These days it is not just about what you produce but rather how you produce it too. For the global energy and industrials complex doing so sustainably is a vexing problem. The solution may be, and in many cases already is being, provided by artificial intelligence and advanced analytics.
Ultimately what AVEVA and its peers are attempting to do is provide is provide the software underpinnings or the digital backbone of a sustainable industrial ecosystem, one that's connected, time sensitive, data responsive, but with human oversight and fail-safe mechanisms built into it. The second is Predictive AI or the use of data and analytics based machine learning for the identification of patterns and make forward predictions .
Those customers aren't being coy about turning to AI either in their march to net zero. AVEVA CEO Caspar Herzberg was routinely found rubbing shoulders at AVEVA World 2023 with decision makers of companies his software outfit is providing solutions to.Companies as diverse as Henkel, Yinson and Mitsubishi Power also appeared to pretty keen to discuss the benefits of AI and big data across their five key corporate pillars - operations, maintenance, forecasting, revenue and collaboration.