutions2 at industrial scale. The AVEVA Process Simulation software is a gamechanger for us, with its dynamic simulations we’re removing bottlenecks and speeding up the development of our solutions.”

    Tobias Scheele, Senior Vice President of Products at AVEVA, said: “We are pleased to expand our deep relationship with Topsoe as the Power-to-X industry develops. The successful energy transition will depend on how quickly industries can deliver low-carbon solutions at scale. We designed AVEVA Process Simulation to accelerate the engineering cycle, so innovations can be executed fast and deliver immediate carbon reductions.”

    Topsoe is a long-term AVEVA customer, using AVEVA PRO/II Simulation (formerly PRO/II) and AVEVA Dynamic Simulation (formerly DYNSIM) for decades. The Denmark-headquartered company is now adopting AVEVA Process Simulation so its engineers can design sustainable solutions as the global push towards net-zero emissions spurs demand for green energy products.

    Lisa Wee, Global Head of Sustainability at AVEVA, said: “AVEVA is committed to partnering with our customers to deliver a more sustainable and equitable future for all through technology. We recognize that the choices and actions taken in this decade by global industry will have impacts now and for generations to come. We are excited to be able to help accelerate the energy transition through the combination of our software and Topsoe’s innovative technology.”

    As of 2021, global electrolyzer manufacturing capacity is insufficient to meet net-zero requirements, according to the International Energy Agency. At present alkaline and proton exchange membrane electrolyzers account for the majority of production, with less than 0.1% of today’s hydrogen produced through electrolysis. As renewable energy becomes increasingly available at lower costs, Topsoe’s ultra-high-efficiency SOEC electrolyzers help maximize the delivery of clean hydrogen: the units deliver up to 30% more hydrogen from the same electricity volume at a 30% lower cost.

  • AVEVA strengthens leadership team with four new senior executive roles

    AVEVA strengthens leadership team with four new senior executive roles

    AVEVA has further strengthened its leadership team announcing four new senior executive roles as the company drives forward its new business model. The news follows the announcement in March of the company’s new Chief Executive Officer Caspar Herzberg, who took over the top job at AVEVA from Peter Herweck, now its chairperson. Herweck officially started as CEO of parent company Schneider Electric in May.

    Sue Quense, currently AVEVA’s Senior Vice President of Americas, takes on the newly created role of Chief Commercial Officer. Quense, based in Philadelphia, USA, has spent more than three decades in software sales leadership roles. She was a driving force at OSIsoft, which merged with AVEVA in 2021 to meet the expanding industrial intelligence of global enterprises and accelerate the evolution of the connected industrial economy.

    Marco Mueller, a long-time technology industry leader, joins AVEVA as Chief Marketing Officer and will be based in London, UK. He was formerly Senior Vice President Global Demand Marketing at ServiceNow, a leading cloud computing platform company headquartered in California’s Silicon Valley, for two and half years. Before that, Marco spent more than a decade in marketing executive roles with SAP, a market leader in enterprise application software where he led marketing teams across the globe. He began his career as a management consultant at Accenture in the high tech and consumer products industries.

    With AVEVA’s goal to support end-to-end product innovation, the research and development function and project delivery services will come together with the Business Units and Portfolio Management teams under the leadership of Rob McGreevy, Chief Product Officer.

    Iju Raj, who has spent the last five years heading up AVEVA’s cloud platform, takes on the role of Executive Vice President for R&D and will report to McGreevy. Based in India, Raj will be responsible for the day-to-day leadership and operations of R&D, driving efficient development processes, programs, and software innovation.

    Caspar Herzberg, CEO of AVEVA, said: “This is a pivotal moment in AVEVA’s 55-year heritage as a leading innovator of software and industrial sustainability. We are undergoing a portfolio-wide transition to a subscription-based business model, and I’m delighted to be adding such expertise and experience to the top table to further strengthen our growth plans.

    “To accelerate access to modern solutions and meet dynamic business needs, customers can trade-in their existing perpetual licenses for subscriptions spanning any mix of cloud, hybrid, and on-premises solutions across the design-operate-optimize industrial lifecycle. Sue, Marco, Rob and Iju will be instrumental in further enhancing our leadership team and driving growth.”

    Sue Quense, newly appointed Chief Commercial Officer at AVEVA, said: “This is an exciting time to be joining the executive leadership team, as we have ambitious plans. The AVEVA Flex subscription program revolutionizes the way our customers purchase and consume industrial software, enabling agility and access to our full portfolio as they navigate a rapidly changing business environment.”

    Marco Mueller, Chief Marketing Officer at AVEVA, said: “Marketing is at the center of successful companies, particularly in our sphere, and a strategic partner to the business. The key story is that we help industrial teams to unify and visualize their data into a digital backbone so that they can understand how to boost efficiency, drive sustainability, and optimize supply chains by sharing information with partners, customers and suppliers, regulators. We call this industrial intelligence-as-a-service.”

    Rob McGreevy, Chief Product Officer at AVEVA, said: “Bringing the corporate strategy, business, portfolio, delivery, and R&D together into one cohesive team makes a lot of sense as we evolve our business and drive towards an integrated portfolio and connected customer experience, enabled by our platform. We have an extraordinarily strong bench of research, development, portfolio, and domain experts – and I’m confident that the new structure will accelerate our ongoing transformation, both commercially and technically, to address our customers’ and partners’ shifting requirements.”

    Iju Raj, Executive Vice President of R&D at AVEVA, said:“I’m honored to have the opportunity to lead R&D at a company with an exceptional history of innovation. It’s at the heart of what we do. We’re helping industries engineer smarter, operate better, and improve efficiency. Around the world and across the entire industrial lifecycle, we’re collaborating with business leaders to drive sustainable innovation. My key focus will be on delivering faster customer value and accelerating their cloud transformation.”

     

  • AVEVA announces launch of  AVEVA Predictive Analytics software

    AVEVA announces launch of  AVEVA Predictive Analytics software

    The new release features automated model building. This new capability enables users to autonomously deploy new predictive models in a single action.  This greatly reduces the time required to deploy and scale the predictive maintenance solution while reducing errors and ensuring consistency in model development.

    Inderpreet Shoker, ARC Advisory Group said “With rising market pressures industrial organizations must find ways to facilitate agile, resilient, and profitable operations. The predictive analytics market continues to evolve as the technology has advanced to a point where the data can be leveraged in such a way that asset stakeholders can easily operationalize predictive monitoring of their assets at scale enabling rapid improvements in asset reliability and performance.”

    “Key for success is connecting data, systems and processes, enabling people throughout operations and maintenance to make, and act upon, decisions confidently. Scalability of predictive maintenance efforts for maximum return on investment will definitely be seen as a must have for many industries going forward.” Continued Inderpreet Shoker, ARC Advisory Group.

    AVEVA continues to deliver on market and customer requirements with a bring your own algorithm capability.  This enables data science teams to add their own artificial intelligence algorithms and intellectual property to the solution.  Furthermore, deep integration with the AVEVA PI System ensures AVEVA’s customers are continuing to capture increased value from their existing industrial software investments.

    Bleackley added: “This latest update demonstrates AVEVA’s continued leadership in creating innovative solutions that transform the global industrial analytics market.”