This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerson Targets Emerging Multibillion-Dollar “Pervasive Sensing” Market

Emerson Process Management, a global business of Emerson (NYSE: EMR), announced today it is leveraging its leadership in wireless technology and measurement instrumentation to tap what it calls the “pervasive sensing” market. Pervasive sensing enables refineries, chemical plants and other industrial facilities to get more and deeper data in ways they could not before about all aspects of the enterprise, giving them even greater visibility to operate more safely, reliably and profitably.

Emerson estimates over the next 10 years, the pervasive sensing market will more than double the existing $16 billion traditional measurement market.

Pervasive sensing extends the company’s focus beyond traditional process control and safety systems to address business-critical applications such as site safety, security, reliability, and energy efficiency in oil and gas, refining, chemical, power, mining and other industries, where installing additional sensors has traditionally been physically difficult, expensive or technically challenging.

With the advent of wireless technologies and advances in sensor technology and installation techniques, companies can install wireless, non-intrusive, affordable and easy-to-use sensors that can continuously monitor and detect operations. New software applications and embedded sensor intelligence are also becoming available to interpret the data from these sensors and convert it into actionable information, enabling prompt response to potential problems and better insight for improved decision-making.

“Our customers are like anyone else – they want actionable information that can make their lives safer, more predictable, while reducing costs, risk and time,” said Peter Zornio, chief strategic officer at Emerson Process Management. “This goes beyond the control room and optimizing process performance. They want clarity and certainty of conditions for business-critical decision-making across all aspects of their operations. To achieve this, a more comprehensive network of sensors is needed and that’s what pervasive sensing delivers.”

Emerson is already seeing customers move aggressively to take advantage of pervasive sensing. An Eastern European oil processing plant is currently deploying a full wireless infrastructure to allow the addition of 12,000 pervasive sensing instruments – 60 percent beyond the base of traditional process measurements – in order to better detect energy losses, equipment corrosion and safety releases.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs