Real-Time Profit Engine - IIoT-based profitability control solution
IIoT-based patented solution that empowers workforce to drive operational profitability improvements, safely and sustainably.
- EcoStruxure Profit Advisor empowers workforce to help make better business decisions with simple and easy-to-understand tools that drive operational profitability improvements, safely and sustainably:
• Measures and controls real-time profit performance of every plant asset and asset set
• Applies Big Data analytics and patented real-time accounting models to identify potential profitability improvements
• Converts control and automation systems into industrial Profit Engines EcoStruxure Profit Advisor uses Big Data analytics to measure the financial performance of an industrial operation in real time, from the equipment asset level of a plant up to the process unit, plant area, plant site and enterprise levels
- Benefits:
EcoStruxure Profit Advisor empowers workforce with a variety of data analytics displayed in simple and easy-to-understand format to help make better business decisions and drives operational profitability improvements, safely and sustainably:
• Enables plant personnel to identify true performance-improving initiatives
• Indicates current performance and inform workforce operators when their operating decisions are making the business more profitable
• Helps workforce to concentrate and refine efforts to the actions that provide the greatest financial returns
• Predicts the profitability of the changes process engineers are proposing, which will substantially minimize project risk and help to eliminate waste
- Applications:
• On-premise or cloud-enabled, Profit Advisor works with any process historian to mine historical and real-time operating data, then processes that data through proprietary segment-specific accounting algorithms to determine real-time operational profitability and potential savings