Under its IndustrialIT for Power Generation solution portfolio ABB has demonstrated the ability to translate its extensive processes knowledge and expertise into products, solutions, and service support that have helped its customers improve their overall performance.
Frost & Sullivan presents this Award to the company that has demonstrated the ability to expand its customer base, while maintaining its existing installed base, with more innovative value creation and enhancement strategies than competitors within its industry. The Award recognizes successful sales entry, customer acquisition and service strategies, and the degree to which they have met customers' stated needs and requirements.
The power industry is traditionally cautious toward technology until it is fully convinced of the benefits. ABB has demonstrated value to the industry, which, as a part of ABB's IndustrialIT for Power Generation solution portfolio has accepted the IndustrialIT System 800xA as a scalable and flexible solution for today's electric utilities.
"Central to System 800xA's success is its backward compatibility with the existing legacy systems," says Frost & Sullivan research manager Sathyajit Rao. "Customers clearly save existing investment in legacy systems while extracting maximum benefits from advanced process control strategies, optimization strategies, and innovative advanced application solutions such as the power plant Lifecycle Optimizer decision support system, Carbon In Ash Monitor 2.0, and other Optimax optimization solutions."
The Lifecycle Optimizer allows business managers to manage their assets by having a decision-support system for finding a balance between financial performance, operational performance, and risk exposure. For instance, the solution calculates production costs, taking into account plant depreciation and degradation resulting from production.
ABB's Optimax plant optimization systems, in conjunction with plant management and asset management solutions, help tackle the complexities of modern day utilities operating in a competitive market environment. ABB is able to provide seamless integration with third party distributed control systems (DCS) and ABB legacy systems. This maximizes operational efficiency based on a firm foundation of IT information management solutions that enable easy online configuration and help correlate business data with process data.
A well-engineered AdviseIT Life Time Monitoring solution compliments ABB's powerful applications suite. It helps optimize solutions and reduces lifetime consumption of critical components.
Innovative solutions such as Carbon In Ash Monitor 2.0 monitor carbon content and continuously maintain the quality of fly ash produced by plants. Excess carbon (un-burnt coal) in fly ash translates into increased costs for utilities. With ABB's solutions, customers can hope to achieve overall cost reduction while at the same time, achieve better combustion.
"Innovative solutions for emission control and plant-wide optimization solutions ensure that utility customers worldwide rest their confidence with ABB's power automation solutions, especially when it comes to surviving the challenges of the de-regulated and competitive segments," notes Rao.
The fact that the ABB's solutions deliver maximum value has helped it establish market dominance in the power automation segment. Whether providing advisory on thermodynamic models that provide early degradation warnings or performing predictive maintenance or complex trading strategies, ABB has excelled in increasing the overall value to its customers globally. In recognition of its ongoing commitment to excellence in technology and customer value, Frost & Sullivan is pleased to present ABB with the 2005 Customer Value Enhancement Award in the power automation segment for the year 2005.
Held in Boston, Frost & Sullivan's Customer Value Enhancement Awards Banquet honors world-class companies for their outstanding performance and achievements in customer care. An annual event, the banquet recognizes innovative developments that will significantly improve customer interaction and contribute to customer satisfaction.
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Trevligt för ABB och deras Industriella IT satsning.
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