Yokogawa to Launch Cloud-based OpreX Asset Health Insights Service

Tokyo, Japan - June 6, 2022

Yokogawa Electric Corporation (TOKYO: 6841) announces that it will release the OpreX™ Asset Health Insights today. A new addition to the OpreX Asset Management and Integrity family, Asset Health Insights is a cloud-based plant asset monitoring service that collects, refines, and aggregates operational technology (OT) data from distributed assets. The service offers a real-time connection with assets from anywhere in the world, giving organizations a 360-degree view of operational assets that eases the task of asset management and increases both operational and business efficiency.

Asset Health Insights is supported by an out-of-the-box framework for data enablement that will improve the health and extend the lifecycle of any asset by monitoring its performance in real-time, making it possible to predict and proactively respond to events before they can happen. The service allows customers to easily model and manage data based on the plant hierarchy defined in the ISA-95 standard. Asset Health Insights is powered by Yokogawa Cloud*1 and is equipped with artificial intelligence (AI)-machine learning (ML) analytics capability.

Development Background

As the adoption of Industry 4.0 technologies continues to gain pace, companies are changing the way they do asset management by introducing cloud-based technologies that can monitor assets from anywhere in the world and optimize their performance in real-time.

Driven by customers' focus on integrated, remote, and increasingly autonomous operations, the company developed Asset Health Insights to make data more visible, integrated, and actionable. It can be used for a variety of purposes, from streamlining operations that rely on manual workflows to more advanced operations that are building a digital society by such means as adopting industrial internet-of-things systems, implementing smart manufacturing, and shifting from on-premises to the cloud. This will also lead to the realization of Industrial Automation to Industrial Autonomy (IA2IA) and smart manufacturing.

With Asset Health Insights, users can consolidate siloed asset data with a unified model that shares information in real-time. This eliminates the need for costly maintenance on well-functioning equipment, improving efficiency and reducing downtime, allowing customers to focus on managing their assets.

Features

  1. Monitors any asset type
    Asset Health Insights can monitor any type of asset, from sensors to pumps, chillers, compressors, turbines, and more. The service will connect to newer and older types of sensors, including those used for pressure, flow, temperature, and vibration.
  2. Combines real-time and/or historical asset data with powerful AI/ML
    The combination of real-time asset data and AI/ML helps to predict future events, so advance planning can be done to minimize unnecessary maintenance. It also uses real-time and historical benchmark data to predict signs of failure and suggest its cause.
  3. 360-degree view of operational assets
    Asset Health Insights utilizes siloed asset data with a unified model that shares information in real-time and examines each asset and situation for multiple purposes, such as energy, asset performance, and maintenance optimization. With an intuitive interface, the dashboard can present a variety of real-time data from any asset.

    Screenshot of the Asset Health Insights dashboard powered by Yokogawa Cloud
    Screenshot of the Asset Health Insights dashboard powered by Yokogawa Cloud: An intuitive interface giving a 360-degree real-time view of operational assets
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  4. Easy, flexible deployment, and simple setup
    Prebuilt integration templates and an intuitive dashboard allow for a quick and simple setup that is infrastructure agnostic. When combined with a module-based business model, this makes for faster development, improved scalability, and easier integration with enterprise applications.

 

*1 Yokogawa Cloud is a digital innovation platform that accelerates industrial autonomy and smart manufacturing for future-proof businesses. The platform unifies data, systems, plants, and assets to deliver data-driven insights for smarter, safer, more efficient operations. Yokogawa Cloud is extensible, built for the cloud, and deployable on your choice of infrastructure. https://www.yokogawa.com/yokogawacloud

Major Target Markets

Oil and gas, petrochemicals, chemicals, iron and steel, pulp and paper, electric power, and wastewater treatment, pharmaceutical and food

Applications

Asset monitoring, asset performance management, energy management, and data enablement

About OpreX

OpreX is the comprehensive brand for Yokogawa's industrial automation (IA) and control business. The OpreX name stands for excellence in the technologies and solutions that Yokogawa cultivates through the co-creation of value with its customers, and encompasses the entire range of Yokogawa's IA products, services, and solutions. This brand comprises the following five categories: OpreX Transformation, OpreX Control, OpreX Measurement, OpreX Execution, and OpreX Lifecycle. Asset Health Insights, an OpreX Asset Management and Integrity family solution, is in the OpreX Transformation category. OpreX Transformation delivers operational excellence throughout an enterprise's activities, from production through to supply chain optimization and risk and business management.

 

About Yokogawa

Yokogawa provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations.
Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,500 employees in a global network of 119 companies spanning 61 countries.
For more information, visit www.yokogawa.com

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.

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