Nokia joins Pöyry and Infosys, to enhance ...
14 March 2019
Nokia today announced that it will partner with Pöyry, an international consulting and engineering company, and Infosys, a global leader in next-generation digital services and consulting, to further enhance and accelerate the adoption of KRTI 4.0(TM), an artificial intelligence (AI) framework for operational excellence.
The KRTI 4.0(TM) framework applies AI, cognitive/machine learning and machine-to-machine (M2M) capabilities to the industrial environment and addresses complex and expensive lifecycle management challenges faced by industry, utilities, transportation and infrastructure organizations across operational technology (OT) systems. The applied methodology identifies critical enterprise systems and assets and provides a deep understanding of their behavior to unlock and create new value for customers by reducing system maintenance costs and expensive operation shutdowns, improving reliability and enhancing employee and environmental safety.
KRTI 4.0(TM) uses predictive and prescriptive analytics, that empowers decision makers with real-time knowledge on the best and the most effective operating and maintenance options for their OT systems, leveraging tools such as real-time dashboards, RAMS (Reliability, Availability, Maintainability, Safety) modelling capabilities, augmented reality, chatbot functionality and more enabled by highly secure and reliable connectivity.
Chris Johnson, Global Head of Enterprise at Nokia, said: "A key component in realizing the promise of Industry 4.0 is ensuring global IoT connectivity across the supply chain, the factory and the distribution networks. Dedicated wireless networks based on LTE & 5G, along with WING, offered in cooperation with our mobile network operator partners and coupled with our IMPACT platform, are a key enabler in solving this global IoT connectivity challenge. We are excited to be working with other IoT industry leaders to help make Industry 4.0 a reality."
Richard Pinnock, President, Energy Business Group at Pöyry, said: "Our KRTI 4.0(TM) framework using RAMS modelling methodology puts the Pareto principle's 80/20 rule at the heart of the decision-making process. We know the criticality of each part of the asset and focus our data collection strategy and analytical predictive capabilities where it matters most. In KRTI 4.0(TM) real-time data from critical assets is converted to information with innovative computing and business intelligent algorithms enabling proactive prescriptive decision making. This is the difference; and for this to be made possible, industrial-grade secure IoT connectivity is key. This is where Nokia steps in to bring market-leading IoT connectivity solutions and expertise to the KRTI 4. 0(TM) framework".
Nitesh Bansal, Senior Vice President and Global Head of Engineering Services at Infosys Ltd., said: "At Infosys we are focused on helping our clients maximise the potential that digital services including IoT have to offer. Through KRTI 4.0, we are focused on maximising the value that our clients are able to derive from their existing assets. We are pleased to have Nokia join this alliance, to accelerate the adoption of the framework at an enterprise scale, while ensuring security, legal and regulatory compliance."
About the Solution
- The KRTI 4.0(TM) model-based data driven framework incorporates the Pöyry RAMS methodology, which defines the criticality of every asset contributing to the functioning of an OT system.
- Infosys' Nia knowledge-based AI platform continuously executes complex, advanced analytics and machine leaning models and exchanges information with the RAMS model to identify any inherent risk in operations on the overall system.
- Nokia provides the pervasive, secure industrial IoT connectivity and network analytics for integrating with data and devices from different OT systems, including IMPACT IoT platform, SI Suite - advanced visualization, Scene Analytics - machine learning video analytics, dedicated wireless networks based on LTE and 5G along with its Worldwide IoT Network Grid (WING) offering - sold in conjunction with mobile network operators - which supports dedicated IoT operations, billing, security, data analytics, and more. This data can then flow into the Nia system for the execution of forecasting models.
Further information:
- Learn more about KRTI 4.0(TM)
- Learn more about Nokia solutions:
About Nokia for Industries
Nokia has deployed over 1,000 mission-critical networks with leading utilities, railways, air traffic controllers, mining companies, banks and healthcare institutions around the globe. Leading enterprises across industries are leveraging our decades of experience building some of the biggest and most advanced IP, optical, and wireless networks on the planet. The Nokia Bell Labs Future X for industries architecture offers a framework for how companies can seize the Industry 4.0 opportunity.
About Nokia
We create the technology to connect the world. We develop and deliver the industry's only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Our customers include communications service providers whose combined networks support 5.7 billion subscriptions, as well as enterprises in the private and public sector that use our network portfolio to increase productivity and enrich lives.
Through our research teams, including the world-renowned Nokia Bell Labs, we are leading the world to adopt end-to-end 5G networks that are faster, more secure and capable of revolutionizing lives, economies and societies. Nokia adheres to the highest ethical business standards as we create technology with social purpose, quality and integrity.
Media Inquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire
Latest directors dealings
- 15 hours ago Close Brothers Group
- 15 hours ago Savannah Energy
- 16 hours ago Mid Wynd International Inv Trust
- 16 hours ago Dillistone Group
- 16 hours ago SSP Group