Technology and engineering-based program for reducing operational losses launched
Emerson’s (NYSE: EMR) Operational Certainty is a technology and engineering-based program designed to help industrial companies achieve top performance and recover more than $1 trillion in operational losses globally. The peer benchmarking insights are intended to bring better perspective on best practices and technologies to achieve top quartile performance in the areas of safety, reliability, production and energy management. Top quartile is defined as achieving operations and capital performance in the top 25% of peer companies. Emerson is also launching an Operational Certainty consulting practice plus expanded project execution methodologies and resources. Additionally, the company will announce a new Industrial Internet of Things (IoT) digital ecosystem to provide the technology foundation for companies to securely implement the IIoT to achieve measurable business performance improvement.
Despite years of operations improvement programs, many producers are increasingly disappointed with nominal improvements achieved. Due to limited peer benchmarking and uncertainty about which approaches will yield the greatest improvements, companies are trapped by decades-old work practices that fail to take advantage of advanced digital technologies, resulting in stagnant financial performance. With its industry expertise, consulting services, comprehensive automation technologies portfolio and new Industrial IoT solutions, Emerson is able to help customers extract greater value from their investments and deliver measureable results to the bottom line.
– Edited from an Emerson press release by CFE Media. See more Control Engineering Industrial Internet of Things (IIoT) stories.