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into the IoT integration services business expands its TATA Consulting Engineers (TCE) is a premier
digitalisation portfolio. Honeywell has announced engineering consultant supporting its clients with
taking the Honeywell Homes product portfolio and ADI integrated engineering solutions using the latest
distribution business and producing a spinoff business digital engineering suites. With engineering expertise
called Resideo. Simultaneously, Honeywell itself and process domain capabilities, TCE serves as a”
intensifies focus on its PMT business, which is where its Problem solver to every client’s unique needs”. With its
automation solutions dwell. customer-centric and problem-solving approach, TCE
is best equipped to partner both the clients and the
Amongst most automation suppliers, AVEVA’s evolution automation solution providers to realise a collective
is most unique. Schneider Electric accomplished its Digital Roadmap for process industries.
“reverse acquisition” of AVEVA in 2018. As part of the
agreement, AVEVA merged with Schneider Electric’s
industrial software business to enlarge its selection
of software products and services. Schneider Electric
reported that joining its software with AVEVA gives it
the “Power of Two,” a hardware company with sturdy
discrete, process and building automation and data
centres combined with AVEVA’s software. Authors

AVEVA recently completed the $5 billion takeover Rajat Kaushal - Vice President
of OSIsoft (US), a real-time industrial data software Pramika Bhardwaj - Assistant Manager
and services supplier. Through this, AVEVA makes
a substantial aggressive mark in the Industrial Tata Consulting Engineers Ltd.
Automation market.

Incorporating OSIsoft’s PI System data management
software with AVEVA’s engineering, operations, and
performance products will create an integrated data
foundation that can push big data, cloud and AI-driven
insights to build worthwhile business outcomes for
customers. This combination aids AVEVA to grow
and diversify the industries it serves and continue References:
to increase its footprint in current and new markets
and geographies. A significant addition by AVEVA to • https://www.aveva.com/en/
its comprehensive Asset Performance Management • https://www.power-technology.com/news/abb-sells-stake-
(APM) portfolio has already been the acquisition in-power-grids-business-to-hitachi-for-6-85bn/
of the software assets of MaxGrip in 2019, which
brought a strong RCM background. The solutions span • https://www.reuters.com/article/us-abb-ge-industrial-
engineering, operations and performance supporting solutions/abb-buys-ge-business-for-2-6-billion-in-bet-it-
the evolution of the industries that sustain our world. can-boost-margins-idUSKCN1C00DW
• https://www.controleng.com/articles/future-of-industrial-
Challenges foreseen for automation suppliers are automation-discern-the-possibilities-potential/
giving tailor-made solutions for customers, pushing • https://www.controlglobal.com/articles/2018/top-50-
standardisation across customer processes, effective automation-companies-of-2017-digitalization-takes-over/
standardisation in data exchange protocol across
suppliers, acquiring in-depth know-how of plant • https://events.marketsandmarkets.com/blog/industrial-
operations, and strategising a digital roadmap of automation-companies-of-2019/
the clients in this ever-changing technological and • https://www.emerson.com/en-us/news/corporate/
economic scenario. Lastly, incorporating and cultivating emerson-sells-network-power
a multidiscipline solution while justifying the ROI in the • https://ir.rockwellautomation.com/press-releases/
shortest possible time will remain a predicament.

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