Top Digital Transformation Trends in the Process Industry for 2025
Published on : Wednesday 04-09-2024
As companies look to transform their operations, spending on digital technologies is surging exponentially.
Digital transformation in the process industry is a necessity. According to Forrester Consulting, over 90% of manufacturing leaders believe that digital transformation is crucial for their success.
Statista predicts that global digital transformation spending is expected to reach US$3.9 trillion by 2027. This market growth opens new avenues for companies to gain a competitive edge.
● AI-Driven Predictive Maintenance
Advanced AI algorithms help companies assess equipment data to predict potential failures. This may result in up to a 20% increase in equipment lifespan and a 30% reduction in maintenance costs.
● IIoT Expansion
There will be an increased deployment of industrial IoT across the industry to gain improved operational efficiency, minimised downtime, and optimised resource management. As IIoT sensors alert about equipment malfunctions in a factory, this can improve operational efficiency by up to 25%.
● Sustainability through AI and IoT
By leveraging AI and IoT systems, companies within the process industry can monitor energy usage and emissions, optimising for sustainability. This can benefit them with up to 25% decrease in energy consumption and a 15% reduction in carbon footprint.
● Augmented Reality for Training and Maintenance
The use of AR applications in the industry can provide immersive training experiences while helping companies in equipment maintenance and troubleshooting. This can minimise training time and enhance maintenance efficiency anywhere by up to 30%.
● Advanced Robotics and Automation
The integration of autonomous robots is crucial for repetitive tasks and automated quality checks. With this, companies can witness improved productivity and minimise human error rates.
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