November 1, 2016

MIMOSA, which provides information standards for physical asset management, announced today that SAP has joined the organization to incorporate MIMOSA’s industry standards on SAP® Asset Intelligence Network. Alan Johnston, president of MIMOSA said, “I am very pleased to have SAP join MIMOSA and support the Open Industrial Interoperability Ecosystem. This way, we expect that many more of the owner/operators in asset-intensive industry groups will gain business value from SAP Asset Intelligence Network running on the new SAP HANA Cloud Platform when they leverage our open standards.”

MIMOSA provides a broadly used portfolio of industry standards for physical asset management and leads the development of the Open Industrial Interoperability Ecosystem (OIIE), in cooperation with other industry standards associations. Ken Dunn from BP, who is chairman of the MIMOSA board, explained: “The OIIE incorporates a portfolio of international and industry standards which enable sustainable standards-based interoperability. It is designed to dramatically reduce the cost of integration across a heterogeneous information technology environment and to facilitate the Industrial Internet of Things (IIOT). The OIIE is even more important in economically challenging times, as it helps owner/operators reduce cost and complexity, while continuing to sustain critical programs around asset integrity management and operational risk management. SAP’s commitment to these industry standards is a major step forward in their widespread adoption.”

SAP Asset Intelligence Network will provide a global registry of industrial equipment designed to enable collaborative business models. Achim Krueger, VP of Global Solutions for the SAP Extended Supply Chain (which includes Asset Management and HSE), commented, “Being part of this interoperability standards organization will become a key support of SAP Asset Intelligence Network, benefitting our entire ecosystem of manufacturers, engineering suppliers and asset operators. The intent is to enable them to automatically exchange their asset management data and reduce manual steps in the process. This is a great example of how SAP continues to work with the industry to co-innovate new solutions that are important for our customers.”

Ken Evans, head of SAP Global O&G Business Unit, stated, “As our customers digitally transform their global operations, they need greater flexibility in their business and operations technology platforms. We view joining MIMOSA as an important step to support their ability to openly integrate SAP Asset Intelligence Network with their ecosystem of service providers. We are excited to continue our innovations with the O&G industry and to utilize standards to improve overall enterprise process efficiency and access to operational content.”

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