Digital Transformation is taking the Chemical industry by storm—reducing significant waste and downtime. Industrial Internet of Things (IIoT) is enabling chemical manufacturers to bridge the OT/IT gap to enhance safety, streamline the product lifecycle management and regulatory compliance.
Let’s take a look into the benefits of digital transformation in the chemical industry.
Unscheduled downtime: With digital transformation coming into the picture, opportunities like predictive maintenance and prescriptive maintenance are coming up and changing the chemical manufacturing landscape. They provide meaningful data that are crucial to decision making and help manufacturers identify potential disasters beforehand. Thus, reducing maintenance cost and scheduled downtime.
Higher Operational Safety: Technologies like Augmented Reality (AR) and Virtual Reality (VR) provide real-time operating procedures and critical information, improving precision in performance and reducing human error. From giving live updates on hazards around operator’s location to visual guidance, AR helps operators to perform at optimal level.
Digitised Product Lifecycle Management (PLM): With PLM, chemical manufacturers can develop niche products. Utilising different kinds of data during the design and manufacturing stages, R&D engineers can modify their products based on real-time feedback or information. Digital PLM allows chemical companies to use data, collaborate, incorporate feedback quickly and build products with faster time-to-market.
Although, digital transformation is still a new entrant in chemicals, there are immense possibilities to explore in this sector. In the coming times, companies can exploit the capabilities of digital transformation to boost efficiency and productivity and develop innovative processes.