Chemical manufacturers are challenged with low visibility into asset or operations performance on both the plant and enterprise level. Data is often siloed in multiple systems with a low level of integration.
A significant percentage of critical assets in the chemical industry are over 25 years old. Many companies are still using reactive maintenance practices and are unable to detect deviations from unexpected plant operating conditions on time.
More than 70% of experienced workforce and leadership will retire in the next 15 years. By capturing domain expertise with industrial applications, chemical manufacturers can more easily share best practices and reduce the knowledge gap for a new workforce.
With growing complexity in regulations—governmental and environmental—chemical manufacturers must invest more in health, safety, and compliance technology to manage operational risk.
Current market conditions—which can be volatile—and shifting feedstock prices, chemical manufacturers are often challenged with decentralized production, putting added pressure on operating costs and production flexibility.
Preventative maintenance, data analytics, and predictive maintenance strategies can help chemical manufacturers improve performance and reduce costs. But data is often siloed in multiple systems with a low level of integration.
Explore GE Digital's software solutions for the Chemical industry and see how you can digitally transform your chemical operations.
Learn how the chemical industry can improve operational performance through better execution.
Learn how you can shift from reactive to prescriptive maintenance practices with Predix Asset Performance Management.
Optimizing the performance of assets to increase reliability and availability, minimize costs, and reduce operational risks.
Consolidate and transform manufacturing data across plants for cloud storage, analysis, and analytics.
Industrial analytics software that optimizes asset and process performance.
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