Strategic collaboration between the organizations extends the Engineering Digital Twin and harnesses AI-Infused Asset Performance Management to prevent unplanned downtime
AVEVA, the global leader in engineering and industrial software, and Chemicals Business, SCG, one of the largest petrochemical companies in Thailand and a key industry player in Asia, announced their strategic partnership to develop a Digital Reliability Platform (DRP), a complete asset performance management (APM) solution to predict equipment health, monitor performance, and enable advanced maintenance across its operations to eliminate unplanned downtime. The DRP was completed through a collaborative effort between AVEVA and Chemicals Business, SCG. This partnership matched the company’s broader digital transformation imperative to become a data-driven organization to advance its position as a leader in the petrochemical industry and to also take the DRP solutions to the market.
Asset reliability is critical for asset intensive businesses such as petrochemicals. Unplanned shutdowns cause significant negative impacts on petrochemical value chains. Digital transformation initiatives enable businesses to address this risk by harnessing data to build and deploy an advanced APM solution to monitor critical assets and predict failure towards a goal of zero unplanned shutdowns. The solution integrates online and offline equipment data to visualize plant performance, enhance workforce efficiency, and apply artificial intelligence (AI) for predictive maintenance and resolution.
“This is a great achievement for Chemicals Business, SCG since reliability is a critical element to our business. With the innovative approach of the Digital Reliability Platform, we will ensure that we can eliminate the business risks posed by unplanned downtime. In our quest for a partner, AVEVA was the only company to provide an end-to-end solution spanning engineering, operations, and maintenance. With the DRP, we have successfully brought together big data, AI, machine learning, and predictive analytics into a practical solution that will empower our workers and improve our performance,” said Mr. Mongkol Hengrojanasophon, Vice President - Olefins Business and Operations, Chemicals Business, SCG.
“Moreover, this partnership will include launching the Digital Reliability Platform Solutions to the market. This would be the first complete and unique digital solutions which combine both breakthrough technology and industrial specific information,” added Mr. Mongkol.
“Our strategic partnership with Chemicals Business, SCG is a major milestone for us in leveraging the strength of our portfolio to deliver value through digital transformation. We are proud to be part of this collaboration that improves operational efficiency and reliability to achieve zero unplanned downtime by maximizing asset availability with predictive and prescriptive maintenance. The standardized systems and processes defined through this collaboration will also result in improved workforce efficiency,” said Ravi Gopinath, Chief Cloud Officer and Chief Product Officer at AVEVA.
The Digital Reliability Platform will bring together digital innovations and practitioner knowledge to increase work efficiency and safety to establish a new competitive standard within the industry.