DIGITAL TRANSFORMATION

EY and GE Digital announce alliance to help organizations improve productivity through data-driven manufacturing

GE Digital | August 05, 2022 | Read time : 03:25 min

Ey and news
Ernst & Young LLP (EY US) and GE Digital today announce an alliance to help organizations transform their manufacturing operations. The alliance combines the proven sector excellence and technology consulting services of EY US with the more than 100 years of manufacturing experience and rich digital technology of GE.

With the rapidly growing demand for modernized manufacturing systems, companies are seeking to gain a competitive advantage by expediting their digital transformation journey. As critical key performance indicators (KPIs) for the industry include the need for operational efficiency, quality management improvement, loss reduction and energy efficiency, the EY−GE Digital Alliance will provide solutions and guidance on ways to increase productivity while lowering costs.

GE Digital is an industry leader in developing software for manufacturing. The business helps foster deeper integration between the enterprise resource planning layer of an organization's technology landscape with its equipment on the shop floor. GE Digital's software tools can be fit to meet the various challenges accompanying the growing manufacturing system market, including improving quality, uptime and operations performance.

The manufacturing technology service of EY US, which has been growing over the last 20 years, has proven experience implementing GE Digital software tools for more than 40 different clients spanning various industrial sectors.

Through this alliance, manufacturers can also leverage support from EY US teams to implement and integrate GE Digital software to develop more data-driven manufacturing operations.

"I am excited to see EY US and GE Digital joining forces to help manufacturers achieve their business outcomes building a fit-for-purpose enterprise manufacturing technology landscape. The EY−GE Digital Alliance will harness the combined power of technology, services and solutions, industry insights, system integration and consulting experience of the two organizations to optimize the value chain for companies throughout the industry."

-Scott Dixon, Digital Manufacturing Leader, Ernst & Young LLP.

Richard Kenedi, GE Digital General Manager, Manufacturing and Digital Plant, says Software is mission-critical to accelerating transformation in industry today. The alliance brings together leaders in software solutions and technology services to help industrial companies solve their toughest challenges. Software supports corporate initiatives including continuous improvement, compliance, sustainability and global competitiveness. Companies want those solutions to be working quickly and efficiently so they can see fast time to value. Working with EY US creates that synergy needed to pursue business opportunities.

About EY:
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.  Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws.

About GE Digital:
GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital's product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works.

Spotlight

Watch our short video with @Lina Alexaki and Immanuel Capistrano to learn what they have accomplished during Immanuel's internship at Steelo.

Spotlight

Watch our short video with @Lina Alexaki and Immanuel Capistrano to learn what they have accomplished during Immanuel's internship at Steelo.

Related News

MANUFACTURING TECHNOLOGY

IDEX Corporation’s Capital Deployment Continues with Agreement to Acquire Muon Group, a Leader in Precision Tech Manufacturing, for €700 million

IDEX | September 17, 2022

IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire micro-precision technology manufacturing company Muon B.V. and its subsidiaries (“Muon Group”) for cash consideration of €700 million. Based in the Netherlands, Muon Group manufactures highly precise flow paths in a variety of materials that enable the movement of various liquids and gases in critical applications for medical technologies, semiconductor, food processing, digital printing and filtration. The group includes LouwersHanique, Veco, Millux, Tecan and Atul, which have critical technical expertise in precision and tolerances for different materials, from metals and glass to plastics and ceramics. “Together, the Muon Group will expand upon a growing platform of IDEX precision technology businesses, including those already part of IDEX Health & Science, with unique technology and product solutions for similar end-customers. The commercial synergy potential between our health and science businesses and Muon Group companies will yield expanded offerings to new and existing customers, Muon Group is an IDEX-like business, producing highly engineered products used in mission-critical applications where customers demand exacting quality standards. Their companies are leaders in their fields, and we are excited to welcome them and their outstanding management team to the IDEX family, The acquisition of Muon Group demonstrates our disciplined capital deployment strategy that focuses on identifying high-quality technology businesses that will enhance our strategy and we believe will drive long term shareholder value, We expect Muon Group to thrive in our entrepreneurial culture, while our decentralized model fosters decision-making closest to the customer, producing excellent results.” -Eric Ashleman Chief Executive Officer and President IDEX. Like IDEX, Muon Group has strong connections to an array of highly innovative, well-known OEMs, working in partnership like members of an extended team to solve some of their most challenging issues. This forms a strong base for ongoing growth through innovation. “All of us at Muon are excited to be joining forces with the IDEX platform as we feel this is the best way to secure our long-term growth ambitions. IDEX’s operating model and culture match ours well, and their scale and resources will help us achieve our targets faster.” -Michiel Barendse, CEO of Muon Group. Muon Group is privately held by Rivean Capital, a European mid-market private equity firm, which acquired the company in 2018. With expected FY 2022 sales of approximately €140 million and EBITDA margins of approximately 33 percent, Muon Group will join the Scientific Fluidics & Optics group in IDEX’s Health & Science Technology segment. The transaction is expected to close in the fourth quarter, subject to regulatory approvals and consultation with the Dutch works council. This acquisition is expected to be funded by IDEX using cash on hand and proceeds from its revolving credit facility. About IDEX: IDEX Corporation (NYSE: IEX) makes thousands of products and mission-critical components that improve everyday life all around you. If you enjoy chocolate, it quite possibly passed through a Viking® internal gear pump at the candy factory. If you were ever in a car accident, emergency workers may have used the Hurst Jaws of Life® rescue tool to save your life. If your doctor ordered a DNA test to predict your risk of disease or determine a course of treatment, the lab may have used equipment containing components made by IDEX Health & Science. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 45 diverse businesses around the world part of the IDEX family. With more than 8,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with nearly $2.8 billion in annual sales, committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

Read More

DIGITAL TRANSFORMATION

RoviSys Designated Platinum System Integrator Partner by Rockwell Automation

Rockwell Automation | November 25, 2022

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced that RoviSys has been designated a Platinum System Integrator Partner as part of the PartnerNetwork Program. RoviSys is an independent automation and information solutions integrator, delivering process and building automation design, delivery, and support globally. The program offers opportunities to expand and maximize integration skills, recognize and reward performance, and connect businesses with system integrators that meet project needs and enable mutual success. As a Platinum System Integrator Partner, RoviSys will receive enhanced recognition with customers and leading-edge access to Rockwell Automation product and technical support. “Platinum status is achieved by invite only and is the highest level of partnership within the Rockwell Automation System Integrator Partner Program. It is an exclusive recognition reserved for less than 1% of our partners and we are proud to welcome RoviSys into this designation,With a customer-first mentality, RoviSys has extensive project experience delivering thousands of projects over the last five years with a diverse range of capabilities across 12 locations in North America, Europe, and Asia Pacific. “The partnership between Rockwell Automation and RoviSys is one that we have truly valued over the years, and we look forward to continuing to grow together -Don Shoemaker, Regional Vice President, North America Market Access, Rockwell Automation. Our long-standing partnership has allowed RoviSys to collaborate with Rockwell, and bring industry-leading solutions to customers for over 30 years, said Dick Ciammaichella, Director of Growth. This next step into Platinum Partnership positions RoviSys to strategically align customer needs with Rockwell product life cycles. RoviSys delivers 500K+ hours of Rockwell solutions annually, and empowers end users to effectively implement Rockwell solutions that drive automation and digital transformation today and into the future. About RoviSys: RoviSys is an independent systems integrator that provides process automation, building automation, and discrete manufacturing automation solutions. We support digital transformation, industrial network solutions, and artificial intelligence, bringing information from plant floor to top floor. Industries include: Chemical, Petrochemical, Life Science, Mission Critical Data Center, Distribution & Fulfillment, Transportation, Consumer Packaged Goods, Glass, Metals, Power & Energy, Water & Wastewater, Paper & Wood, Oil & Gas, and Semiconductor. About Rockwell Automation: Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 24,500 problem solvers dedicated to our customers in more than 100 countries. About the Rockwell Automation PartnerNetwork: Rockwell Automation believes we're better together—and we do our part by delivering an expansive, global partner ecosystem of market-leading technology, superior support and services, and an integrated and streamlined approach to business. Succeed on an international scale by utilizing our network's breadth of innovative technologies and services that no single vendor can provide alone.

Read More

PROCUREMENT & SUPPLY CHAIN,OPERATIONS

Inspectorio Expands to Support Production Line Quality Checks and Fabric Inspections

Inspectorio | November 24, 2022

Inspectorio, the leading cloud-based AI-powered SaaS solution for supply chain organizations, today announced the release of new features to extend the capabilities of its Inspectorio Sight quality management platform. Inspectorio Sight now includes added support for fabric inspections and production-line quality checks throughout the manufacturing process. By adding digitized quality checks further upstream in the supply chain, manufacturers, suppliers, retailers, and brands can detect and correct production issues earlier, reducing waste and saving time and money. Inspectorio offers several capabilities including digitized inspections across the supply chain to eliminate manual inspection tasks and provide real-time visibility into the production process to highlight high-risk areas. The new features allow Inspectorio Sight to provide quality control data at multiple points in production and give decision-makers using Inspectorio Sight an end-to-end perspective of production quality. "As manufacturers and buyers look for new ways to automate their operations, production becomes more data-driven, We developed Inspectorio Sight to automate manual inspections and reveal quality issues using real-time data, ultimately bringing visibility to the quality processes which in the past were not visible at all. With the additional inspection features we're announcing today, we have moved automated inspections upstream. We are closing the loop on quality assurance and delivering data for better fabric quality control from raw material to finished goods. The addition of Inspectorio Fabric Inspections and Production Line Quality Checks moves Inspectorio and the industry towards a holistic quality management solution. Our new offerings enable end-to-end quality performance management from the fabric inspection to the finished goods. Manufacturers, retailers, and brands can now have a holistic understanding of quality performance across their suppliers and factory partners." -Carlos Moncayo, CEO of Inspectorio. Inspectorio has added improved quality oversight to two new areas of production: Fabric inspections, including: Configurable inspection workflows, purpose built for fabrics. Centralized inspection scheduling and status tracking. Executing inspections at the roll level. Fabric inspection monitoring and reporting. Analytics on fabric quality and supplier performance for decision-making. Production line quality checks, including: Monitoring quality during production to correct defects early and continually improve performance. Configurable production line quality check standards, so inspectors know what to look for. The ability to create item inspections from the factory floor using mobile devices. Immediate uploading of reports to be shared with stakeholders. Recording data on each shift, assembly line, and production date to identify assembly line performance. Inspectorio Sight automates and standardizes quality inspections and simplifies data gathering and analysis. Real-time information improves communication between stakeholders, enabling preemptive corrections. Inspection reports are generated in seconds using real-time data. Inspectorio Sight also uses artificial intelligence (AI) and machine learning (ML) to analyze data sets and mitigate risk. Inspectorio Sight customers report a range of operational benefits, including: 70% time savings on quality control activities. 85% increase in quality team productivity. 94% improvement in inspection pass rate. About Inspectorio: Inspectorio leads the transformation of the global production chain by building an interconnected, empowered, and sustainable production network. Inspectorio helps brands, retailers, manufacturers, and suppliers manage risk through digitized quality, compliance and production tracking modules, and is used by over 8,000 customers globally, including some of the world's largest brands and retailers. Inspectorio offers Inspectorio Sight for quality management, Inspectorio Rise for compliance management, and Inspectorio Tracking to facilitate improved production tracking. In November 2022, Inspectorio launched Inspectorio DocuFlow, a document management system built for supply chains. Headquartered in Minneapolis, Inspectorio has over 280 employees across the globe.

Read More