The Automation & Controls business created a new industry standard for outcome optimizing controls by introducing IICS's PACSystems RX3i CPx400 series and Field Agent
SANTA CLARA, California, Sept. 11, 2018 /PRNewswire/ -- Based on recent analysis of the global edge controls and analytics market, Frost & Sullivan today recognized GE Power's Automation & Controls business unit with the 2018 Global Company of the Year Award. The Automation & Controls business is transcending the realm of the traditional control system and set a new industry standard for edge controls and analytics with the introduction of the world's first outcome-optimizing controller with the Industrial Internet Control System (IICS), specifically through the release of the PACSystems RX3i CPx400 controller series and the Field Agent.
Click here to view the full multimedia release: http://best-practices.frost-multimedia-wire.com/general-electric
Powered by the latest edge technology, IICS leverages rich data and analytics to help uncover actionable insights and provide customers with greater flexibility in operational efficiency, and higher asset performance. The next-generation outcome optimizing controllers are uniquely designed to ensure maximum uptime while running applications reliably across a spectrum of industries, such as water/wastewater, metro, industrial steam, automotive, oil and gas, discrete manufacturing, and other modular designs operating in the complex industrial environment. Early adopters of the IICS solution have seen as much as a 7% increase in performance, a 22% increase in productivity, and a 40% maintenance reduction.
"The Industrial Internet Control System brings powerful analytics tools much closer to the physical asset to greatly enhance operational efficiency, productivity, and unlock new revenue opportunities. For customers, its design flexibility unlocks the full potential of a highly connected control system solution enabling remote monitoring and diagnostics, asset optimization, and predictive analytics designed to turn data into actionable insights," said Ram Ramasamy, industry director at Frost & Sullivan. "By enabling IICS, customers are well-positioned to adjust to rapidly evolving business environments more nimbly that signals higher levels of flexibility and adaptability."
The critical link to the Industrial Internet of Things chain for cloud-enabled analytics is GE's Field Agent technology, a pre-configured software stack designed for edge computing that securely exchanges the data between the GE Predix platform and the physical asset. GE offers a Mini Field Agent as a rugged stand-alone gateway for connecting the physical asset to cloud-based applications, such as the Equipment Insight 2018 solution. Customer benefits include less unplanned downtime, lower maintenance costs, optimum asset utilization, and increased network and asset management.
Until recently, traditional control systems were unable to dynamically adjust to changing business objectives and were viewed as static components infrequently changing and heavily constrained by design specifications during the installation process. Automation & Controls reimagined the control system by delivering the industry's first outcome-optimizing controller PACSystems Rx3i CPEx400 with dual redundancy capabilities. Utilizing edge technology, the controller augments real-time deterministic control and provides near-real-time advice through strategic computation. This next-generation connected controller is ideal for outcome-optimizing control applications in challenging conditions.
"The Automation & Controls brings reliable performance, advanced security, mix-and-match I/O, and high availability with low switchover times truly sets it apart from the competition and traditional control systems," said Ramasamy.
Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies resulting in customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About GE Power's Automation & Controls Business
GE is a leading provider of automation and controls technology and services for power generation, distribution and adjacent applications across industry. Our differentiated Industrial Internet solutions enable customers to optimize equipment performance and ensure reliable and efficient operations by connecting their machines, data, insights and people. Our dedicated team includes some of the best minds in automation capable of solving our customers' toughest challenges. To learn more about GE Power's Automation & Controls business, click here.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.
SOURCE Frost & Sullivan