In industries ranging from biopharmaceuticals to chemicals, executives in today’s manufacturing marketplace face ever-increasing pressures to grow profit margins, reduce time to market and optimize processes across all aspects of their business. Everything from constraints in the supply of raw materials to multiple steps in a manufacturing process can affect productivity—making process optimization an amorphous target.
Speed and changing market conditions are significant challenges for businesses across many industries and markets. The need for improved efficiency, the ability to adapt to changing market conditions and digitalization are often key drivers of change. By focusing on data, a company can make significant improvements in processes or systems, and gain insights into the driving forces behind business operations. Data analytics is the key to business optimization.
Product development and innovation are important elements for the survival of many companies. Whether introducing a new food flavor or adding new product features, understanding consumer preferences can help guide both design and production decisions. The right decisions can make a product launch more successful, and ultimately more profitable.
Worldwide demand for energy escalates every year, and the consumption of fossil fuels continues to increase despite the growing supply of alternative energy options. Globally, about 81 percent of energy comes from a finite supply of fossil fuels like oil, coal and natural gas. Fossil fuels are used to heat homes, run vehicles, power industry and manufacturing, and provide electricity.