Chemical Producer Slashes Downtime, Saves €4.7M with Digital Transformation
A European chemical producer has achieved a significant reduction in unplanned downtime, saving millions in the process. The company combined predictive tools with structured reliability programs, demonstrating the power of digital transformation in the industry.
The unnamed producer managed to decrease unplanned downtime by a notable 22%. This resulted in substantial savings: €4.7 million in capacity and a 15% reduction in maintenance costs. The success story underscores the importance of addressing specific business problems with digital tools, rather than being distracted by unnecessary technologies.
Experts stress the need for speed, learning, and pragmatism in digital transformations. They advise focusing on what works, blending digital tools with existing operational knowledge, and prioritizing present-proofing performance over future-proofing through technology. Selectivity is also key to avoid fragmentation and fatigue in deploying digital programs.
While no specific companies or exact amounts are mentioned, the achievement serves as a testament to the potential of digital transformation in the chemical industry. By combining digital innovation with traditional performance improvement, companies can enhance efficiency and effectiveness, and ultimately, generate value.
