Artificial Intelligence
The Global Field Device Management Market size is expected to reach $2 billion by 2025, rising at a market growth of 7.3% CAGR during the forecast period
New York, Jan. 14, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Field Device Management Market (2019-2025)” – https://www.reportlinker.com/p05838698/?utm_source=GNW
It is highly demanded in the development of industry 4.0 and smart factories due to its centralized procurement of equipment with enhanced security. With the advent of IoT and digitalization, Industry 4.0’s progress has been significantly enhanced, directly driving market growth.
The major factor driving the growth of this FDM market is the notable change from conventional technology to automated and smart technologies. The digitalization introduced on the entire product lifecycle helps companies to develop products faster and to introduce devices that are enabled by smart technology. Increasing penetration of smart factory and deployment of Industry 4.0 and IoT in several verticals has opened up a tremendous opportunity for the FDM industry, as automotive and manufacturing industries need FDM solutions because of mass production. In order to reduce operating and maintenance costs, mass production contributes to the need for field device management systems.
Based on Industry, the market is segmented into Process Industries and Discrete Industry. The process industries are accounting for the highest market share due to the advent of big data and industry 4.0 opportunities. Because process industries need essential monitoring and control systems, for process industries, many smart field devices and sensors have been introduced. Process industries segment is further segmented into Energy & Utilities, Oil & Gas, Metals & Mining, Chemicals & Pharmaceuticals, Food & Beverages and Others. Discrete Industry is further bifurcated into Automotive, Manufacturing and Aerospace & Defense. Based on Offering, the market is segmented into Software and Hardware. Based on Deployment Type, the market is segmented into On Premise and Cloud.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Due to North America’s leading industrial automation industry, North America’s field device management market accounted for a significant market share. The region of North America is characterized by a large number of populations with expanded buying power and constant automation investments. It is predicted that the APAC region will have the highest CAGR in the future. Growing infrastructural investments in the energy and power industries due to increased demand for electricity; increasing demand in the food and beverages and oil and gas industries due to the massive population; and steady growth in industrial automation due to rapid industrialization and favorable government regulations are key factors driving market growth in the APAC region.
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Honeywell International, Inc. and Siemens AG are some of the forerunners in the Field Device Management Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Yokogawa Electric Corporation, Siemens AG, Emerson Electric Co., Honeywell International, Inc., ABB Group, Schneider Electric SE, Rockwell Automation, Inc., Omron Corporation, Mitsubishi Electric Corporation and Azbil Corporation.
Recent strategies deployed in Field Device Management Market
Partnerships, Collaborations, and Agreements:
Nov-2019: Yokogawa Electric teamed up with MetaMoJi Corporation for jointly developing the SensPlus Note, an easy to implement and low cost solution for digitization of plant data on mobile devices. This solution is aimed at improving the quality and efficiency of maintenance works and the precision of post-maintenance analysis through enabling the data from plant field work to be used more efficiently.
Sep-2019: Emerson signed partnership agreement with Cisco for introducing next-generation industrial wireless networking solution, which transforms the data management for the improvement of safety, plant productivity, and reliability. The new solution, Emerson Wireless 1410S Gateway with Cisco Catalyst® IW6300 Heavy Duty Series Access Point integrates the latest in wireless technology with advanced WirelessHART® sensor technology. This delivers highly secure and reliable data in the harshest industrial environments.
Aug-2019: ABB announced that it has been selected by Sappi, a producer of dissolving wood pulp. In this agreement, ABB supplies procurement, engineering, and construction for control, electrical, and instrumentation portion of a project in South Africa. This is the first paper and pulp project that uses the single channel, Ethernet-based Select IO.
Jun-2019: ABB signed an agreement with HPE on wireless connectivity for the large industrial customers in which the ABB sensors attached to industrial equipment are connected to the cloud via HPE gateways. This integration offers the industrial companies the chance for predictive maintenance and to run condition monitoring on their pumps, bearings, motors, and other industrial components.
May-2019: Honeywell teamed up with Ouman, the leader in producing HVAC controllers. The collaboration is aimed at accelerating the sales of field devices in Baltics and Nordics. It also focused towards their co-operation in HVAC technologies.
May-2019: ABB teamed up with Kemira for digitalization of water treatment process. This would be done through integrating ABB’s integrated automation solutions, critical field and plant components with Kemira’s strong chemistry and smart process optimization expertise in municipal and industrial water treatment. This improves the efficiency and performance of operations.
Mar-2019: Siemens came into partnership with Litmus Automation, an Industrial Internet of Things (IIoT) platform provider. In this partnership, Litmus joined the MindSphere Partner Program, the Siemens partner program for Industrial IoT solutions and technology providers. This partnership allows Siemens to bring the powerful edge computing to MindSphere ecosystem in order to improve the customers’ ability in gathering valuable data from edge.
Mar-2019: Emerson partnered with Repsol, an energy company. The partnership allows Repsol and Emerson to produce commercially available software products for license for helping the services and oil field operator companies.
Feb-2019: Rockwell Automation signed an agreement with Schlumberger, a leading provider of technologies for oil and gas industry. They both agreed to establish a joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider. The JV helps the customers driving efficiency gains through measurement and data driven intelligent automation.
Jan-2019: Omron teamed up with Aegis Software, a provider of Manufacturing Execution Software (MES). In this collaboration, Aegis’ FactoryLogix MES platform is integrated with Omron Inspection Systems’ complete suite of award-winning SPI (Solder Paste Inspection) and AOI (Automated Optical Inspection) systems. This integration offers Omron customers with an enhanced automated method for the identification and collection of manufacturing defect data and improved quality control while inspection.
Acquisition and Mergers:
Jul-2019: Emerson acquired Zedi’s software and automation businesses. Zedi’s technology allows the customers in monitoring thousands of devices and applications and more than 2 million sensors. The addition of Zedi’s cloud supervisory control and data acquisition (SCADA) platform enables Emerson to help oil and gas producers in lowering the operating costs and increase production through cloud-based control, monitoring, and optimization.
Jun-2019: Mitsubishi Electric announced that it has acquired Iconics, Inc. for establishing a software center of excellence and strengthens its software portfolio. Iconics software has been used in SCADA, mobile, HMI, analytics, IoT, and cloud applications.
Dec-2018: Emerson took over iSolutions, Inc., a consulting group with the expertise implementing and designing data management solutions. The acquisition accelerates the delivery of Emerson’s new digital transformation roadmap through adding the proven skillsets in information technology. iSolutions offers decision-support tools to organizations for making data-driven production and operational decisions based on analysis of real-time insights from integrated field and plant systems.
Jul-2017: Yokogawa Electric acquired TechInvent2 AS, an enterprise that holds the rights to FluidCom, a chemical injection metering valve. The acquisition bolsters Yokogawa’s capabilities in improving operational efficiency, enhances health, reduction in operational costs, and enhances the safety and environment.
Geographical Expansions:
Aug-2019: Azbil opened a new production unit at its main factory near Shonan city in Japan. This new production unit would be the part of ’mother factory’. This new unit is aimed at consolidating the domestic factories in order to create and advanced production network, which brings humans, machines, and processes together.
Jul-2018: Azbil expanded its reach to Asia by opening a new strategic planning and development office in Singapore. This new office has been opened for expanding its business through introducing advanced business models such as ’Energy Management’ business.
Product Launches and Product Expansions:
Dec-2019: Siemens has launched Simatic ET 200eco PN, a new generation of machine-level block I/O devices. The new I/O family with IP65/67 degree of protection includes an IO-Link master device and five digital I/O devices and provides the users a complete range of new functions for modern machine concepts and requirements.
Sep-2019: Schneider Electric introduced new IIoT-based products for water industry. These products include EcoStruxure Pumping Performance Advisor, EcoStruxure Hybrid DCS, and EcoStruxure Augmented Operator Advisor for PROficient Premier Access Portal. These new products offer greater operational insights and process data.
Apr-2019: Rockwell Automation unveiled FactoryTalk Analytics LogixAI module that uses artificial intelligence for detecting the anomalies in production and alerts the workers. This helps the workers in making better production decisions.
Mar-2019: ABB introduced novel Distributed Control System (DCS) 800xA 6.1 that offers additional high integrity controllers, Ethernet I/O solutions, and several engineering tools. The hardware footprint and testing efforts has been reduced remarkably through this new system. Also, the standardized cabinets-which are pretested can be connected directly into field devices and eliminates the requirements for physical marshaling cabinets.
Mar-2019: ABB released Ability™ Wellhead Manager, a new system for the optimization of oil and gas operations worldwide. This system can gain insights about their production assets anywhere in the world. The system supports better decision making, with the field production data gathered and visualized digitally with the use of progressive web applications.
Feb-2019: Siemens introduced PDM Maintenance Station V3.0, a tool that efficiently monitors the condition of smart field devices irrespective of the control systems or the automation systems used. It is a universal, non-proprietary tool for parameterization, configuration, monitoring, and commissioning of smart field devices.
Feb-2019: Emerson announced the launch of AMS Device Manager, plant asset management software. This software improves the plant reliability through organized data for informed and proactive management of field devices. This software’s enhanced bulk transfer offers the tools to configure whole system automatically.
Feb-2019: ABB announced the launch of new ABB Ability e-mesh solution; a new solution provides an integrated single and unified view of their distributed energy resources to the power grid operators. The solution enables the industries, utilities, independent power producers, and operators for making faster, smarter, and more effective decisions by controlling and monitoring their sites and fleets remotely.
Feb-2019: Mitsubishi extended its MELIPC series of industrial PCs for control applications and edge computing with the launch of two new MI3000 units. These units’ offers scalability and flexibility for enabling the optimal system design for wide range of applications.
Jan-2019: Yokogawa launched FieldMate Version 3.0, a PC/Tablet based-configuration tool. This tool enables the users in performing initial instrumentation equipment setups, troubleshooting, daily maintenance, and historical record keeping. This tool features integrated communication paths for the process automation protocols such as FOUNDATION fieldbus, PROFIBUS, ISA100.11a wireless, HART, Modbus, and Yokogawa’s proprietary BRAIN protocol.
Scope of the Study
Market Segmentation:
By Industry
• Process Industries
o Energy & Utilities
o Oil & Gas
o Metals & Mining
o Chemicals & Pharmaceuticals
o Food & Beverages
o Others
• Discrete Industry
o Automotive
o Manufacturing
o Aerospace & Defense
By Offering
• Software
• Hardware
By Deployment Type
• On Premise
• Cloud
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Yokogawa Electric Corporation
• Siemens AG
• Emerson Electric Co.
• Honeywell International, Inc.
• ABB Group
• Schneider Electric SE
• Rockwell Automation, Inc.
• Omron Corporation
• Mitsubishi Electric Corporation
• Azbil Corporation
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
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Artificial Intelligence
Metabolon Now Includes Spectral Data Files for All Global Discovery Panel Projects
MORRISVILLE, N.C., May 28, 2024 /PRNewswire/ — Metabolon, Inc., the global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications, today announced the availability of spectral data files as an option for Global Discovery Panel projects, providing clients with an enhanced level of detail and transparency in metabolomics analysis. The addition of spectral data further complements Metabolon’s robust suite of metabolomics offerings, including the largest Level 1 library of metabolites, an advanced bioinformatics platform, and expert scientific support.
Spectral data is the initial data generated during a mass spectrometry (MS)- based metabolomic analysis. Spectral data contains a wealth of information about the metabolites present in a sample, including their chemical structure, concentration, and interactions with other molecules. Metabolon facilitates further exploration of the dark metabolome and validation of findings by offering spectral data files as an option with Global Discovery Panel projects. These data should enable the discovery of unique metabolites and biomarkers.
“The availability of spectral data enhancement not only provides clients with a more comprehensive view of their metabolomics data but also reinforces our commitment to transparency and delivering unparalleled value to our clients,” said Ro Hastie, CEO at Metabolon.
This significant update underscores Metabolon’s commitment to providing comprehensive and actionable insights to empower scientific discoveries and drive advancements in healthcare and multiomics research. Visit https://www.metabolon.com/ to learn more about how Metabolon deciphers thousands of discrete chemical signals to discover biomarkers and reveal biological pathways.
About Metabolon Metabolon, Inc. is the global leader in metabolomics, with a mission to deliver biochemical data and insights that expand and accelerate the impact of life sciences research and complement other ‘omics’ technologies. With more than 20 years, 10,000+ projects, 3,000+ publications, and ISO 9001:2015, CLIA, and CAP certifications, Metabolon has developed industry-leading scientific, technology, and bioinformatics techniques. Metabolon’s Global Discovery Panel is enabled by the world’s largest proprietary metabolomics reference library. Metabolon’s industry-leading data and translational science expertise help customers and partners address some of the most challenging and pressing questions in the life sciences, accelerating research and enhancing development success. The company offers scalable, customizable multiomics solutions, including metabolomics and lipidomics supporting customer needs from discovery through clinical trials and product life-cycle management. For more information, please visit www.metabolon.com and follow us on LinkedIn and Twitter.
About MetabolomicsMetabolomics, the large-scale study of all small molecules in a biological system, is the only ‘omics technology that provides a complete current-state functional readout of a biological system. Metabolomics helps researchers see beyond the genetic variation of individuals, capturing the combined impact of genetic as well as external factors such as the effect of drugs, diet, lifestyle, and the microbiome on human health. By measuring thousands of discrete chemical signals that form biological pathways in the body, metabolomics can reveal important biomarkers enabling a better understanding of a drug’s mechanism of action, pharmacodynamics, and safety profile, as well as individual responses to therapy.
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Artificial Intelligence
Caseware Introduces AiDA: The AI-Powered Digital Assistant Changing the Face of Accounting and Audit
TORONTO, May 28, 2024 /PRNewswire/ — Caseware International, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, is delighted to announce the pre-launch availability of Caseware AiDA, its Artificial Intelligence digital assistant. As the latest enhancement to the industry-leading Caseware Cloud platform, AiDA complements Caseware’s comprehensive suite of solutions created with accounting, audit and finance professionals in mind.
AiDA is designed to enhance efficiency, ensure compliance and provide precise, context-aware responses to profession-specific enquiries enabling accounting, audit and finance experts to work more efficiently, collaborate with greater effectiveness and gain deeper insights.
Whether providing timely responses to methodology or compliance questions, supporting the processing and analysis of audit evidence, or assisting with the production of key audit workpapers and deliverables, AiDA empowers professional users to achieve more with less effort. This will, in turn, drive practice growth and power the financial success of clients.
David Osborne, Chief Executive Officer at Caseware International remarked, “Caseware AiDA is the future. Our vision is to place powerful tools in the hands of our clients, enabling them to do their work better than they have ever done before. This release is just the beginning of a wave of innovation in AI and it demonstrates the focus we have on our accelerated roadmap to build out our offering on the Caseware Cloud platform. Caseware AiDA offers powerful digital assistance to accountants and is further proof of the ways in which Caseware is underpinning the relevance of the profession.”
Some of the benefits to be gained from Caseware AiDA include:
Enhanced workflow efficiency with precision and relevance – whether summarizing lengthy PDFs or providing informed answers about your documentation in the moment, AiDA helps you work smarter, not harder.Reassurance around security and compliance – with AiDA, no prompts are stored or fed back into the model. Users can trust AiDA to maintain the highest data security and compliance standards that Caseware has always delivered for the profession.Assistance with routine tasks – AiDA assists with mundane tasks, enabling professionals to focus on strategic decision-making.Focus on quality output – AiDA delivers a safe and fit-for-purpose resource which ensures efficient workflows for clients.Feedback on AiDA has underscored the demand for tailored, secure AI solutions in professional environments. Danielle Supkis Cheek, VP, Head of Analytics and AI at Caseware International commented, “We recently showcased AiDA to a number of clients beyond our beta phase community at Caseware’s 2024 North American User Group. The response was phenomenal and, in line with our roadmap, we’re excited to continue to enhance AiDA based on user feedback and technological advancements.”
Currently available to Caseware Cloud customers in the United States for early access, AiDA will ultimately be available across the globe and, specifically, in Australia, Canada and Europe later this year. Soon, AiDA will be a core component of all cloud-enabled solutions, across all regions. AiDA’s capabilities are constantly evolving, including better context awareness in document interactions and more extensive support for multilingual queries. AiDA is set to transform how professionals in the accounting and audit fields manage their tasks, offering unparalleled support and efficiency.
Caseware AiDA (pronounced AY-duh) draws inspiration from Ada Lovelace, whose impact on scientific computing continues to influence generations of technologists and mathematicians around the world.
Caseware encourages users to explore AiDA’s features and experience the future of digital assistance. To see AiDA in action, join us at ENGAGE at the ARIA Resort & Casino from June 3-6 or sign up to hear more from Danielle Supkis Cheek at the Streamlining Audits with AI: Efficiency and Quality Gains webinar taking place at 11:00 AM ET on July, 18.
About Caseware InternationalCaseware is the leading global provider of desktop and cloud-enabled solutions for audit, assurance, financial reporting and data analytics for accounting firms, corporations, and government regulators. Caseware’s innovative tools and platforms help more than half a million customers in 130 countries work smarter, dig deeper and see further as they transform insights into impact. For more information, visit www.caseware.com.
Notes to editorsIn the event of media enquiries, please contact:Jill QuinnDirector of Corporate CommunicationsCaseware [email protected]
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Artificial Intelligence
LONGi announces the “Lighthouse Project” to expand the agile intelligent manufacturing to more of its own production bases across the globe
JIAXING, China, May 28, 2024 /PRNewswire/ — On May 23rd, LONGi Green Energy Technology Co., Ltd. (hereinafter referred to as “LONGi “), a global leader in solar technology, officially announced the “Lighthouse Project”, which will continue to rapidly expand the agile intelligent manufacturing model of LONGi’s Jiaxing Lighthouse Factory to more production and manufacturing bases, achieving a comprehensive upgrade of production intelligent manufacturing capabilities. This sets a digitalization benchmark for high-quality development in the PV industry and leads the way forward.
The first “Lighthouse Factory” in the global PV industry – LONGi’s Jiaxing Production Base, lifted the mysterious veil for the public. An experience group composed of industry experts, customer representatives, and media journalists became the first visitors to LONGi’s Jiaxing Lighthouse Factory, immersing themselves in the production line and experiencing the charm of “Lighthouse Factory” intelligent manufacturing.
Established in 2020, LONGi’s Jiaxing Production Base mainly produces LONGi’s BC (Back-Contact) series of high-efficiency solar modules. It has Phase I, II, and III factories, covering a total area of more than 1,300 acres, with 51 intelligent production lines and an overall module production capacity exceeding 35GW, making it one of the largest industrial clusters in the industry.
On December 14, 2023, the World Economic Forum (WEF) released a new batch of “Lighthouse Network” lists, and LONGi’s Jiaxing Production Base was the only factory in the global PV industry to be included. This signifies that LONGi’s achievements in intelligent manufacturing and digitalization are leading globally, becoming a representative of advanced manufacturing, and the first global “Lighthouse Factory” in the PV industry has attracted much attention.
During this close-up experience at LONGi’s Jiaxing Lighthouse Factory, all members of the experience group expressed their shock and unprecedentedly felt the disruptive upgrade of AI intelligence to traditional industry. The innovation of LONGi’s Jiaxing Lighthouse Factory is not only in the transformation of production line automation and intelligence but also in the reconstruction of production relations. AI intelligence has become the brain of production management, continuously innovating autonomously based on big data models, achieving a truly meaningful intelligent manufacturing upgrade and self-driving force, and safeguarding quality and efficiency.
LONGi’s Jiaxing Lighthouse Factory has built over 30 digital use cases, achieving a 43% increase in product quality reliability, an 84% reduction in product production and delivery cycle, and a 20% reduction in overall unit energy consumption at the base, becoming a model of high-quality development in the photovoltaic industry.
The most core aspect of LONGi’s Jiaxing Lighthouse Factory is the five major coolest technologies. AI intelligent distribution of solar cells realizes precise delivery of customer needs, ensuring efficient production by intelligently optimizing daily production plans. More flexible automation in production ensures the standardization of each link in the module production process, fully meeting the customized scene requirements of customers. AI quality inspection throughout the entire life cycle of product production leaves no place for quality hazards, ensuring the quality of the product is as solid as a rock. The end-to-end delivery system has reconstructed the intelligent management of order production and delivery cycles, achieving rapid and high-quality satisfaction of customer product needs. Intelligent human resource management has greatly improved production efficiency while enhancing the innovation of employees, transforming each excellent skill and experience into data, continuously optimizing skills and management autonomously, ensuring the optimal arrangement of order demands and human resources, and effectively guaranteeing high-quality product output.
The combination of artificial intelligence, big data, cloud platforms, and industrial muscles is the four elements that make LONGi’s Jiaxing Lighthouse Factory successful, and also the core of LONGi’s intelligent manufacturing. LONGi’s BC (Back-Contact) full-scene products have also reached a new level under the support of LONGi’s intelligent manufacturing. The reason why TaiRay silicon wafers, HPBC2.0, Hi-MO 9, Hi-MO X6 Max, and other major products have concentrated on explosions this year is due to LONGi’s intelligent manufacturing’s absolute satisfaction in understanding customer needs.
LONGi’s Vice President Zhang Haimeng said in his keynote speech: Since the official announcement of BC (Back-Contact) technology last September, LONGi has released multiple new scene-based module products. Whether it is anti-dust accumulation or heat and humidity resistance, the core purpose is to meet the customized needs of customers through differentiated innovation. All of this is inseparable from the confidence in production strength brought by LONGi’s intelligent manufacturing, and it is also the strong support of LONGi’s intelligent manufacturing that has truly implemented “customer-centric.”
During the panel session of the day, Hu Zhifeng, Head of Intelligent Manufacturing Department, Module Manufacturing Center of LONGi, revealed that the newly launched Hi-MO X6 Max modules will be officially put into production at LONGi’s Jiaxing Lighthouse Factory in the near future. With the help of digital and intelligent means, product quality is improved, and energy consumption is reduced. “Use the most advanced production technology to achieve the highest level of technical products and create higher value for customers.”
LONGi has always adhered to the core value of customer value, providing customers with high-value and reliable products as its own responsibility, continuously exploring new paths for the clean energy industry, from efficiency research and development to product and solution scenario, from traditional manufacturing to intelligent manufacturing driven by digitalization, step by step towards a green energy world, leading the global energy transition with LONGi’s intelligent manufacturing.
About LONGi
Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.
Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com
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