We hear the term Digital Twin quite frequently nowadays. The term, rather the concept, was coined long back and has since evolved while staying true to its core ideology. In general terms, a Digital Twin is a cyber replica of an entity such as a machine, material, process, or person (role).
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Today, we wanted to share a case study about a customer for whom we were able to deliver immense value. The customer is one of the largest global Petrochemical companies with numerous operations across geographies. This case study is about their largest Petrochemical Complex, with a focus on the Naphtha Cracking Operations.
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We hear the term Digital Twin quite frequently nowadays. The term, rather the concept, was coined long back and has since evolved while staying true to its core ideology. In general terms, a Digital Twin is a cyber replica of an entity such as a machine, material, process, or person (role).
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Planning and managing inventory flow is one of the most critical functions for a manufacturer. Too much of something not just blocks working capital but leads to all sorts of other problems. On the other hand, deficiency of even the smallest of parts/ inputs can have a significant impact on the production outflow. Inadequate visibility into demand or poor planning leads to oversupply of some products while stock-outs of others. The effect of stock-outs is often overlooked and can have a significant direct impact on the bottom-line.
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We often hear about Smart Factories, Smart Manufacturing, Plant Automation, etc. Most of the Industrial Digitalization/Digital Transformation and Industry 4.0 applications focus on digitalizing the manufacturing processes, improving production, and shop-floor visibility. However, very few companies talk about making their supply-chain smart or adopting digitalization towards individual aspects of the supply chain.
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Disconnected Operations is a well-known and critical issue in the Manufacturing Industry. Over the last decade, the industry has spent to the tune of USD 200+ Billion each year on IT and OT assets. These would include Enterprise systems such as ERP and CRM at the top layer, all the way to automation systems on the shop floor generating 100,000+ time-series data streams from the sensors and actuators....
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We are at the tipping point of industrial digitalization. The Industry will undergo major changes driven and initiated by technological advances, especially massive advancement in computational and connectivity related technologies. The upcoming changes in the industry are evident from the changes our personal lives have gone through over the last few years.
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Maritime Industry is the backbone of most heavy industries when it comes to their supply chain. There are numerous stakeholders in the maritime industry such as ship builders, fleet owners, charterers, ship management companies (SMCs), freight forwarders, shipping liners, port operators, bunker suppliers, insurance providers, classification societies, regulatory bodies, etc.
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The Oil & Gas industry is an extremely mature one with a rather complex value chain and a myriad of players playing various roles at every juncture. Every project, operation and activity require significant involvement from numerous players or entities to derive as much value as possible from every drop of oil that is available.The industry itself has implemented a lot of processes and best practices to ensure operational efficiency and continuity...
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For a long time now, a lot of an organization’s records and information have been digitally maintained in various data systems such as the all too well-known IT & OT systems. Numerous heavy industries such as the Oil & Gas, Petrochemical, etc. have been dealing with large amounts of complex data for a long time. However, when it comes to digital maturity, they are not too high on the index...
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This is one question that I have been faced with repeatedly while making sales pitches. What is analytics anyway? While everyone has their perspective of what analytics actually is, this is how I see things – Problem statements fall into two fundamental categories...
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