SAN FRANCISCO--(BUSINESS WIRE)--OSIsoft, a leader in operational intelligence, today unveiled Marketplace, an online collection of software and hardware solutions for accelerating digital transformation for the industrial world.
Marketplace is designed to link utilities, energy companies, manufacturers, food and beverage producers and other industrial customers with the 300+ hardware, software, and integration partners in the OSIsoft Partner EcoSphere as well as the 2600 third-party developers in the PI Developers Club. On Marketplace, customers can discover and compare leading solutions for the Internet of Things, predictive analytics and machine learning, reducing asset downtime, data visualization and cloud-based analytics. Customers can also engage specialists for remote asset and process monitoring, condition-based maintenance, and performance benchmarking.
Investments in Internet of Things (IoT) platforms, including acquisitions, was over $2 billion in 2016, according to Lux Research. With the announcement of Marketplace, the PI System – OSIsoft’s flagship product – is positioned to remain the leading application-ready data infrastructure for Industrial IoT.
“Industrial transformation is one of the largest, and most challenging, economic opportunities of our time. Marketplace will help our customers extend the value of their existing investments while laying the groundwork for new digital services,” said Martin Otterson, Senior Vice President of Customer Success at OSIsoft. “With Marketplace, customers will be able to connect with companies and service providers with deep experience in their fields and accelerate their journey for digital transformation.”
OSIsoft Marketplace participants and solutions include:
- National Instruments (NI) provides LabVIEW system design software and NI InsightCM ™ Enterprise software for condition monitoring, which can bidirectionally communicate with the PI System.
- Rockwell Automation, which integrates the PI System into its FactoryTalk platform, making it easy to aggregate plant automation data across the enterprise for real-time insights.
- Power Factors, providing high-quality, independent performance data for renewable energy, which allows owners and operators to standardize across their diverse portfolios and drive improvements in the physical and financial performance of their assets.
- Element Analytics, an advanced industrial analytics software company that rapidly builds Asset Frameworks through software and empowers organizations to achieve new levels of operational performance, by rapidly turning data into actionable reliability, productivity, and sustainability insights.
- eVision Industry Software creates best-in-class Control of Work software. Innovative solutions that improve the way oil, gas, chemical and other hazardous industries operate on a global and local scale. eVision’s integration with the PI System provides users with real-time situational awareness, from permit draft to control room.
“One of the reasons that we have chosen to partner with OSIsoft is that the PI System is the industrial gold standard. Sensor data residing in the PI System is at the heart of the machine learning models that Element Analytics builds. The data infrastructure is robust and proven; exactly what we need to get sensor data to the cloud in order to build predictive and diagnostic analytics for industry,” said Sameer Kalwani, Founder and VP of Product at Element Analytics.
“Leading systems need to work together for the Internet of Things to succeed,” said John Genovesi, VP of Information Software and Process Business at Rockwell Automation. “Companies need interoperability between vendors in their technology stack. Our partnership with OSIsoft allows us to create a seamless experience between our automation software and the industry-leading data infrastructure. For our customers, this makes a truly connected enterprise possible.”
“National Instruments real-time platforms for data acquisition and control, combined with the latest data management and visualization technologies of OSIsoft PI System create a solid foundation for advanced applications that help reduce risk and cost,” said Chad Chesney, Vice President – Product Marketing for Data Acquisition at NI. “The openness and flexibility of a software-first approach can help engineers meet the demands of rapidly expanding requirements both today and in the future.”
The Expanding Universe of PI System Technology
OSIsoft’s flagship product, the PI System, is one of the world’s most widely-used technologies for the Industrial Internet of Things. The PI System captures data from sensors, manufacturing equipment and other devices and transforms it into rich, real-time insights that engineers, executives and partners can use to reduce costs, dramatically improve overall productivity, and create new connected services and smart devices.
Some of the world’s largest organizations, including over 1,000 leading utilities, 95 percent of the largest oil and gas companies and more than 65 percent of the Fortune 500 industrial companies, rely on the high-fidelity insights from the PI System to manage their businesses. Worldwide, over 1.5 billion sensors serve data to the PI System.
The OSIsoft partner EcoSphere helps customers maximize the value of their PI System infrastructure. Over 300 companies are official members of the OSIsoft Partner EcoSphere. In addition to the Marketplace, the Partner EcoSphere provides accreditation and specialization programs to recognize individuals from partner companies who have completed comprehensive technical training requirements. Globally, 250 people from more than 40 partner companies are accredited PI System specialists. To learn more about the OSIsoft Partner EcoSphere, visit www.partners.osisoft.com.
About OSIsoft, LLC
OSIsoft is dedicated to helping people transform their world through data. The PI System captures operational data from sensors, manufacturing equipment and other devices and turns it into rich, real-time insights to reduce costs, optimize production or make critical business decisions. The PI System can be found at work at offshore wind farms, oil refineries, mining sites, pharmaceutical facilities and control rooms around the world. Founded in 1980, OSIsoft has over 1,200 employees and is headquartered in San Leandro, California. For more, please visit www.osisoft.com.