Yokogawa Electric Corporation dealt for cloud-based plant data sharing services provider, Industrial Evolution Inc.
Yokogawa Venture Group Inc., a wholly owned Yokogawa subsidiary, purchased Industrial Evolution.
Expansion of the advanced solutions business in the industrial automation and control field is one of the main strategies set out in Yokogawa’s Transformation 2017 mid-term business plan. 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 industrial facilities, and provides it in a direct or customized form. Industrial Evolution’s service is capable of collecting data from firewall protected systems and securely shares this with authorized users via website or mobile access.
Industrial Evolution’s data collection and sharing service sees use by a wide range of companies, including a number of Fortune 100 companies. This service can end up 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 operated by third parties. Industrial Evolution’s customers have a high regard for the company’s engineering and other services that facilitate the provision of this data in an easy-to-use form.