Emerson receives 2021 IoT Breakthrough Award

Emerson has received the IoT Analytics Platform of the Year award for its Plantweb Optics Analytics software. The award, part of the 5th annual IoT Breakthrough Awards, recognises Emerson’s analytics software that uses artificial intelligence and machine learning to improve reliability, safety and sustainability while optimising production for industrial manufacturers.

“Industrial manufacturers generate vast amounts of data, but few companies are really gaining the insights needed to optimise their operations,” said Stuart Harris, group president for Emerson’s digital transformation business. “With Plantweb Optics Analytics, we are providing manufacturers with advanced analytics capabilities that are easy to deploy and quickly deliver results. This IoT Breakthrough Award recognises our industry-leading technology, expertise and focus on value creation for our customers.”

According to McKinsey, analytics has the potential to deliver more than US$4 trillion of growth in industrial manufacturing. Emerson’s Plantweb Optics Analytics is industrial IoT analytics software that collects and interprets operational data to provide real-time visibility into equipment health and operational performance. With embedded domain knowledge, Emerson says Plantweb Optics Analytics can improve performance at all levels across an enterprise, from simple equipment to complex assets, process units and entire production plants.

Emerson’s Plantweb Optics Analytics software draws from a combination of data-driven models and principles-driven analytics to identify, predict and prevent more than 80% of common equipment failures, leveraging machine learning, predictive modelling and AI to provide insight that impacts business performance. The company also recently introduced augmented reality (AR) technology for Plantweb Optics, enabling workers with enhanced access to critical information and expert guidance as well as empowering remote collaboration to maintain operations and prevent downtime.

The IoT Breakthrough Awards program recognises innovators, leaders and visionaries from around the globe in a range of IoT categories, including industrial IoT, enterprise IoT, consumer IoT and connected home technologies. This year’s program attracted more than 3850 nominations from companies all over the world.

“With Plantweb Optics Analytics, organisations have a ‘breakthrough’ platform that helps them improve key performance areas such as reliability, safety, production optimisation and energy management — the biggest profit levers for a manufacturer’s operations,” said James Johnson, managing director at IoT Breakthrough. “Emerson’s IoT innovation breaks through the IoT analytics category this year and we are thrilled to be able to name Emerson a 2021 IoT Breakthrough Award winner.”