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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

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BASF : Schneider Electric helps BASF, to increase visibility into operations with the implementation of EcoStruxure Asset Advisor on their new electrical substation in Beaumont, Texas

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09/18/2019 | 04:09am EST

New electrical substation benefits from an integrated Schneider Electric EcoStruxure(TM) Asset Advisor solution that enables more predictable asset performance by measuring and computing more than 100 variables With 63 assets remotely monitored for analysis, BASF now has visibility into their operations

Schneider Electric helps BASF, the largest chemical company in the world, increase visibility into operations with the implementation of EcoStruxure Asset Advisor on their new electrical substation in Beaumont, Texas.

The Beaumont plant is part of the BASF agricultural business and now has a digital dashboard and the expert support needed to monitor critical-asset status with 24/7 access to data. Through its partnership with the Schneider Electric Services Bureau, BASF gets customized advice and proactive recommendations to prevent failure and optimize maintenance strategies.

Schneider's EcoStruxure(TM) Asset Advisor enables more predictable asset performance, helping BASF to prevent failures, improve plant safety and increase operational efficiency.

Schneider Electric EcoStruxure(TM) Asset Advisor: cloud-based service to move from reactive to proactive maintenance

BASF's electrical distribution equipment provides power to the entire production of Beaumont's plant. Thanks to EcoStruxure Asset Advisor - a condition-based monitoring and predictive analytics service - BASF is now able to monitor the health of its new substation assets through their customer dashboard. More than 100 variables are measured and computed to provide accurate and reliable condition-monitoring. Through its partnership with the Schneider Electric Service Bureau, the customer gets customised advice and proactive recommendations to minimise failure and optimise maintenance strategies.

"Schneider Electric EcoStruxure Asset Advisor is helping prevent catastrophic failures. It's getting the right data at the right time. And in the end, data is value," explained Lee Perry, Electrical Design Engineer from BASF.

"We are helping them change the way they operate through continuous monitoring that allows them to see the current health of their critical equipment and determine if there are operational anomalies that need to be addressed," said Alfredo Arriola, segment sales manager for EcoStruxure Asset Advisor in North America. "This is the future of predictive maintenance and an opportunity for BASF to advance beyond preventive maintenance intervals defined by the industry."

The cloud-based service combines a data-driving platform with Schneider Electric expertise in all field services areas. It harnesses the emergence of IoT, along with breakthroughs in connectivity, sensor technology, and predictive analytics. Schneider Electric EcoStruxure Asset Advisor evaluates live data from critical connected assets and applies advanced analytics to identify potential threats.

"BASF's focus on data-driven services like Schneider Electric EcoStruxure Asset Advisor demonstrates that we are a forward-looking, early adopter, of leveraging IoT-enabled, data-driven services to gain insight into our critical electrical distribution assets," added Lee Perry. Digitisation and asset management improvement is a corporate strategy of the company.

EcoStruxure Asset Advisor is part of Apps, Analytics & Services, portfolio of the Schneider Electric IoT enabled architecture: EcoStruxure Power. Schneider Electric EcoStruxure(TM) is our open, interoperable, IoT-enabled system architecture and platform. Schneider Electric EcoStruxure delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity for our customers. Schneider Electric EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level. This includes Connected Products, Edge Control, and Apps, Analytics & Services which are supported by Customer Lifecycle Software. Schneider Electric EcoStruxure(TM) has been deployed in almost 500,000 sites with the support of 20,000+ developers, 650,000 service providers and partners, 3,000 utilities and connects over 2 million assets under management.

From energy and sustainability consulting to optimising the life cycle of your operational systems, we have world-wide services to meet your business needs. As a customer-centric organisation, Schneider Electric is your trusted advisor to help increase asset reliability, improve total cost of ownership and drive your enterprise's digital transformation towards sustainability, efficiency and safety.

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management - Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

Media Contact

Company Name: ABC Private Limited

Contact Person: Media Relations

Email: ajaysinghtanwar03@gmail.com

Phone: 8745857610

Country: India

Website: https://www.schneider-electric.co.in/en/

Source: www.abnewswire.com

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -1.15% 66.95 Delayed Quote.12.24%
SCHNEIDER ELECTRIC SE -0.80% 89.6 Real-time Quote.51.14%
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P/E ratio 2020 17,4x
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EV / Sales2020 1,25x
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