Industry 4.0 – Industrial Internet of Things (IIoT)
Industrial revolutions are defined as change processes in modern history which impact on different pillars of modern society, namely technological, socio-economic and on cultural aspects of modern life. Many consider that we are in the midst of the fourth industrial revolution (IR4.0). This time, the key technologies that impact and change the industrial landscape circle around the topic of digitalization, together with high-speed communication and exchange, and analysis of large amounts of data and information.
The hydrocarbon processing and catalyst industries are at an early stage of digitalization, but some progress has begun to take place. For example. large industries are adopting automation and centralized process control at an ever-increasing pace. This includes adopting “digital twin” systems, data collection and processing to manage plant/process performance to reduce downtime and optimize efficiency. Field cases are now building where successful integration and implementation have shown real improved results. In the catalyst industry, the are increasing examples of digital services that change the way catalysts are developed and test in the lab and manufactured at large scale.
In further posts, we will elaborate on this and other topics; for more information, see our reports below: