Introducing a case study on the use of the PI System to improve equipment reliability and performance: Avoiding a loss of $650,000 due to unexpected operational downtime.
Flowserve Corporation, headquartered in the United States, is a global company specializing in fluid control equipment, including pumps and mechanical seals. In this instance, we will introduce a case where Flowserve's global rotating equipment monitoring solution was realized through OSIsoft's connected services. Currently, manufacturers around the world are embarking on strategies to integrate digital intelligence into industrial equipment to improve uptime, prevent accidents, and enhance the bottom line. The amount lost by the process industry due to unexpected downtime and inadequate maintenance reaches $20 billion worldwide. Approximately 80% of these losses could be prevented if information were accessible at an early stage. [Case Overview] ■ Industry: Manufacturing ■ Business Value IoT, remote performance monitoring, collaborative data ecosystem Aftermarket (maintenance) service provider for industrial applications Connected services, OEM *For more details, please refer to the PDF document or feel free to contact us.
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Founded in 1967 in Cambridge, England, AVEVA has established a global presence, and its industrial software supports the United Nations Sustainable Development Goals (SDGs). Additionally, AVEVA connects people with reliable information and insights, effectively supporting the optimal use of resources worldwide. Over 90% of major companies in 12 key industries globally utilize AVEVA's solutions to provide essential services such as safe and reliable energy, food, infrastructure, and transportation. As a global leader in engineering and industrial software, AVEVA partnered with OSIsoft in 2020 to meet the growing information management needs of industrial companies and accelerate digital transformation. The integration of both companies' portfolios allows for the combination of OSIsoft's world-class data management with AVEVA's industry-leading industrial software, enabling Performance Intelligence.