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REALISING THE VISION OF THE SELF-OPTIMISING PLANT – HOW HYBRID MODELS CAN HELP TO ACHIEVE IT
Industrial AI solutions are shaping a new autonomous era of self-optimising plants in the refining industry , according to Antonio Pietri , President and CEO , Aspen Technology . We hear how software technology such as Artificial Intelligence can offer new opportunities for businesses .
Today ’ s refining market is
characterised by extreme volatility , fuelled by dramatic fluctuations in oil and fuel demand and pricing . It is putting pressure on refinery executives and managers who are having to continuously evaluate new scenarios for economics , environmental impact , logistics and safety . The ability they demonstrate to analyse and react quickly and efficiently to these situations and develop enhanced operational resilience and reliability will be crucial in sustaining both their businesses and their competitive edge .
The long-term vision for the industry is the self-optimising , autonomous plant – and the increasing deployment of Artificial Intelligence ( AI ) across the sector is bringing the reality of this ever closer . However , while refining has been an early adopter of many digital tools , the industry
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THE ADVANCEMENT ACHIEVED THROUGH HYBRID MODELLING CAPABILITIES HAS OPENED UP A COMPLETELY NEW OPPORTUNITY . www . intelligentcio . com INTELLIGENTCIO
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