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Level of investment in technologies for production processes over the next three years.  (Yokogawa)
Market Trends

Two-Thirds of Process Industry Companies Anticipating Full Autonomous Operations by 2030: Yokogawa

A global survey conducted by Yokogawa has revealed that process industry companies are accelerating investment in industrial autonomy in the background of the current Covid-19 pandemic. Cyber security (51 %), cloud, analytics, and big data (47 %), and artificial intelligence (42 %) are three vital areas in which companies are planning significant investment over the next three years.

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The specific range of functions that a digital twin offers depends heavily on the intended purpose. In the process industry this can be very diverse. In-depth process knowledge and comprehensive know-how create the prerequisites for model-based plant operation. (© Patrick Foto / Siemens)

Process Modeling and Digital Twin: Significant Benefits — a Whole Life Long

The digital twin of a plant is a virtual image, which not only allows internal process states to be displayed transparently, but also allows process optimizations to be worked out. Take the example of steam crackers — the king’s class of process plants — and learn how models, simulations and digital twins can be used to generate benefits over the entire life cycle of plants.

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