CHICAGO – Lubricant and grease production plants can improve efficiency and profitability by digitalizing their operations, an industry insider said at a conference here this month.
Digitalization is the process of converting data from analog to digital format to increase the speed and amounts of data that business can utilize. One category of application is to do so to help plant managers identify production inefficiencies and even automate certain processes.
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According to Pablo Garce, sales director of ABB‘s industrial automation business, digitalization has already found results in the chemicals industry: among 300 industry professionals his company surveyed in 2016, 79 percent agreed plant automation has a decisive influence on profitability. “Once a plant is automated, the management looks for opportunities to improve further, do more and do better,” he said Sept. 10 at the North American Industrial Lubricants Congress, co-organized by ICIS and the European Lubricating Grease Institute.