Potential for data analytics opportunities in SMART chemical Industry
In today’s environment digitization will bring essential information on safety and process data to our fingertips. The future generation needs to harness the potential presented through digitization building the foundation of Enterprise Manufacturing Intelligence leading the SMART Chemical industry globally. This article discusses the value of driving from data to knowledge capture and the ways to achieve the goal within an organization.
Tomorrow’s opportunities has long been defined by the decisions the early chemical industry made during the industrial revolution. It was during the industrial revolution of the 18th century that the first “new” manufacturing processes were developed through scale up. Our industrial predecessors made some thoughtful decisions in going through the Industrial to Information to Digital revolution (1) in the Chemical Industry. Digitization brought essential information on safety and process data to our fingertips and the time taken to grasp and apply this information has been the generational culture change which every revolution has struggled with.
Today, we are on the cusp of a new revolution in which we marry the decisions of the past with the need for taking advantage of real time data to prepare ourselves for the renewed focus on process reliability and safety in the Chemical industry.
Industry 4.0 and Industrial Internet of Things (IIOT) are going to play a significant role in the current generation of improvements that the Chemical Industry will achieve. A significant step forward is the introduction of signific ...