Yokogawa Electric acquired Industrial Evolution to strengthen its ability to deliver solutions to the process industries. Industrial Evolution is a provider of cloud-based plant data sharing services.
Based on Industrial Evolution’s cloud business environment, Yokogawa will provide Data-as-a-Service (DaaS).
Using its cloud-based DaaS technology, Industrial Evolution collects real-time process data from devices and systems at a variety of industrial facilities, and provides this in a direct or custom form to the companies that operate such facilities, as well as their customers and vendors. Industrial Evolution’s service can collect data from firewall protected systems and securely shares this with authorized users through website or mobile access.
Industrial Evolution is a pioneer in this field and its data collection and sharing service is used by a range of companies, including a number of Fortune 100 companies. This service can be used in a variety of applications, such as the sharing of data on oil and gas field operations among authorized users at multiple companies and the real-time sharing of data with investors on facilities that are operated by third parties.
Yokogawa Venture Group