Radix & Cognite team up to revolutionise industrial data
Radix has announced a strategic partnership with Cognite to enhance data management and asset performance across various industries, including oil and gas, energy, petrochemicals, and manufacturing. The collaboration aims to leverage Artificial Intelligence (AI) through a new Industrial Applications Library, which utilises hybrid intelligence to streamline processes and optimise operations.
The partnership combines Cognite's Industrial DataOps platform, Cognite Data Fusion, with Radix's expertise in engineering, data and software technology. This integration is designed to allow customers to intelligently analyse and extract essential information from their data, fostering improvements in operational efficiency, uptime optimisation, and cost reductions.
Flavio Guimares, Global Head of Alliances & Practices at Radix, said, "Our partnership with Cognite has shown that we can bring our unique expertise together to empower companies with the hybrid intelligent tools they need to get to the data that becomes valuable and actionable information. With Cognite Data Fusion, we help businesses streamline their data, thus helping to boost decision-making with real-time insights and drive cost reductions across the organisation."
One notable implementation of this collaboration is with a major chemical manufacturing company. By using Cognite Data Fusion in conjunction with Radix's hybrid intelligence, the companies were able to leverage information from legacy data systems and integrate them into a manufacturing portal. This new system presents data in a more accessible manner, significantly improving operational capabilities.
Radix has announced that it will unveil a rich set of industrial applications built on top of Cognite Data Fusion. These solutions are tailored to enhance scalability, usability, and overall value for users and businesses. Some of these applications will be showcased at Cognite Impact 2024 in Houston, Texas. Featured solutions will include operational views on actionable insights, Overall Equipment Effectiveness (OEE) monitoring and control, Preventative Insights for Monitoring, and Improvement Workflows for field process improvements and operational efficiency.
Laxmi Akkaraju, Chief Customer Officer at Cognite, emphasised the significance of this partnership. "Cognite was founded to solve the industrial data problem and deliver simple access to complex industrial data," she said. "Cognite Data Fusion liberates siloed data and enables reliable responses from Generative AI. By layering Radix's expertise on top of our platform, we can quickly identify the root causes of operational problems and empower our customers to solve some of their most complex business problems."
Trudi Hable, Head of Strategic Alliances, North America at Radix, added, "The Industrial Applications Library creates added value to the digital transformation journey helping companies to achieve optimal operational excellence and significant cost savings for our customers. Radix's expertise and intelligence will ensure that real-time information is being relayed to Cognite Data Fusion in an efficient manner, allowing for the right data to be brought to the right people."
The partnership is anticipated to drive innovation and sustainability across industrial sectors, aiming to promote energy efficiency and reduce utility costs. By combining hybrid intelligence in asset performance with deep industrial intelligence, the collaboration between Radix and Cognite aims to accelerate the path towards a sustainable future.
