Software : Engineering : Digital Twin
People in industrial organizations are in a race to make better use of their operations data. They want to make better decisions faster to unlock business value. However, the exponential growth of OT data combined with the challenges of wrangling all of that siloed and fragmented data is slowing them down, or making it seem impossible. Element Unify is the platform that puts operations data to work.
Leveraging Operations Data to Achieve 3%-5% Baseline Productivity Gains with Normalized KPIs
Traditional code-based data models are too cumbersome, cost prohibitive and resource intensive to support an enterprise data model. In a code-based environment, it can take six months just to write and test the code to bring a single plant’s operating data into alignment with enterprise data pipelines. By contrast, a no-code solution like the Element Unify platform allows all IT/OT/ET data sources to be quickly tagged and brought into an Asset Hierarchy. The timeframe for a single plant to bring their operating data into alignment with the enterprise data architecture and data pipelines drops from 6 months to 2 to 4 weeks.
Element Raises $18 Million to Enable Data-Driven Transformation of Industrial Enterprises
Element, an Industrial Data Hub provider, today announced it has closed an $18 million Series B financing co-led by new investors Activate Capital and Forte Ventures that also included participation from other new and existing investors. As part of the investment, Element is adding to its board of directors David Lincoln, managing director of Activate Capital, and Louis Rajczi, partner at Forte Ventures. The funding comes as Element gains customers in the chemical, power, agriculture and oil/gas markets, and as it expands enterprise-wide deployments.