How can process companies benefit from digitalization & be sustainable

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How can process companies benefit from digitalization & be sustainable

It is no secret that the process industry is undergoing massive changes, with a wide range of challenges that companies must overcome in order to remain competitive and meet the demands of a rapidly changing marketplace. As the CEO of Process Automation, Siemens AG, Axel Lorenz understands this better than most. In a recent interview, he shared his top priorities for the upcoming year, which include reconnecting with employees, maintaining delivery performance, and preparing for the transformation in the market.

One of the most important aspects of staying ahead of the curve in the process industry is digitalization. According to Lorenz, this means using artificial intelligence to bring decision-making capabilities to the shop floor, allowing companies to optimize their production facilities in real-time. By creating digital twins of both the product and the production process, companies can more easily avoid downtime, increase automation and reduce their dependence on the workforce.

Sustainability is another major challenge that companies must face in the process industry. To help companies meet these challenges, Siemens has created its Siemens accelerator program, which is focused on enabling companies to make more conscious production decisions, increase energy efficiency, and produce more sustainable products.

Ultimately, the future of the process industry will be shaped by companies’ ability to adapt to the challenges of the market and make the most of new technologies like artificial intelligence and digitalization. With a clear focus on sustainability and flexibility, companies like Siemens are well positioned to help their customers overcome these challenges and achieve their goals.