How IoT is driving Digital Transformation in the Chemicals Industry | Infor Chemicals
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Know how IoT can benefit the chemicals industry through ERP, asset and supply chain management, energy efficiency and product lifecycle management. To learn more download whitepaper at http://bit.ly/2nO70AC
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Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
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Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
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Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
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5th LF Energy Power Grid Model Meet-up Slides
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
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- 1. © Copyright 2017. Infor. All rights reserved. Data-driven outcomes How the Internet of Things (IoT) is driving digital transformation in the chemicals industry* In the current era of big data, the Internet of Things (IoT) is expected to revolutionize ways in which companies manage processes to optimize efficiency. Frost & Sullivan’s paper describes this phenomenon. IoT is built on the foundation of an always-connected world. It is a labyrinth of internal and external processes that connects endpoints, common devices and apps to improve efficiency, and employee productivity. Frost and Sullivan’s survey of about 2000 manufacturing companies found that: Deployed IoT internally 40% Extended IoT to customers 34% Reported impact on revenues 35% Embedded IoT into processes 22.5%
- 2. Real-time data for sensor alerts, enabling fast fixes Remote monitoring for Enterprise Resource Planning (ERP) Smart metering to analyze historical and real-time date for sensitive chemical environmental conditions Tracking and managing product expiration dates, recalls, service and support Predictive maintenance, facilities planning, inventory optimization and operational decision making © Copyright 2017. Infor. All rights reserved. Chemical companies can benefit from IoT in more ways than one through: Efficiency and revenues can be significantly improved with: Frost & Sullivan also recommends leveraging IoT’s strengths such as speed, accuracy, real-time monitoring, and ubiquitous sensing to increase productivity and mitigate risks proactively. Infor is in the process of adopting IoT to positively impact the bottom line for themselves as well as for their customers. Infor helps over 1,000 customers in more than 75 countries and has already improved their productivity. For more information on how you can adopt IoT in your chemicals industry Frost & Sullivan lays out the best practices for embracing IoT: start small, pay attention to privacy and work with an experienced security provider. Asset Management Product Lifecycle Management Energy Efficiency Supply Chain Management Enterprise Resource Planning *Frost & Sullivan Report DOWNLOAD THE WHITE PAPER