AVEVA: shaping the future of industrial software
With over 50 yea...
Manufacturing Global takes a closer look at the innovative and advanced industrial software AVEVA provides the manufacturing industry.
With over 50 years of collaborative innovation, AVEVA builds solutions for asset and operations lifecycles to drive business value and evolve the industry.
“The challenges our customers face inspire us to develop groundbreaking solutions. We harness the power of our ecosystem by working together to bring bold ideas to life,” says AVEVA. “We discover new ways to empower people and industries, enabling the success of our customers and the prosperity of communities.”
Craig Hayman: Chief Executive Officer (CEO)
Craig Hayman started his career at AVEVA in 2018. Prior to joining the organisation he held positions as Chief Operating Officer and President of the Solutions Group at PTC Inc. Other positions Hayman has held over the years include President of eBay and senior leadership positions at IBM.
Education: BSc in Computer Science and Electronics from the University of London.
Solutions by industry
By applying technology and expertise AVEVA’s solutions strive to drive value and sustainability within organisations to combat industry challenges and continuously improve industrial operations.
Industries AVEVA works with: chemicals, food and beverages, infrastructure, life sciences, marine, mining, oil and gas, power and utilities, pulp and paper, steel fabrication and water and wastewater.
Software services: inspiring people to shape the future
With its cutting edge software, AVEVA drives safety, effectiveness and sustainability within assets and operations. Its portfolio of innovative engineering and industrial software looks to revolutionise industries and empower the people behind the organisations.
AVEVA offers a wide array of innovative solutions to help organisations drive technological innovations within operations such as industrial internet of things (IoT), edge, cloud, artificial intelligence (AI), advanced 3D visualisation and the digital twins to create new opportunities for the industry.
Its solutions include software for:
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IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.