IOTICS & Optimal partnership announced to increase the value of data in asset management
Press release.
IOTICS and Optimal are pleased to announce they have entered into a strategic partnership, combining Optimal’s industry leading Asset Reliability as a Service (ARaaS) services with IOTICS’ world-class next-gen data ecosystem enablement technology.
LONDON & ABERDEEN, United Kingdom
August 2022
In many industries, maintenance costs, asset downtime, and functional failures can be some of the costliest events a company can experience. The IOTICS-Optimal partnership brings together deep skills and experience in asset performance management, focusing on optimising operations whilst increasing asset reliability, and bringing technology that enables the secure, selective sharing of data across enterprise boundaries necessary to deliver the right insights to the right individuals at the right time.
Data driven maintenance strategies are vital for enterprises under increasing pressure looking to increase reliability, optimise performance and extract value from assets for longer with greater confidence. The IOTICS-Optimal partnership will enable asset owners to get the most from their assets, leveraging insights from across their operations using a blend of physical and digital solutions as part of the world-class, Asset Reliability as a Service (ARaaS) proposition.
With deep experience in Utilities, Infrastructure, Oil & Gas and Transportation the partnership is leveraging Asset Management expertise alongside secure, evolving data ecosystems to increase the efficiency and ROI of assets, thus helping to grow companies’ bottom lines and identify operational opportunities in real time.
Enterprises are facing unprecedented generational challenges, decarbonising supply chains, meeting net-zero regulations, developing increased resilience, maximising return on investment of assets and increasingly innovating new service offerings. These challenges can only be met through the effective use of data which has been shared securely across trusted cooperative ecosystems. IOTICS’ patented technology complements Optimal’s current and evolving capabilities in Enterprise Asset Performance Management. Providing a ground-breaking future where the right data, at the right time, in the right context can be shared with the right people – without compromising security or control. Together we can enable customers to deliver their asset management and reliability goals.
Enhancing existing OT/IT systems with IOTICS technology and Optimal’s services will enable your data to become Findable, Accessible, Interoperable and Reusable, rapidly delivering ROI, reducing operational costs and providing scalable building blocks for enterprise data and asset management strategies, without architectural rework.
Gemma Beard Head of partnerships at IOTICS said ‘with this partnership we are looking forward to enabling Optimal’s subject matter expertise in the asset management space with our technology to provide interoperable right time data for their ARaaS proposition and further broaden our ecosystem of partners.’
Optimal is a worldwide specialist Physical Asset Management Strategy implementation partner, specialising in developing and delivering enterprise asset performance and management solutions focused on optimising operations whilst increasing asset reliability.
Alisdair Cook Director – UK & Europe at Optimal said ‘Optimal are thrilled to be adding IOTICS to our collective of carefully selected partners. Digital Twins are the present and the future in Asset intensive industries, and to be able to bring a solution with the capability of IOTICS alongside our expertise in how to get the best value from asset data is exciting, both for us and the industry. ARaaS delivers ongoing value to our clients, and underpinning with technology like IOTICS means our services are for the now, the tomorrow and beyond.’
For more information, visit www.optimal.world