The Industrial Internet of Things, Big Data and Analytics can unlock huge value for industrial plants by optimizing operations and productivity by connecting processes, assets, and people, said an industry expert.
Honeywell, a global software-industrial leader and key supplier of technology to the oil and gas industry for over 100 years, is sharing insights on how connectivity and the Industrial Internet of Things (IIoT) is transforming the energy sector at the Energy Digitalisation Summit 2017, taking place December 12-13 at the Fairmont The Palm in Dubai.
Leaders from across the energy industry are gathering for the first-ever Energy Digitalisation Summit focused on industry innovation in IoT, Big Data, and analytics to take place in Dubai. The forum is addressing the immediate needs and challenges facing the industry in integrating IIoT technology, through presentations and discussions with global and regional experts.
“As we speak, a new era of technology innovation is taking the energy industry by storm, disrupting and challenging the way we have been conducting business for the last 30 years,” said Yiannis Bessiris, regional business leader for Honeywell Connected Plant.
“Today, through leading edge solutions like Honeywell Connected Plant, we are can enable operators, refiners and producers to connect their operational data and continually measure and improve performance, making their operations more reliable, profitable, and secure.”
Increased connectivity is generating substantial value for the energy sector, through greater productivity and efficiency of plant operations as well as reduced downtime. These constantly developing technologies provide new ways to utilize data, help generate insights that create value, and can maximize plant throughput and yields by seven percent, improve plant availability by two percent, and ultimately deliver a potential annual profit increase of up to $26 million.
Through this approach, Honeywell ensures that operators have the ultimate tools to access and analyze data, in real time, to best understand the condition of their plant, people, and assets, to enhance the productivity and efficiency of operations. – TradeArabia News Service