Today, a new generation of technologies is creating opportunities within the process industries that were previously impossible.
of industrial technology
Industry 4.0 Technologies
a New Paradigm
New Strategies for Capital-Intensive Companies
Across the globe, leading organizations are embracing and implementing advanced digital technologies as a way to respond to the challenges and opportunities that come with a changing world.
Incorporating artificial intelligence (AI) capabilities into existing operating technology (OT) and information technology (IT) is the key. This convergence empowers systems to transcend functional silos and operate semi-autonomously (and eventually autonomously) to drive maximum profit — while ensuring safety, minimizing environmental impact and driving greater reliability and efficiency.
Access the Key Technology Now
Self-optimizing systems and semi-autonomous operations are no longer utopian promises — the enabling technology is real, and it is available.
Implementing advanced technologies thoughtfully to address specific business needs allows companies to optimize each critical asset and the network throughout the full lifecycle. Today’s solutions set the stage for cognitive guidance to empower staff across critical operations, enabling faster and more accurate decisions.
According to McKinsey Global Institute research
of companies have adopted at least
one AI capability
up significantly from 20% in 2017.
Applications Across Industries
Applying latest modeling tools to production
processes to quicken decision making;
increases capacity by 5-10%
Metals & Mining
Engineering, Procurement and Construction
Evaluating thousands of design options quickly;
improves front-end engineering design (FEED) efficiency by 9%
Digitalization as a driver of operational excellence will facilitate the successful transition to new business models that are critical in an evolving market. Digital technologies will be especially critical as companies strive for market leadership while maintaining their “social license to operate.”
Improving risk mitigation and scenario analysis;
20 – 80 times faster with cloud computing
Avoiding unplanned downtime and production losses;
saves companies up to $2.1M USD in one year
The Next Steps
Read the full executive brief to see how industry leaders will create not just the digital enterprise — but the truly smart enterprise of the future — and achieve operational excellence that is sustainable regardless of market conditions.
Download the Executive Brief Now!