News & Views
of technology to improve decision-making and drive profitability in global chemical manufacturing will be critical, as per ABB, one of the leaders in the field of automation.
Chemical industry is likely to face more challenging conditions over the next decade as uncertainty and disparity of performance are evident throughout the industry, reports ABB, in its white paper on ‘Transforming Chemical Operations Through Technology’.
The report states that the chemical industry is at an important stage of transformation and explores the external and internal challenges which can be addressed through digitalisation.
In an uncertain macroeconomic environment and an industry with significant production and geography-related complexity, chemical manufacturers should invest in digital technologies and advanced analytics to help them harness their data for maximum performance.
Dr. Zied M. Ouertani, Digital Lead, Chemicals and Refining for ABB’s Industrial Automation Oil Gas and Chemicals Business Unit, says, “The complex nature of chemical production renders optimal decision-making particularly difficult. The number of variables to process for maximum performance are enormous. In addition to volatile costs and prices, chemicals can be made in many ways to achieve the same output. Challenges also vary by region.”
ABB suggests that leaders must move quickly or risk being surpassed by competitors, who embrace the full potential of digitisation to transform operations at the device, process, plant and enterprise level.
Dr. Ouertani adds, “Digitalisation, done well, allows chemical companies to get a highly granular view of their assets which, when viewed in conjunction with data from more traditional business systems, can generate quicker and better insights to drive competitive advantage.
“But companies will need to embrace digitalisation on a bigger, much more holistic scale encompassing end-to-end processes throughout plants and across the supply chain – not just in isolated pockets of change.”