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Energy · head to head

AVEVA PI System vs Novity

AVEVA PI System logo

AVEVA PI System

Energy

Industrial data infrastructure for real-time insights

From
On request
Rated
-
Full reviewWebsite
Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: AVEVA PI System pricing is not published and comes through an account representative; Novity novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • They diverge on capability: AVEVA PI System covers Real-time data collection, Novity covers TruPrognostics engine.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which AVEVA PI System and Novity actually diverge.

Attributes where AVEVA PI System and Novity differ
AttributeAVEVA PI SystemNovity
Pricing modelone-timequote
PlatformsDesktop, Web, Mobile, ApiWeb, Cloud
Founded1967Unknown

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in AVEVA PI System

  • Real-time data collection
  • Time-series data storage
  • Asset framework
  • Visualization
  • Analytics
  • Event management
  • Notifications
  • Data integration

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

What people use each for

The jobs each tool is most often brought in to do.

AVEVA PI System

  • Industrial data collection and storage for oil, gas, and chemical processingnot Novity
  • Real-time operational data visualization and HMI dashboardsnot Novity
  • Supply chain and asset performance monitoring across sitesnot Novity
  • Compliance and audit trail management for regulated industriesnot Novity
  • Integration with SCADA systems and manufacturing executionnot Novity

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot AVEVA PI System
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot AVEVA PI System
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot AVEVA PI System
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot AVEVA PI System

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

AVEVA PI System

  • Pricing is not published and comes through an account representative
  • The vendor is moving to a subscription commercial model, so perpetual licence expectations no longer hold
  • Made up of several separately named components, including PI Server, PI Vision, Edge Data Store and the adapters and connectors needed per data source

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

Pricing, plan by plan

AVEVA PI System

On request
  • Data Archive$undefined/license
    • Time-series data storage
    • High-speed data collection
    • Data compression
  • Operations$undefined/license
    • PI Vision dashboards
    • AF analytics
    • Event frames
  • Enterprise$undefined/license
    • PI Integrator
    • Cloud connectivity
    • Advanced analytics

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

Which should you pick?

Choose AVEVA PI System if

  • You need real-time data collection.
  • You work on Desktop, Web, Mobile, Api.
  • You also want time-series data storage.
AVEVA PI System review

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Questions people ask

Is AVEVA PI System or Novity better?
Neither clearly leads. AVEVA PI System starts at On request and Novity at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, AVEVA PI System or Novity?
AVEVA PI System starts at On request and Novity at On request.
Does AVEVA PI System or Novity run on more platforms?
AVEVA PI System runs on Desktop, Web, Mobile, Api. Novity runs on Web, Cloud.
What is AVEVA PI System best used for?
AVEVA PI System is most often used for industrial data collection and storage for oil, gas, and chemical processing, real-time operational data visualization and hmi dashboards, supply chain and asset performance monitoring across sites, compliance and audit trail management for regulated industries. Of those, industrial data collection and storage for oil, gas, and chemical processing and real-time operational data visualization and hmi dashboards are not what Novity is typically brought in for.
What can AVEVA PI System do that Novity cannot?
AVEVA PI System covers Real-time data collection, Time-series data storage, Asset framework, Visualization. Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life.

Answered from the vendors’ own pages

AVEVA PI System: What is AVEVA PI System pricing?

AVEVA does not list PI System pricing on its website. AVEVA markets industrial software through enterprise sales channels with custom quotes.

Source
Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

AVEVA PI System: Does AVEVA offer a Flex Subscription Program?

AVEVA mentions Flex Subscription Program on its site for flexible product access, but pricing and terms are not published publicly.

Source
Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

AVEVA PI System: Is AVEVA PI System available in the cloud?

AVEVA offers cloud options for its products, but per-seat or usage-based pricing for cloud deployments is not disclosed on the vendor website.

Source
Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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