Exploring new ways with co-innovation

Exploring new ways with co-innovation

July 17, 2019

Too complex challenges? Find innovative solutions! Nothing is as certain as change, they are part of the evolution. Consider developments such as the energy transition, the circular economy or industrial digitalization. We strive to be at the forefront of transforming these complex challenges into valuable technology and services together with our partners.

Innovation in the industrial sector

By joining forces with partners within existing markets and entering partnerships in new areas, we make sustainable innovation in the industrial sector possible. The world has simply become so complex that it is no longer possible to do everything yourself. Through a smart approach that involves cooperation in essential areas or looking beyond the boundaries of the established domain, we can work with customers to achieve results that really matter in terms of people, the environment and the economy.

Co-innovation gives a boost to the chance of success

While co-innovation may sound like a recent boardroom buzzword, Yokogawa has been doing it for years. Co-innovation is in our DNA. In the Netherlands for example, we have worked with various partners to help NAM (Dutch Petroleum Company) optimize all the processes related to gas production in the Groningen gas fields for over 22 years. It was not a simple task, but we were ready for the challenges along the way and we still are. We gained deep insights into the demands and needs of NAM by productive discussions and analyses.

By always putting the right people in the right places and looking at each challenge from different angles, we boost the success rate of our ideas. Once we have a proof of concept that gets the green light, the innovation is incorporated into our standard working method.

New markets and technologies: new challenges

We as Yokogawa apply our innovative strength both to the major themes and specific products or processes. From the Yokogawa Long Term Goals (UN: Sustainable Goals) and the business plan (Transformation 2020), we have set up Squads that tackle new challenges, new markets, and new technologies through an Agile/SCRUM approach. During the internal Co-Innovation Conference Empowered to Transform, we have already presented a number of our Squad team’s brainchildren. These include the wireless Sushi Sensor, real-time petrochemical process simulation via Petro-SIM, advanced cyber security visualization with Dynamic Bow Tie and the Industrial Internet of Things (IIoT) platform that greatly simplifies the collection, analysis, and visualization of data.

Innovate off the beaten track

Increasingly often, because of the focus on co-innovation, Yokogawa’s field is expanding beyond its original boundaries. Who would have thought we would enter into a partnership with a Spanish algae farm to contribute to the optimization of food production? Or work with a Finnish company to perfect the refrigerated transport of perishable products?

 

Co-innovation is the future!

 

 

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