This new partnership also allows MOVUS’s FitMachine solution to complement OSIsoft’s offering by bringing key equipment health data and insights to the operations technology ecosystem, without adding any complexity.
OSIsoft’s PI System serves as a data infrastructure, connecting people to industrial equipment, sensors and other devices to cut costs, increase productivity or create new services. PI System data can be used directly by engineers or streamed into other applications to accelerate data preparation and analytics.
MOVUS FitMachine is unique, as it builds a model for every piece of equipment; FitMachine collects real time condition data and quickly learns “normal behaviour”. From then on, it monitors 24/7 for subtle condition changes and sends early warnings of potential failures.
Brad Parsons, CEO of MOVUS, said this new business relationship supports both companies’ mutual goal to help their customers with their ongoing digital transformation journeys.
“OSIsoft’s origins are similar to that of MOVUS – we both have a credible history of developing unique technology which supports industrial operational processes by capturing, managing and visualising critical real-time data,” said Brad.
“OSIsoft PI Vision is one of the dominant platforms in the data historian market and both companies have customers in common. MOVUS is excited to integrate our technologies, so that we can offer our customers unrivaled support to help them make important business decisions about their connected-asset operations,” added Brad.
Yong Thé, Regional Manager of Oceania for OSIsoft said this partnership will also help both companies to better scale their reach across the growing US and Australian markets.
“OSIsoft is dedicated to helping people transform their world through data and MOVUS’ FitMachine’s underlying use of artificial intelligence and machine learning data complements our mission,” said Yong. “It is a vital AI solution for any heavy asset industry.
Our combined offerings will no doubt be of great benefit to our customers, particularly those based in Asia Pacific and the US, where we already have a significant presence.”
Adding to Yong’s comments, Brad Parsons said he is keen to help companies that are looking for ways to improve efficiencies through real-time data management.
He especially looks forward to seeing the successful outcomes this technology partnership will achieve for their mining, chemicals, food and beverage, and manufacturing customers globally.
About OSIsoft: Founded in 1980, OSIsoft has consistently been focused on software that lets people collect, understand and use data generated by power grids, production lines and other critical operations to save costs, increase productivity, develop new products or extend their capital investments.
Over 1,000 leading utilities, 80% of the world’s largest oil and gas companies and 65% of the industrial companies in the Fortune 500 rely on the PI System. Worldwide, over 2 billion sensor-based data streams are managed by the PI System. For more, please visit their website.
About MOVUS: MOVUS is an Australian company with global customers across many industries including manufacturing, food and beverage, mining, industrial chemicals, commercial property/HVAC, packaging, steel manufacturing, oil and gas, water utilities, government, and data centres.
Founded in 2015 and backed by Blackbird Ventures, Telstra Ventures and Skip Capital, MOVUS’ world leading Industrial IoT (IIoT) solution FitMachine® transforms dumb equipment into ‘smart equipment’ and enables this through consumer styled simplicity combined with world class artificial intelligence. FitMachine proactively monitors the condition and operating performance of industrial equipment.
For customers, compelling return on investment is realised via reducing the need for manual inspections, reduction in hazardous work and energy consumption, while minimising the risk of unplanned downtime. MOVUS acts as a conduit for improved asset management and lifecycle optimisation, thus reducing energy consumption and waste on a global scale. Learn more about MOVUS.