According to a release, the collaboration between the two companies will bring together “ABB’s industry technology ability with IBM Watson Internet of Things cognitive capabilities to unlock new value for customers in utilities, industry and transport and infrastructure.”
Customers in the these sectors are expected to benefit from ABB’s deep domain knowledge and portfolio of digital solutions combined with IBM’s expertise in artificial intelligence and machine-learning and different industry verticals.
“The first two joint industry solutions powered by ABB Ability and Watson will bring real-time cognitive insights to the factory floor and smart grids,” says the Economic Times’ CIO.com.
“This combination marks truly the next level of industrial technology, moving beyond current connected systems that simply gather data, to industrial operations and machines that use data to sense, analyze, optimize and take actions that drive greater uptime, speed and yield for industrial customers,” said ABB CEO Ulrich Spiesshofer.
“With an installed base of 70 million connected devices, 70,000 digital control systems and 6,000 enterprise software solutions, ABB is a trusted leader in the industrial space, and has a four decade long history of creating digital solutions for customers. IBM is a leader in artificial intelligence and cognitive computing. Together, IBM and ABB will create powerful solutions for customers to benefit from the Fourth Industrial Revolution,” added Spiesshofer.
Expanding capabilities beyond current solutions
The collaboration is aimed at developing new solutions that will help industrial customers solve some of their biggest industrial challenges, such as improving quality control, reducing downtime and increasing speed and yield of industrial processes.
ABB and IBM aim to create “cognitive industrial machines that use data to understand, sense, reason and take actions supporting industrial workers to help eliminate inefficient processes and redundant tasks,” instead of connected systems that merely gather data.
“This important collaboration with ABB will take Watson even deeper into industrial applications – from manufacturing, to utilities, to transportation and more,” said Ginni Rometty, IBM chairman, president and CEO. “The data generated from industrial companies’ products, facilities and systems holds the promise of exponential advances in innovation, efficiency and safety. Only with Watson’s broad cognitive capabilities and our platform’s unique support for industries can this vast new resource be turned into value, with trust. We are eager to work in partnership with ABB on this new industrial era.”
Image credit: 123rf