ABB Launches New Analytics and AI Software to Help Producers Optimize Operations in Demanding Market Conditions

  Enquiry / contact me

The analytics software and services combines operational data with engineering and IT data to deliver actionable intelligence

Artificial Intelligence

ABB Launches New Analytics and AI Software to Help Producers Optimize Operations in Demanding Market Conditions
ABB Launches New Analytics and AI Software to Help Producers Optimize Operations in Demanding Market Conditions
ABB Ability Genix Graphic
ABB Ability Genix Graphic

The ABB Ability™ Genix Industrial Analytics and AI Suite is a scalable advanced analytics platform with pre-built, easy-to-use applications and services. It collects, contextualizes and converts operational, engineering and information technology data into actionable insights that help industries improve operations, optimize asset management and streamline business processes safely and sustainably.

Analyst studies suggest that industrial companies typically are able to use only 20 percent of the data generated, which severely limits their ability to apply data analytics meaningfully. ABB’s new solution operates as a digital data convergence point where streams of information from diverse sources across the plant and enterprise are put into context through a unified analytics model. Application of artificial intelligence on this data produces meaningful insights for prediction and optimization that improve business performance.

Better use of operational data through the combination with engineering and IT data

“We believe that the place to start a data analytics journey in the process, energy and hybrid industries is by building on the existing digital technology – the automation that controls the production processes,” said Peter Terwiesch, President of ABB Industrial Automation. “We see a huge opportunity for our customers to use their data from operations better, by combining it with engineering and information technology data for multi-dimensional decision making. This new approach will help our customers make literally billions of better decisions.” 

ABB Ability™ Genix is composed of a data analytics platform and applications, supplemented by ABB services, that help customers decide which assets, processes and risk profiles can be improved, and assists customers in designing and applying those analytics. Featuring a library of applications, customers can subscribe to a variety of analytics on demand, as business needs dictate, speeding up the traditional process of requesting and scheduling support from suppliers.

Scalable from plant to enterprise, ABB Ability™ Genix supports a variety of deployments including cloud, hybrid and on-premise. ABB Ability™ Genix leverages Microsoft Azure for integrated cloud connectivity and services through ABB’s strategic partnership with Microsoft.

Accelerating business outcomes and protecting existing investments

“The ABB Ability™ Genix Suite brings unique value by unlocking the combined power of diverse data, domain knowledge, technology and AI,” said Rajesh Ramachandran, Chief Digital Officer for ABB Industrial Automation. “ABB Ability™ Genix helps asset-intensive producers with complex processes to make timely and accurate decisions through deep analytics and optimization across the plant and enterprise. “We have designed this modular and flexible suite so that customers at different stages in their digitalization journey can adopt ABB Ability™ Genix to accelerate business outcomes while protecting existing investments.”

A key component of ABB Ability™ Genix is the ABB Ability™ Edgenius Operations Data Manager that connects, collects, and analyzes operational technology data at the point of production. ABB Ability™ Edgenius uses data generated by operational technology such as DCS and devices to produce analytics that improve production processes and asset utilization. ABB Ability™ Edgenius can be deployed on its own, or integrated with ABB Ability™ Genix so that operational data is combined with other data for strategic business analytics.

“There is great value in data generated by automation that controls real-time production,” said Bernhard Eschermann, Chief Technology Officer for ABB Industrial Automation. “With ABB Ability™ Edgenius, we can pull data from these real-time control systems and make it available to predict issues and prescribe actions that help us use assets better and fine-tune production processes.”

Posted on July 31, 2020 - (561 views)
ABB Ltd
Affolternstrasse 44
8050 Zürich - Switzerland
+41-433177111
+41-433174420
View full company profile
Location
More products from this supplier
Virtual Round Table - Business Transformation in Critical Times: ABB
Modular Automation as a Strategy for Business Continuity
Predictive to Prescriptive?
Virtual Round Table - Digitalization on the Rise: ABB
Minimizing the ‘Human Factor’ to Improve Safety
Driving Amusement Safely: The Thrill is Guaranteed!
Related articles
Post-Corona Recovery: High demand for “Robotics Skills”
Protect Machines Using Sound, IoT and AI
Covid-19 – Using Digitalisation to Adapt and Survive in Manufacturing
The Power of Artificial Intelligence in Healthcare
The AI Powered Enterprise: Unlocking the Potential of AI at Scale
Rugged COM Express Type 6 Module
EuroTech enters IBM Edge Ecosystem
ROS 2 Robot Controller
''Artificial Intelligence Helps Simplify Telecommunications''
Camera-based Spindle Control
Post-Corona Recovery: High demand for “Robotics Skills”
Protect Machines Using Sound, IoT and AI
Visual Inspection with Plug & Inspect™ Technology
Visual Alert System in Case of Fall
Digital Platform for Energy Optimization
Automated ML Platform
Anti-collision Camera
Eurotech Congratulated by Frost & Sullivan for its Everyware Cloud
DataWalk Extends Data Analysis Solution to Help Goverments Fight Coronavirus
Data Extraction with AI-powered Anomaly Detection