Emerson (NYSE: EMR), a international automation technology and engineering company, has been named the “Industrial IoT Company of the Year” by IoT Breakthrough for an remarkable third consecutive year.
The honor acknowledges Emerson’s commitment to assisting customers in industries such as chemical, life sciences, power, and oil and gas define and execute a sensible and successful path to digital transformation. Emerson currently introduced a new, dedicated digital transformation business that combines Emerson’s leading sensing technology, operational analytics and wide offerings abilities to deliver targeted digital solutions to customer challenges.
IoT Breakthrough, which received more than 3,700 nominations for the 2020 competition, acknowledges companies, technologies and products worldwide that set themselves aside in IoT categories ranging from industrial and enterprise, to consumer and connected home. Winners are selected by a panel of senior-level specialists experienced in the IoT space, inclusive of journalists, analysts and science executives.
Industrial Internet of Things (IIoT) capabilities can allow a step change in performance, however many companies lack a clear path to get there. A current survey by Emerson showed more than 70% of companies do not have a vision for data analytics with a clearly described roadmap to success. Emerson’s new digital transformation business brings together critical resources, along with its existing expertise in consulting, project execution, smart sensor technologies, data management and analytics, to assist manufacturers enhance and enforce pragmatic digital transformation strategies.
“The IIoT space is crowded and can be confusing, so the aim of this organization is to assist customers gain measurable business improvement via a targeted strategy and relevant technologies,” stated Stuart Harris, group president for Emerson’s digital transformation business. “This award reinforces our leadership with capabilities that are demonstrated to deliver measurable results.”
To assist customers realize the promise of digital transformation, Emerson’s Plantweb™ digital ecosystem is highly scalabe, enabling companies to focus on priority areas with a practical roadmap tailored to their business needs and readiness. This is critical because, in accordance to the same Emerson survey, only 26% of respondents are scaling digital transformation pilots, hindering the potential of new technologies to allow widescale improvement.
Emerson continues expanding its Plantweb capabilities via strategic partnerships, investments and innovation, building the industry’s most comprehensive operational analytics portfolio. Together, these dedicated resources are assisting guide customers to the right digital transformation strategy and programs that speed up Top Quartile performance.
“The industrial IoT market is inundated with puzzling guarantees and complex issues as organizations look to include innovation and new technology while leveraging their present investments,“ said James Johnson, managing director at IoT Breakthrough. “Emerson is ‘breaking through’ the crowded market as a genuine industrial automation leader by focusing on partnering with their customers from start to finish, assisting them define and execute a sensible and profitable path to digital transformation. Emerson’s most recent developments open up the promise of IIoT to businesses that may otherwise not be in a position to navigate the digital transformation process, and we are proud to name Emerson our 2020 Industrial IoT Company of the Year.”