Embracing the Fourth Industrial Revolution in the Petrochemical Industry

Embracing the Fourth Industrial Revolution in the Petrochemical Industry

Xiaohua Bai, Mohammad Nabil Almunawar
Copyright: © 2024 |Pages: 12
DOI: 10.4018/978-1-6684-7840-0.ch011
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Abstract

The petrochemical sector is undergoing significant transformations in the era of the Fourth Industrial Revolution (IR 4.0). This chapter delves into the opportunities and challenges posed by IR 4.0 for the petrochemical sector, exploring how advancements in IoT, AI, and big data analytics among others are optimizing its operations, improving its productivity, and reducing its costs. By analyzing industry use cases and literature review, this chapter aims to provide insights into recommendations for the petrochemical sector to navigate the digital transformation effectively.
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2. Understanding Ir 4.0 In Petrochemical Sector

2.1 Definition and Characteristics of IR 4.0

IR 4.0 is the next phase in the digitization of the manufacturing sector, driven by disruptive trends such as the rise of data and connectivity, analytics and intelligence, human-machine interaction, and improvements in robotics. It builds upon the digital revolution (IR 3), which was marked by the wide application of computers, the Internet, and other electronic technologies (Boer, 2022).

In the petrochemical sector, IR 4.0 is characterized by the adoption of the Internet of Things (IoT), Big Data Analytics, High-Performance Computing (HPC), Artificial Intelligence (AI), digital twins, and cloud computing solutions to optimize processes, enhance productivity, and facilitate rapid decision-making.

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