Asset Management Software Enhancements

Gary Mintchell | May 9, 2014

Ventyx World 2014

Once again, I could not attend the Ventyx World user conference. The latest one just closed, and I had three days of intense meetings at the office. Sounds like I missed some interesting discussions, though. Ventyx is now a part of ABB.

There were some product and partnership announcements at the event. These included a new intuitive user interface, cloud-based solutions and a partnership with InStep Software bring improvements to ABB’s enterprise software portfolio.

Ventyx’s partnership with InStep Software, a leading provider of predictive monitoring software, will combine InStep’s PRiSM software for predictive monitoring with Ventyx’s Asset Performance Management solutions, delivering a comprehensive platform for reducing unplanned stoppages, optimizing maintenance costs and increasing equipment availability.

Ventyx User Experience

The intuitive interface of the new user-centered interface (UX) enables operators to focus on their core responsibilities, rather than worrying about how to operate the tool. By combining operational technology (OT) with Information Technology (IT), Ventyx software converts large volumes of data, generated by increasingly intelligent infrastructure, into actionable information that can be easily accessed via the UX. By presenting this information to operators via customized graphical interfaces, the UX enables users — from field crews and control center operators to company executives — make better-informed decisions and run their operations more effectively.

Ventyx’s cloud-based software solutions maximize flexibility and help users optimize capital expenditure in mining and utility applications. By offering Software as a Service (SaaS) through the highly versatile medium of the cloud, Ventyx can offer its asset management solutions at reduced hardware costs to the customer and key mining solutions as a “pay-as-you-go” service. In addition to the inherent cost reductions delivered by the software’s functionality, this purchasing model eliminates up-front capital investments in enterprise software. It is particularly suitable for small- to medium-sized organizations, though it can be scaled easily to accommodate the needs of large enterprises.

Asset Management Software Enhancements

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