How the chemical industry can improve operational performance through better execution
Chemical companies are beginning to recognize the value of data created within their plants, but for many the use of that data does not extend past manufacturing operations; that is, the data is not visible to roles outside the four walls and can’t be combined with corporate or financial data for value-added analysis and superior execution. However, some companies are beginning to provide this visibility and integrate that data into wide-ranging business and operational analytics, with the expectation that combining manufacturing, supply chain, and financial data, and even data external to the company, can drive higher profitability by uncovering “hidden” opportunities and previously unrecognized synergies for improvement.
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