Artificial intelligence (AI) and machine learning (ML) have been featuring prominently in the process manufacturing industry recently. Make yourself comfortable and flip through these don’t-miss news items and trend-charting thought pieces.

  1. World Economic Forum: What new strategic imperatives in the oil and gas sector mean for the energy transition

The World Economic Forum (WEF) explores the impact that net-zero emissions targets and decarbonization, together with changing market demands, will have on the oil and gas sector. New business models are likely to emerge; digitization will not just continue, but speed up to unify data, remove silos, and overcome roadblocks created by industry culture; and companies will double down on upskilling and talent acquisition and retention, to ensure that they have the workforce they need to meet new strategic imperatives. 

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Source: Accenture

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  1. Food navigator: ‘There isn’t time for inaction’: How F&B can decarbonize manufacturing in Europe

A new report from the energy and environmental consultancy Ricardo notes that the food and beverage (F&B) industry has really challenging decarbonization goals to meet, leaving high-polluting plants with no time to waste. The report covers both barriers to success, such as the cost and availability of alternative energy sources, and opportunities, like EU investment in decarbonization initiatives. 

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  1. Financial Times: Quest for ‘green’ cement draws big name investors to $300bn industry

Cement has long been one of the most highly-polluting industry verticals, and most of the low-hanging fruit to reduce emissions has already been picked. The Financial Times reports on the mix of startups, cement industry experts, and ESG-oriented venture capitalists who are researching innovative new ways to cut emissions further and develop “green cement.” 

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  1. ABC News: Video shows fire in Gulf of Mexico after gas pipeline rupture
Video shows fire in Gulf of Mexico after gas pipeline rupture

It’s unlikely you’ve missed the astounding images of the oil fire burning in the middle of the Gulf of Mexico after a rupture in an oil pipeline belonging to Petroleos Mexicanos. It took around 5 hours for the leak to be brought under control. ABC news mentions the strong reactions provoked by the incident, which stirred many consumers to feel that oil and gas is a dirty, polluting, industry. Images like these drive consumer demand for decarbonization in industry. 

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  1. Geek culture: How AI Is Transforming Oil & Gas

An article in Medium’s Geek Culture discusses 4 leading ways that tech is transforming the oil and gas industry:

  • AI-enabled drilling platforms combine IoT with AI to make drilling even more efficient;
  • IoT solutions enable oil giants to monitor and optimize their assets;
  • IoT sensors and predictive analytics refine servicing schedules for major assets;
  • Machine learning and IoT leak detection predict major pipeline failures.

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  1. Fast Mode: The Future of Edge-Driven Manufacturing

The Fast Mode examines the impact that edge computing and 5G applications can have on manufacturing. The article discusses cutting edge innovations that combine IoT, AI, and the fast, low-latency capabilities of 5G edge computing. New digital tools like predictive maintenance, asset monitoring, and AR-wearables could transform manufacturing. 

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  1. Research and Markets report: AI in the Food & Beverages Market: Global Forecast and COVID-19 Impact

Research and Markets have released their report into key trends and market predictions relating to the impact of AI in the food and beverages (F&B) industry, forecasting that the value of AI in the food industry will rise at a CAGR of over 45.77% between 2021 and 2026. 

Changes mentioned in the report include:

  • Improved supply chain management
  • Automating food storage for feedstock
  • Increasing consumer engagement
  • North America will hold a major share

Read more.
We hope you enjoyed that! Contact us to learn more about predictive analytics for your process plant.