IBM has acquired Oniqua Holdings Pty Ltd. This company is a global innovator in Maintenance Repair and Operations (MRO) Inventory Optimization solutions and services. Their primary focus is on mining, oil & gas, transportation, utilities, manufacturing and other asset-intensive industries.
This acquisition expands IBM's Asset Optimization Practice. This partnership assists clients to reduce and optimize MRO inventories, making it easier to predict critical parts. This also helps to determine when clients’ equipment might fail so proactive actions can be taken to avoid unplanned downtime.
Oniqua's solution is being used by the world's leading companies. The solution providing a single view of the truth for MRO spares inventory. Because IBM has bought Oniqua, they are growing their asset optimization business with new capabilities that provide one data source around all company assets to ensure 24/7 operational efficiency. Using Oniqua, with other IBM solutions such as Maximo and Tririga, will provide consistency and data accessibility across the business with a central source of trusted information.
As a result of this, asset-intensive businesses will be able to monitor and manage their assets for predictive and proactive maintenance. They will also have the assurance that all critical parts are available when they are needed, which will minimize operational downtime.
“Clients are moving from legacy, on-premise offerings to new cloud-based predictive analytics and prescriptive maintenance offerings. But without instant access to the right data, they are still susceptible to critical equipment breakdowns that can cripple their businesses,” said Jay Bellissimo, GM, Cognitive Process Transformation, IBM Global Business Services. “By combining the world's leading asset optimization solution Maximo with the leading MRO Inventory Optimization solution from Oniqua, we will offer a next generation 'solutions as-a-service' that let businesses easily connect with the data they need so they can forecast equipment failures, optimize spare parts, reduce unplanned downtime and optimize asset maintenance.”
Oniqua has its headquarters in Denver. They also have offices in Brisbane, Australia. The company currently serves more than fifty of the world's leading companies. As part of the acquisition, IBM Services will acquire from Oniqua a team of professionals with key skills in MRO inventory optimization, data engineering, data science and predictive and prescriptive analytics.
“Bloated MRO spares inventories, surplus and obsolete parts on the shelf, an endless spend on inventory reduction projects and the negative impact a lack of inventory optimization has on unplanned production downtime. As a result, CEOs and CFOs of leading asset-intensive companies are paying more attention than ever to growing spare parts inventory balances, oftentimes totalling billions of dollars. Oniqua's solution with IBM's Asset Optimization offerings provides the market with an industry leading platform not offered by any other software company focused on the digital industrial revolution,” said Joe Berti, CEO, Oniqua.
Chrissie Cluney has been a correspondent for IoT Evolution World since 2015. She holds a degree in English with a concentration in writing from the College of Saint Elizabeth.
Edited by Ken Briodagh