Beijing, China, December 27, 2018 - Schneider Electric, a global leader in the digital transformation of energy efficiency management and automation, has signed a global OEM and distribution cooperation agreement with Transpara, a developer of real-time monitoring, visualization and early warning software. Under the terms of the agreement, Schneider Electric will provide customers with new Industrial Internet of Things (IIoT) solutions that improve data visibility, interconnectedness and early w
Beijing, China, December 27, 2018 - Schneider Electric, a global leader in the digital transformation of energy efficiency management and automation, has signed a global OEM and distribution cooperation agreement with Transpara, a developer of real-time monitoring, visualization and early warning software. Under the terms of the agreement, Schneider Electric will provide customers with new Industrial Internet of Things (IIoT) solutions that improve data visibility, interconnectedness and early warning, enabling real-time control of business-critical risks including operational efficiency, reliability, safety and profitability.
"In their drive for digital transformation, customers are constantly striving to make operational assets smarter, however, collecting, correlating and properly applying data from assets is a long-standing challenge." Chris Lyden, senior vice president of Schneider Electric's process Automation business, said, "Working with a great supplier like Transpara helps us address these issues. Transpara's focus on key performance metrics analytics makes it easy to present the interconnectedness of critical operational data in a user-friendly manner on any device, and provides customers with a real-time operational view that helps them make real-time decisions faster, improving operational efficiency, reliability, safety and profitability. This partnership will help our customers maintain the pace of business growth and achieve rapid profit results."
Transpara provides Schneider Electric's user analytics portfolio with real-time KPIs, data sheets, and alerts that span multiple dynamic data sources, including smart machines and edge devices, as well as other IT infrastructure and cybersecurity data, business applications, and network services. For example, Transpara's software can detect if the function of the program analyzer is degraded and alert the operator to the signs so that the operator can proactively maintain the equipment before an accident occurs. In this way, the operation process, asset efficiency and reliability are well controlled, and the personal safety of the operator is better guaranteed. Through this collaboration, real-time data will be delivered remotely or on-site to a wider audience, including company executives, field service personnel and maintenance service providers, without requiring relevant experience or training to understand.
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The partnership will combine Schneider Electric's EcoStruxure™ Industrial iot capabilities with Transpara's Visual KPI™ solution to help customers in operationally intensive industries such as smelting, petrochemicals, energy and mining better understand and control the performance of equipment and other assets. Visual KPI software can aggregate existing or external dynamic data, including operational, financial and infrastructure information, without moving data, and provide role-based actionable KPIs and alerts to end users in different locations and using different devices. Visual KPIs can apply relevant text to data provided by different devices, such as from historical data, relational databases, business intelligence tools and web services, and present it in a visual, mobile responsive interface. Such information and data are easier for people to understand and access.
The agreement includes a distribution agreement and OEM relationship agreement. Under the distribution agreement, Schneider Electric can provide Transpara's Visual KPI solutions and related services, either directly or through channel partners, to help customers deploy software on-premises or in the cloud. Under the OEM relationship agreement, Schneider Electric can embed Visual KPI's server, client, and/or edge software directly into all levels of Schneider Electric's smart devices, including process analyzers, motor control centers, pumps, and valves, and extend these innovative capabilities into products in a consistent, simple, and user-friendly manner.
Under the two sub-agreements, the entire operational process and all data sources will be instantly visible, which will enable customers to more quickly understand and resolve unexpected outages, make processes more efficient, and significantly improve operational profitability and safety.
Lyden said: "In the short term, Transpara's technology will help enhance Schneider Electric's industry-leading process automation portfolio based on the EcoStruxure Industrial iot platform. Includes EcoStruxure Foxboro DCS and EcoStruxure Process Analyzers and continues to create value for existing customers. In the long term, this collaboration will further advance Schneider Electric's next generation of process automation solutions, extending real-time business control to the device layer in the industrial iot environment."
EcoStruxure is Schneider Electric's open, interactive, Iot-based architecture and platform that provides customers with superior value for connectivity, security, reliability, efficiency, and sustainability. EcoStruxure is driving innovation across all levels, from connected products, to edge control, to applications, analytics and services. To date, EcoStruxure has been deployed in more than 480,000 installations worldwide, is supported by more than 20,000 system integrators and developers, and is managing more than 1.6 million assets in the cloud through more than 40 digital services.
