Digitalisation Of Refining Operations In View Of Industry 4.0 Standards
Digitalisation seems to be the key to oil companies to grow margins & according to Accenture, the digital commercial optimization needs to happen at scale and speed to create competitive advantage. However, reskilling and redeploying the refining workforce is crucial for future competitiveness. The Intelligent Refinery, where human and technologies like artificial intelligence (AI) combine for the best results. This applied intelligence can fuel growth and value, but the industry is still trying to determine how to get there.
Smart refineries are the result of informed, near-real-time decision-making that is based on historical and present process and business data, providing the ability to predict near-future productivity. When built into operations, such intelligence results in operational intelligence (OI)—the ability to analyse information to predict future performance.
ACI’s Digital Refining Summit will bring together senior executives and experts from refineries, petrochemical companies, technology companies, market analysts, amongst the others, to discuss the latest innovations, challenges and developments within the Industry 4.0 Standards.
The two days event will give you an insight into the newest digital developments and innovations within the refining industry, transfer and storage of data, IT and OT, asset management, proof of concept, and many more. For more information on the 2020 Summit, go to: https://www.wplgroup.com/aci/event/digital-refining-summit/