5 - Data management from the DCS to the historian and HMI

Abstract

In today's global and fast changing business environment, the urgency with multinational companies to find readily implementable digital solutions has increased significantly as the underlying science yielding operational and business improvements has matured over the past decade. Companies lacking innovative ways to extract incremental value from existing and new business ventures will be left behind. Manufacturing plants, in general, manage billion dollars’ worth of raw and finished products daily across the United States and globally. The quantities of data analyzed in a product lifecycle, capturing cost to produce, logistics, working capital, and other ancillary costs are massive and difficult to both consolidate and integrate. Many production companies still rely heavily on manual processes to evaluate opportunities and economics.