Yokogawa Electric Corp. announced Monday Synaptic Business Automation, a new industrial automation and control business concept that expresses the company’s commitment to working with its customers to sustain their creation of corporate value. Based on the ideals expressed in the Synaptic Business Automation concept, Yokogawa will help companies achieve a transformation in how they conduct their business.
The Synaptic Business Automation concept takes its name from the synapse, a structure in the nervous system that plays a role in the transfer of signals to other parts of the human body. Synaptic Business Automation expresses an ideal state for a business whereby the synthesizing of data, systems, organizations, knowledge, and supply chains adds value and strengthens competitiveness.
Yokogawa has many years of experience in working with operational technology (OT). By combining its in-depth knowledge of plant management, operations, industries, and processes, its portfolio of automation and other information technology solutions, and its consulting expertise, the company is uniquely positioned to create new value. Working together with its customers based on the co-innovating tomorrow corporate brand slogan, Yokogawa is committed to helping them achieve the ideals expressed in its Synaptic Business Automation concept.
The linked data on manufacturing processes, plant operations, human resources, and supply chains can be organized, integrated, controlled, broken down, and analyzed to yield insightful decisions at various levels in the organization, from operations in the field to corporate management.
Manufacturers face a variety of challenges today, ranging from volatile shifts in the prices of crude oil and other raw materials and stiffening environmental and safety regulations to structural changes in their industries. To remain competitive, they must have the agility to adapt quickly to change.
To guide its efforts to assist companies in meeting such challenges, Yokogawa adheres to a vision statement that reads, “Through ‘Process Co-Innovation,’ Yokogawa creates new value with its clients for a brighter future.” We help companies improve efficiency and profitability by getting their various business units to work together more effectively and by eliminating barriers that impede the flow of information and goods throughout the supply chain and between companies.
As the Internet of Things gains traction, a digitalization of processes is underway whereby the use of big data and artificial intelligence is yielding valuable insights needed to make business decisions.
The Synaptic Business Automation concept clearly expresses Yokogawa’s commitment to using the latest information technologies and its decades of experience with plant management and industrial processes, portfolio of automation solutions, and consulting expertise to help its customers transform their businesses.
Synaptic Business Automation delivers resilient operation; is more adaptable to changes in areas such as health, safety, security and the environment (HSSE), organizational optimization, and regulatory compliance; delivers optimized production, and optimizes total expenditure (TOTEX) components of capital expenditure (CAPEX) and operational expenditure (OPEX) over the entire lifecycle of a plant, and improve reliability. Also, directly create value by solving issues and optimizing operations throughout a supply chain, thereby enhancing productivity and profitability.
The offering also delivers business innovation and will work with specific customers to create new business models that foster manufacturing excellence by such means as supplying cloud-based services that drive collaboration with their customers and suppliers and to introduce environmentally friendly manufacturing practices that are essential for a sustainable society.
Yokogawa announced in September that it has begun working with Iwaki on a proof-of-concept (PoC) test for a remote pump monitoring service. This service will use an Industrial IoT (IIoT) architecture that is currently under development by Yokogawa. The PoC test will examine the market potential for such a service and investigate means by which it may be offered.
