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IoT Service Platform Puts Eyes on Critical Assets

The launch of Flowserve’s RedRaven platform provides remote monitoring and optimization of flow-related equipment and devices, enabling predictive maintenance for a number of industries.

Flowserve Screens

No doubt, digitalization and the predictive analytics it enables have become increasingly important for a wide variety of industriesβ€”from food and beverage to life sciences to oil and gasβ€”to gain better visibility into potential production problems and predict equipment failures before they happen. The COVID-19 pandemic has put even more focus on manufacturers’ ability to monitor production and assets remotely.

>>Read ProFood World’s February cover story to learn more about how COVID-19 is pushing food and beverage manufacturers toward digital innovation.

Naming its latest offering after a bird known for its intelligence and insight, Flowserve is bringing Industrial Internet of Things (IIoT) capabilities into its own flow control products while helping its customers monitor their other assets remotely as well. RedRaven is an IIoT service suite that supports any flow control equipment, regardless of manufacturer.

β€œWe’re giving them eyes where they’ve never had them before,” says Lars Rosene, vice president of corporate communications and public affairs for Flowserve. β€œThe pandemic has caused us to really change the way we monitor operations.”

Though the definition of IIoT has changed and grown along the way, Flowserve has been deploying IIoT equipment since 2010, comments Scott Rowe, Flowserve president and CEO. Now, the RedRaven platform improves scalability to monitor equipment and prevent failures, and provides more accurate analytics, β€œwhich leads to better insights,” Rowe adds.

IIoT-based predictive maintenance solutions are expected to reduce factory equipment maintenance costs by 40%, according to Deloitte. Predictive maintenance can also reduce safety, health, environment and quality risks by 14% and extend the life of an aging asset by 20%, according to PwC.

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