Electronic Data Exchange
A pragmatic solution to automating information exchange.
For process, manufacturing or power industry engineering data.
Purchasers, suppliers and engineering contractors share technical information throughout the supply chain for the procurement and operations & maintenance of engineering equipment and plant.
Electronic data exchange allows data to be reliably transferred between them without time consuming, costly and potentially error prone manual transcription of data.
Interoperability between 2 or more computer systems is the ability to automatically, meaningfully and accurately interpret useful results, as defined by the end users of each system, by use of a common information exchange reference model.
Deployment of a system to reliably and efficiently share data electronically (i.e. providing interoperability) will potentially save the capital facilities industry millions of dollars a year.
In 2004, NIST reported that lack of software interoperability costs the capital facilities industry at least $15.8 billion annually and $1.6 billion/year in the process industry alone.