Capital intensive Industries as Oil & Gas and Chemicals were early adopters of digitalization in the process streams and administrative tasks. The current industry paradigm lets the assets’ condition and yields relegated to a more discrete follow-up.

Several studies indicate that 66% of refineries register more than 4 days of unscheduled stops [source: Aspentech | white paper]. The same studies also refer that an unplanned (or planned) day of downtime can put in jeopardy up to 4 million USD or more in revenue. Additionally, as much as 43% of unplanned downtime is caused by equipment failure [source: Emerson, Focus on reliability to improve availability, profitability, and safety.

european union 155207 960 720This project has received funding
from the European Union's Horizon 2020
research and innovation programme under
grant agreement nº 738956.

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