Addressing external and internal challenges in chemical companies through digitization

ABB recently released a two part white paper called transforming chemical operations through technology. In the first part of the white paper, abb warned that the situation in the next 10 years could become more challenging due to considerable uncertainty and performance differences across the chemical industry.

The white paper believes that the current situation shows that the chemical industry is in an important transformation stage, and discusses the external and internal challenges that can be solved by digital.

The paper suggests that in uncertain macroeconomic environments and industries with significant production and geographic related complexity, chemical companies should invest wisely in digital technology and advanced analysis to help them achieve maximum performance with data and thrive in the face of challenges.

“The complexity of chemical production makes optimal decisions particularly difficult,” said Dr. Zied M. ouertani, digital director of chemical and refining, ABB’s industrial automation oil and gas and chemicals business

Dr ouertani continued: “in order to achieve best performance, the number of variables to be processed is huge. In addition to the unstable costs and prices, the production of chemical products can also achieve the same production in many ways. The challenges also vary by region. For example, emerging market factories must address skills gaps, while mature market factories need to address the problem of the loss of retirees. “

“It’s easy to get data using digital technology, but it’s not useful for anyone to get it for the sake of it. The real benefits will only be achieved if technology can filter data and make it useful on the board, and we are now at a turning point to make this possible, “Dr ouertani said.

ABB also recommends that leaders also act quickly, otherwise it is possible to be overtaken by competitors who take full advantage of digital potential and change operations at the equipment, process, plant and enterprise levels.

“If digitization is done well, chemical companies can get a high-grained view of their assets and, when combined with data from more traditional business systems, can generate faster and better insight to drive competitive advantage,” Dr ouertani said

“But to gain significant benefits from the potential offered, chemical companies will need to embrace digitization on a larger, more comprehensive scale, including the end-to-end processes of the entire plant and supply chain – not just in isolated change areas.”

The paper chooses from independent sources and explains the ways digital development can benefit the Department. It discusses the potential of increasingly cost-effective digital technology to promote improved monitoring, more integrated operations and remote management to reduce costs and risks and increase productivity in the context of market complexity and uncertainty.

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