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Hill D.,ARC Advisory Group
Hydrocarbon Processing

LG Chem is Korea's first and largest vertically integrated chemical company. Founded in 1947, the company has emerged as one of the world's top 30 chemical makers. LG Chem produces a variety of chemical products ranging from petrochemicals to specialty chemicals, as well as electronic materials. Last year, ARC interviewed Mr. Chang-Hoon Kang, project manager at the Petrochemicals Division's Daesan ethylene plant. Mr. Kang told us that, previously, the plant had problems meeting corporate goals due to a variety of issues such as variability of feedstock quality. However, using an advanced process control-based (APC) solution, the engineering team solved the problem to achieve plant operational stability, increase production, and decrease energy consumption. In doing so, the benefits more than paid for the investment. © 2011 Hydrocarbon Processing. Source

Forbes H.,ARC Advisory Group
Hydrocarbon Processing

Virtualization involves separating an information technology (IT) resource from specific physical hardware. This is usually managed by a specialized software layer called a hypervisor, which provides another abstraction layer. Virtualization can be applied to any IT resource, including servers, storage, desktops and networks. For example, server virtualization enables multiple virtual servers, or guests, to run on one physical host server. Virtualization can improve IT resource utilization and security and ease system administration. © 2014 Hydrocarbon Processing. Source

Rys R.,ARC Advisory Group
Hydrocarbon Processing

Process plants collect enormous amounts of data, both from the sensors connected to the control system and from other sources, including edge devices in the plant and remote devices in the cloud. However, to gain value from all of this data, it must be properly collected, validated, analyzed and visualized. Data quality is particularly important. © 2015 Hydrocarbon Processing. Source

STOCKHOLM--(BUSINESS WIRE)--IFS (STO:IFSA) (STO:IFSB) (http://www.ifsworld.com/), the global enterprise applications company, has once again been identified as the number one vendor in market share in enterprise asset management (http://media.ne.cision.com/l/uojdqvwp/www.ifsworld.com/en/solutions/enterprise-asset-management/) (EAM) and field service management (http://media.ne.cision.com/l/uojdqvwp/www.ifsworld.com/en/solutions/enterprise-service-management/field-service-management/) (FSM) software for the oil and gas (http://media.ne.cision.com/l/uojdqvwp/www.ifsworld.com/en/industries/oilfield-service-software/) industry by ARC Advisory Group (http://media.ne.cision.com/l/uojdqvwp/www.arcweb.com/pages/default.aspx), the leading information technology research and advisory firm for industry and infrastructure. In its publication “Enterprise Asset Management and Field Service Management Global Market Research Study,” ARC Advisory Group recognizes IFS as the leading supplier to the global oil and gas industry. The report identifies as one of IFS’s strengths the ability to rapidly develop new components quickly and efficiently to ensure that the application continues to provide the deep functionality needs of the end user. “The oil and gas industry operates in an environment in which asset integrity management (AIM) is crucial,” ARC Research Director for Enterprise Software Ralph Rio said. “The commodity pricing of the petroleum sector creates extreme pressure to control cost while preventing catastrophic failures across asset classes including offshore oil rigs and pipelines.” IFS director for the oil and gas industry Knut Møystad added, “The leading position IFS commands in the oil and gas market has been confirmed once again in this latest study by ARC. For more than 20 years, we have worked closely with leading EPCI contractors, drilling contractors, system/equipment suppliers and mobile asset owners to ensure our solutions meet the industry’s stringent requirements.” IFS customers in the oil and gas industry include Technip, Seadrill, Maersk Drilling, Maersk Supply Service, Rowan Companies, Odfjell Drilling, Agility Group, Babcock Marine, Heerema Fabrication Group, Archer, Apply Sørco, MIR VALVE, Hertel Group, Rosenberg WorleyParsons, BW Offshore, Semco Maritime, Reinertsen, VARD, PGS, Wellstream, Hamworthy, ShawCore, Icon Engineering, Songa Offshore, Mermaid Marine, and Trans-Northern Pipelines Inc. For more information on ARC’s findings, visit here to view an overview or obtain the full‐length report. To learn how IFS supports customers in the oil and gas sector, please visit: www.ifsworld.com/en/industries/oilfield-service-software/ IFS™ (http://www.ifsworld.com/en/) is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,700 employees. IFS supports more than 2,400 customers worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: www.ifsworld.com (http://www.ifsworld.com/en/). Visit the IFS Blogs on technology, innovation and creativity: http://blogs.ifsworld.com This information was brought to you by Cision http://news.cision.com

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Site: www.businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--Fetch Robotics announced today that it has raised $20 million in Series A funding. The round was led by SB Group US, Inc. ("SoftBank") and also included additional funding from seed investors O'Reilly AlphaTech Ventures and Shasta Ventures. The Series A round brings Fetch's total funding to date to $23 million. The new capital will be used to expand Fetch's sales and marketing operations and to meet accelerating demand from warehouses and fulfillment centers. In addition, SoftBank's Kabir Misra will be added to Fetch Robotics’ board of directors. He will join existing board members Bryce Roberts from O'Reilly AlphaTech Ventures, Rob Coneybeer from Shasta Ventures, Steve Hogan from Tech-Rx, and Fetch Robotics CEO Melonee Wise. Unveiled in April of this year, the Fetch Robotics system is comprised of a mobile base (called Freight) and an advanced mobile manipulator (called Fetch). Fetch and Freight use a charging dock for autonomous continuous operations, allowing the robots to charge when needed and then continue on with their tasks. In addition, the system includes accompanying software to support the robots and integrate with the warehouse environment. The robots are designed to work independently alongside human workers, performing repetitive tasks such as warehouse delivery, pick and pack, and more. According to Material Handling & Logistics U.S. Roadmap, "The demand for shorter lead times has become an imperative for inbound logistics in support of production, with the proliferation of lean and just-in-time operations. However, this is also a competitive advantage for business-to-consumer (B2C) delivery, as the growth of Amazon Prime is proving." Furthermore, according to a recent ARC Advisory Group market study, Warehouse Automation and Control, "E-commerce and its profound effects on fulfillment requirements is stimulating widespread growth in warehouse automation and control system sales." "As businesses look for solutions to streamline operations and meet the needs of an on-demand economy, we see a tremendous opportunity for robotics to solve that problem," says Kabir Misra, Managing Director at SB Group US, Inc. “The team, the robots, and the timing all lead us to Fetch Robotics and we are happy to join them in bringing Fetch and Freight to market." "I'm delighted to have SoftBank join the team and help us change the world of logistics and material handling," said Melonee Wise, CEO of Fetch Robotics. "SoftBank's expertise and worldwide resources with respect to technology, production, distribution and more will be a big help to our growing organization." Fetch Robotics builds robot systems for the logistics industry. The company was founded in 2014 and is headquartered in San Jose, CA. For more information, please visit http://www.fetchrobotics.comor follow the company on Twitter @FetchRobotics.

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