Ventyx CEO and ABB executives gather with professionals from asset-intensive industries to connect, share, learn and prosper
Ventyx CEO Jeff Ray at Ventyx China Summit Day
BEIJING, September 24, 2013 — Ventyx, an ABB company, and ABB, the leading power and automation technology group, today opened the inaugural China Summit Day at the Shangri-La Hotel in Beijing. The one-day, invitation-only event opened with an address by Ventyx CEO Jeff Ray, who outlined the unprecedented challenges facing today’s businesses in asset-intensive industries such as energy & utilities and mining across China.
“China is at the forefront of dynamic and evolving industries, but the challenges faced here are common to asset-intensive enterprises around the world -- only on a much larger scale,” said Ray in his opening address. “In the face of market uncertainties that impact investment plans and budgets, how do you minimize the effects of change on your business and your customers, ensure the safety of your workforce, minimize pollution and protect your significant investments in assets while reducing their downtime and failure? The true challenge is how to better predict, and therefore better respond to constant change.”
According to Ray, these challenges are not only common across geographies; they are interconnected within and across industries. “You need reliable assets to optimize your network. Accurately adjusting your mine plan requires clear insight into upcoming contracts. You must know what’s happening in your plant to manage worker safety. From the fuel that powers the haul trucks in the mine, to the train that ships the coal, to the power plant that converts it to energy and the grid that distributes it, asset-intensive industries are inexorably linked.”
Ray shared the ABB and Ventyx vision of enterprise-wide solutions that provide unparalleled visibility across these vast business operations. “With true visibility, asset-intensive industries can face today’s challenges and make faster, better-informed decisions in both daily operations and long-term planning strategies. By connecting, learning and sharing, we all prosper.”
Claudio Facchin, Senior Vice President of ABB Group & Head of ABB North Asia and China making a presentation at the event
Ray was joined onstage by Claudio Facchin, Senior Vice President of ABB Group, Head of ABB North Asia and China. Claudio discussed the strategic role of enterprise software for ABB customers. “Together with Ventyx, we have bridged the gap between operational technology and information technology for our customers, and are building groundbreaking solutions that address their biggest business challenges,” said Facchin.
As part of the China Summit Day, Ventyx and customer executives presented how these groundbreaking solutions are delivering real-world benefits along the mining value chain and helping customers overcome big energy challenges. Some of the solutions presented included the Asset Health Center, a comprehensive mining offering incorporating Ventyx MineMarket and ABB 800xA, as well as the industry’s leading software solutions for managing end-to-end utility operations.
Furthermore, CEO and founder Dr. Philip E. Lewis and analyst of VaasaETT summarized the findings of the recently completed Smart Grid Global Impact Research Report. The report is the first of its kind to date and encompasses 12 months of research into more than 200 smart grid projects to measure the success and value of smart-grid technology against a host of criteria, including innovation, environmental impact, and customer service.
Ventyx, an ABB company, is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure. Ventyx solutions bridge the gap between information technologies (IT) and operational technologies (OT), enabling clients to make faster, better-informed decisions in both daily operations and long-term planning strategies. Some of the world’s largest organizations rely on Ventyx solutions to minimize risk, enhance operational and financial performance, and execute the right strategies for the future. For more details, see www.ventyx.com
) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with nearly 19,000 employees, 36 local companies, and an extensive sales and service network across 90 cities.
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