Regardless of location , all industries will have to shorten innovation cycles . The picture will be different once organizations are more fully digitalized and can for example , run thousands of different ideas through digital twin design technologies , modelling far faster than the months it takes to build a pilot plant .
Subsurface modelling is a good example of how highly advanced technology can transform the viability of sequestering carbon in former oil and gas fields . Digitalization will transform how manufacturing adapts and incorporates radical new carbon reduction techniques – from conceptualization to design , implementation and monitoring .
None of these steps can by itself take care of carbon-reduction , but it is certain digitalization will be essential as manufacturers strive to maintain profit levels as they chart their individual paths towards UN targets for carbon reduction . ■
Ron Beck www . aspentech . com
Ron Beck is Senior Director , Solutions Marketing at Aspen Technology ( AspenTech ) a global leader in asset optimization software . Its solutions address complex , industrial environments where it is critical to optimize the asset design , operation and maintenance lifecycle . AspenTech uniquely combines decades of process modelling expertise with artificial intelligence . Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle . As a result , companies in capital-intensive industries can maximize uptime and push the limits of performance , running their assets safer , greener , longer and faster . manufacturing-today . com 27