TOKYO, May 27, 2021 - (JCN Newswire via SEAPRWire.com) - Chiyoda Corporation (Chiyoda), Cognite, and Mitsubishi Corporation (MC) today announced the signing of a Memorandum of Understanding and a proof-of-concept (PoC) agreement ("the Agreement"). The former covers the joint provision and collaboration on the Mirai Fusion (MF) digital solutions platform, which is designed for industrial facilities and plants, while the latter covers PoC work for an oil refinery in Japan. Our plan is to expand on these solutions and ultimately make them available to a variety of industrial facilities in Japan and overseas, including other oil refineries and LNG and petrochemicals plants. Efficiency improvements and the succession of management and technologies are important challenges in plant operations. Some of the more pressing issues include cutting maintenance costs associated with aging and deteriorating equipment, accurately gauging the operational and management expertise of skilled workers, and the integrated use of data that up to now have been disconnected due to the vertical structuring of existing systems. The MF platform is built on Cognite Data Fusion (CDF), software developed by Cogn...