Abstract: A system, apparatus and method for monitoring condition of an asset in a technical installation is provided. The method includes receiving condition data from one or more sources associated with the asset. The method includes determining one or more critical parameters associated with the operation of the asset based on the received condition data. The method includes generating a forecast model trained on condition data and a correlation matrix as a regressor variable for the forecast model. The method includes predicting values of the critical parameters of the asset as output of the generated forecast model for a given time period. The method includes determining whether the predicted values of the critical parameters are within a predefined operational range of critical parameters. The method includes recommending one or more actions, on display device if predicted values of critical parameters are beyond predefined operational range of critical parameters of asset.

Abstract: A system, device, and method for managing connections in an industrial installation are described. The system includes one or more field devices, one or more automation devices, and a self-configurable device. The self-configurable device is adapted to dynamically configure, based on type of the one or more field devices and the one or more automation devices, such that the self-configurable device manages a connection between the one or more field devices and the one or more automation devices. The self-configurable device is adapted to calibrate one or more field devices and manage automation functions in the industrial installation.

Abstract: A system, device, and method for managing connections in an industrial installation are described. The system includes one or more field devices, one or more automation devices, and a self-configurable device. The self-configurable device is adapted to dynamically configure, based on type of the one or more field devices and the one or more automation devices, such that the self-configurable device manages a connection between the one or more field devices and the one or more automation devices. The self-configurable device is adapted to calibrate one or more field devices and manage automation functions in the industrial installation.