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Energy · head to head

Novity vs OSIsoft PI System

Novity logo

Novity

Energy

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

From
On request
Rated
-
Full reviewWebsite
OSIsoft PI System logo

OSIsoft PI System

Energy

Real-time operational intelligence for industrial operations

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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.; OSIsoft PI System oSIsoft is now AVEVA and osisoft.com redirects to the AVEVA PI System pages
  • They diverge on capability: Novity covers TruPrognostics engine, OSIsoft PI System covers Real-time data collection.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

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

Attributes where Novity and OSIsoft PI System differ
AttributeNovityOSIsoft PI System
PlatformsWeb, CloudWindows, Web, Api
FoundedUnknown1980

Identical on both: starting price (On request), pricing model (quote), 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 Novity

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

Only in OSIsoft PI System

  • Real-time data collection
  • Time-series data storage
  • Advanced analytics
  • Asset framework
  • Visualization tools
  • Event frames
  • Data compression
  • Notifications and alerts

What people use each for

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

Novity

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

OSIsoft PI System

  • Collecting and historising high frequency industrial process and sensor datanot Novity
  • Operations dashboards and trend analysis for plants and utilitiesnot Novity
  • Feeding real time operational data into analytics and digital twin applicationsnot Novity

Where each one falls short

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

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.

OSIsoft PI System

  • OSIsoft is now AVEVA and osisoft.com redirects to the AVEVA PI System pages
  • No pricing is published; osisoft.com/pricing resolves to AVEVA product pages with no rate, minimum or cost driver
  • Licensing runs through the AVEVA Flex Subscription Program rather than a published per-seat or per-tag price
  • The PI System is split across separately listed products including PI Server, PI Vision, PI Data Infrastructure and Edge Data Store

Pricing, plan by plan

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

OSIsoft PI System

On request

No published plan breakdown. See the OSIsoft PI System review.

Which should you pick?

Choose Novity if

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

Choose OSIsoft PI System if

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

Questions people ask

Is Novity or OSIsoft PI System better?
Neither clearly leads. Novity starts at On request and OSIsoft PI System at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Novity or OSIsoft PI System?
Novity starts at On request and OSIsoft PI System at On request.
Does Novity or OSIsoft PI System run on more platforms?
Novity runs on Web, Cloud. OSIsoft PI System runs on Windows, Web, Api.
What is Novity best used for?
Novity is most often used for a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround, an lng terminal with critical compressors and no run-to-failure history to train a conventional model, a wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizon, a generator operator supplying data centre load where an unplanned trip carries contractual penalties. Of those, a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround and an lng terminal with critical compressors and no run-to-failure history to train a conventional model are not what OSIsoft PI System is typically brought in for.
What can Novity do that OSIsoft PI System cannot?
Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life. OSIsoft PI System covers Real-time data collection, Time-series data storage, Advanced analytics, Asset framework.

Answered from the vendors’ own pages

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.

OSIsoft PI System: How much does the AVEVA PI System cost?

AVEVA PI System (formerly OSIsoft PI System) operates on a subscription-based commercial model with customized pricing. The company structures subscriptions to match specific use cases and business needs, requiring direct contact with account representatives.

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.

OSIsoft PI System: What is AVEVA PI System's pricing model?

AVEVA offers subscription-based licensing for software components running on-premises or in the cloud. Subscriptions are customized per customer use case, and pricing is determined through consultation with local account representatives.

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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