The New AVEVA in the Power Industry: Expanded Opportunities for Value through Digital Transformation
Last month, over 700 customers, partners and industry analysts converged in Dallas, Texas to attend the AVEVA World Conference, the first major event following the merger of AVEVA Group with the Industrial Software business unit of Schneider Electric. Over three days of presentations and software demonstrations, customers had the opportunity to understand the scope of digital solutions and capabilities of the combined portfolio of a new leader in the industrial software space.
“The combination of AVEVA and Schneider Electric’s industrial software business brings together CAPEX and OPEX, creating a path to digitalization from conceptual design to commissioning, and from operations back to revamps. Many industrial companies already use technologies from both companies, and look forward to the benefits of having these products under one developer umbrella. Adding in real-time production performance moves the industry one step closer to realizing a digital asset that operates with full knowledge of its physical layout as well as the underlying science of the process being conducted. I’m excited to see how AVEVA integrates processes, products and people.” -Monica Schnitger
The vision and strategy of the new AVEVA was presented in terms of "the Power of Two, coming together as One" throughout the conference, and the positive reactions of many attendees were echoed in the interview with Craig Resnick of ARC Advisory Group:
For Power industry customers, the potential of the combined portfolio to disrupt the status quo was the ability to bridge the Design & Build silo with the Operate & Maintain silo via a unified Information Lifecycle Management approach (as illustrated below). Early examples of the possibilities for innovation and value creation through effective handover were highlighted by the presentations by Southern Company.
Another key theme that was emphasized throughout the Power industry sessions was the need to put the human at the center of the digital transformation strategy. The relevance of an empowered workforce as a vital aspect of improving work processes was further emphasized in the presentations made by Associated Electric Cooperative Inc. (AECI) and East Kentucky Power Cooperative (EKPC).
For AVEVA’s Power industry customers, the conference provided an opportunity to showcase what industry analysts like Monica Schnitger had recognized about the newly merged entity. For those customers and partners who were unable to attend the AVEVA World Conference in Dallas, we encourage you to register for the upcoming webinar on October 31st where we will recap the main messages, explain the expanded solution footprint, and summarize the key takeaways from our first event as the new AVEVA.
Sree Hameed is currently the Global Marketing Manager for the power industry at AVEVA. In his 25-year career, he has helped companies adopt a variety of transformational technologies in the areas of production automation, manufacturing operations, supply chain management, product lifecycle management, and operational risk management. Sree is an advisor to the center of supply networks at the University of Texas at Dallas as well as the digital accelerator program at Southern Methodist University.