Digital Acceleration in the Chemicals Industry

This document is a guide that discusses the digital acceleration in the chemicals industry, focusing on the challenges and opportunities faced by leading corporations. It outlines how digital transformation is being utilized to improve asset utilization and manufacturing efficiency. The text highlights findings from various studies, indicating that while only a small percentage of companies are advanced in digital solutions, there is a significant expectation for investment in digital initiatives. Key value drivers for digital transformation are identified, including big data analytics and organizational agility. The guide explains the importance of digital maturity and collaboration across organizational silos to enhance performance and shareholder returns. Additionally, it describes the two lifecycles of chemical plants—Asset Lifecycle and Operations Lifecycle—and emphasizes the role of AVEVA's technology in achieving digital project execution excellence. The document concludes with rules for successful digital transformation, stressing the need for strategic planning and executive support.