Swiss engineering conglomerate ABB and French simulation company CORYS have signed a deal to “advance digital twin modeling and simulation technology” across the energy and process industries.
CORYS supplies transportation, power and hydrocarbon simulators. The pair have signed a memorandum of understanding (MoU) for “digital...
UK based software company Aveva, majority owned by France based automation specialist Schneider Electric, has struck a deal to acquire US data management outfit OSIsoft for $5 billion. OSIsoft is backed by Japan-based tech firm Softbank. The pair said they will “service the largest...
Less than five per cent of data generated by manufacturing plants is used to bring insights and improve operations, according to a study by Frost & Sullivan. Sensors and other wireless devices in manufacturing plants do not produce sufficient data to make a difference,...
