CXO INSIGHT

Tell me more about AVEVA and what it offers its customers .

From our origins as a government-funded research institute that spun out of Cambridge University in the 1960s , AVEVA has grown to become a global leader in industrial software . We provide solutions used to design , operate and optimise some of the most complex processes and structures in the world , from nuclear power stations to shipyards to factories and Smart Cities .

Our solutions underpin all aspects of life , from providing the technology that protects the Mona Lisa in the Louvre to cutting decision-making from one week to 24 hours and tender response time reduced from 24 days to 24 hours for Veolia . Another example to illustrate our impact includes the local government in Pune , India , home to some two million residents . Our software improved the

Rob McGreevy , Chief Product Officer , AVEVA efficiency of the city ’ s IT and infrastructure . Traffic emissions have fallen by 18 – 22 %, water leakages by 22 – 25 %, health services have cut response times by up to an hour .

Serving 90 % of leading organisations in 12 industrial sectors spanning engineering and operations , we enable our customers to digitalise , harness data insights and leverage AI to make our customers ’ business more efficient and sustainable .

What are the main customer challenges AVEVA is seeing ?

Many of our customers are dealing with a tsunami of industrial data , of which 50 % was created in the last two years . This data ranges from tracking elements of a production line to critical instruments which track the performance of those components . Their main challenge is how to manage that data and make sense of it all .

For industries , data is the new currency because it is the key to understanding and improving business processes so that you can reduce wasted work , money and time . This is a trend that was accelerated and intensified by the pandemic and the subsequent recovery . Last year , we were set to create , capture and consume 93 zettabytes of data . And this explosion in data is not slowing down any time soon . In fact , 5G , battery technology and low-cost sensors will only speed it up .

Our native cloud platform allows our customers to consolidate data from multiple systems such as HMI , SCADA or historians ,

“ Many of our customers are dealing with a tsunami of industrial data , of which 50 % was created in the last two years .”

AVEVA serves 90 % of leading organisations in 12 industrial sectors , spanning engineering and operations , to enable its customers to digitalise , harness data insights and leverage AI to make its customers ’ business more efficient and sustainable . Rob McGreevy , Chief Product Officer , AVEVA , talks more about the impact of AI and how we are only at the beginning in terms of AI being a key asset in business . He also talks about the disruption in supply chains and the future of AVEVA .

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