PÖYRY PLC Press Release Oct 22 2018 13:00 (CET)
Leading global corporations Pöyry and Infosys today announced the release of Krti 4.0® Artificial Intelligence (AI) Framework for Operational Excellence. The framework overcomes some complex and expensive lifecycle management challenges faced by industry, utilities and infrastructure organisations across operational technology (OT) systems.
The Krti 4.0 model based data driven framework applies AI, cognitive/machine learning and Machine to Machine (M2M) capabilities to the industrial environment. The applied methodology identifies critical enterprise systems and assets and provides a deeper understanding of their behaviour to unlock and create new value for customers. Krti 4.0 is designed to dramatically reduce system maintenance costs and expensive operation shutdowns, and improve reliability, employee and environmental safety.
Krti 4.0 combines the unique strengths of Infosys and Pöyry
The Krti 4.0 model based data driven framework incorporates the Pöyry RAMS (Reliability, Availability, Maintainability, Safety) methodology, which defines the criticality of every asset contributing to the functioning of OT systems. Infosys' Nia knowledge-based AI platform continuously executes complex, advanced analytics and machine learning models, exchanging information with the RAMS model to identify any inherent risk in operations of the overall system. Krti 4.0's open and intuitive machine-to-machine (M2M) interface provides for seamlessly connecting with different OT systems for collecting data. Krti 4.0 makes pervasive and secure industrial IoT connectivity real across all levels of the enterprise.
Krti 4.0 arms decision makers with real-time knowledge on the best and the most effective operating and maintenance options for their OT systems. Krti 4.0 achieves this by using predictive and prescriptive analytics within acceptable risk levels.
For Industries confronting the problem of asset 'stranding' due either to technology obsolesce or to new regulatory regimes, Krti 4.0 provides real options to accelerate Return on Capital Employed (ROCE) and un-strand substantial asset value.
'Smart Hands' make smart decisions throughout the organisation
Krti 4.0 enables a proactive way of thinking, empowering people at all levels of an organisation to make smart decisions. At the highest level, through Krti 4.0's real-time dashboards, decision-makers have in-depth intelligence about their assets globally across the enterprise. For plant managers, Krti 4.0's RAMS modelling capabilities allow for scenario building, enabling the continuous operational improvement of the systems. For maintenance technicians Krti 4.0's augmented reality and chatbot functionality minimizes repair times.
"Our Krti 4.0® framework using RAMS modelling methodology puts the Pareto principle's 80/20 rule at the heart of the decision-making process. We know the criticality of each part of the asset and focus our data collection strategy and analytical predictive capabilities where it matters most. In Krti 4.0 real-time data from critical assets is converted to information with innovative computing and business intelligent algorithms enabling proactive prescriptive decision making. This is the difference," says Richard Pinnock, President, Energy Business Group at Pöyry.
"In today's highly competitive and digital world, our clients need to leverage their existing assets to create tangible ROI within a short period of time. Our IoT services are focused on impacting both their top line and bottom line, leveraging our capabilities to remote-monitor products and assets, prevent breakdowns, and analyse data to optimize performance across the entire production system. Having this view into how products and assets operate is not just key to improving their efficiency but also to ensuring security along with legal and regulatory compliance" says Nitesh Bansal, Senior Vice President and Global Head of Engineering Services, Infosys Ltd.
Further information:
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Additional information:
Richard Pinnock
President, Energy Business Group
Tel. +41 76 356 2410
Email: richard.pinnock@poyry.com
Did you know?
Krti 4.0 is the latest in a series of new #PoyryDigital services released.
www.poyry.com/digital
About Infosys
Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 200,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
Visit
www.infosys.com to see how Infosys can help your enterprise thrive in the digital age.
About Pöyry
Pöyry is an international consulting and engineering company. We serve clients across power generation, transmission & distribution, forest industry, biorefining & chemicals, mining & metals, infrastructure and water & environment. Together, we deliver smart solutions and work with the latest digital innovations. Pöyry's net sales in 2017 were EUR 522 million. The company's shares are quoted on Nasdaq Helsinki. Approximately 5500 experts. 40 countries. 115 offices.
In 2018 Pöyry is proud to be celebrating its 60th Anniversary, together with employees, clients and partners.
Visit our website at www.poyry.com and follow us on Twitter | LinkedIn | Facebook | YouTube
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
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