Schneider Electric has signed a global OEM and distribution partnership agreement with Transpara, a developer of real-time monitoring, visualization and alerting software.
Under the terms of the agreement, Schneider Electric will provide its customers with new Industrial Internet of Things solutions that enhance data visibility, context and alerting so they can “seize real-time control of their critical business risks, including risks to the efficiency, reliability, safety and profitability of their operations”.
“As our customers continue their digital journeys, they seek to make their operating assets more intelligent, but aggregating, contextualizing and applying the data that comes from those assets and asset sets in a meaningful way continues to be a challenge,” said Chris Lyden, senior vice-president of Process Automation at Schneider Electric.
“Partnering with best-in-breed providers like Transpara helps us address these issues. Transpara’s focus on key performance indicators, which succinctly contextualize critical operating data in a user-friendly format on any device, give our customers a live view of their operations. This allows them to make better real-time decisions that improve the efficiency, reliability, safety and profitability of their operations. This partnership promises to help our customers keep pace with the increasing speed of business while driving immediate results to their bottom lines.”
Transpara extends Schneider Electric’s customer analytics portfolio to include real-time KPIs, dashboards and alerting that span multiple data sources on the fly, including intelligent machines, intelligent edge devices and other IT infrastructure, as well as cybersecurity data, business applications and web services.
For example, Transpara software can detect if the performance of a process analyzer has degraded. By alerting operators to that trend, proactive maintenance can be performed before an incident arises, allowing greater real-time control over process and asset efficiency and reliability, while increasing operator safety. The partnership will also allow real-time data to reach more audiences—including business executives, field services and maintenance providers, either remotely or on-premise—without the need for training and experience.
The partnership combines the capabilities of Schneider Electric’s EcoStruxure – an open, interoperable, IoT-enabled system architecture and platform – with with Transpara’s Visual KPI solutions to help customers in operationally-intensive industries such as energy better understand and control the performance of their equipment and other assets.
Visual KPI software aggregates multiple existing or external data sources on the fly without moving the data, including operations, financial and infrastructure information, and delivers role-based, actionable KPIs and alerts to end users, regardless of their location or device.
“In the near-term, Transpara technology will enhance our industry-leading IIoT-enabled EcoStruxure process automation offers, including our EcoStruxure Foxboro DCS and EcoStruxure Process Analyzers, while continuing to drive immediate value for existing customers,” Lyden said. “In the long-term, the partnership will hasten the evolution of our own next-generation process automation solutions that will extend real-time business control right to the asset layer in a full IIoT environment.”
Meet Schneider Electric when the company exhibits at DistribuTECH in New Orleans, US, in February.