IoT Solutions for Chemical

Help chemical industrial more flexible, Light-weight and productive with intelligent IoT solutions from Dadax.

THE CHALLENGE

Concentrated Industry Structure, Heavy Assets and Economies of Scale

Looked at overall, chemical industry appears fragmented, but two decades of portfolio restructuring have created a highly concentrated industry structure in many segments. That has put those chemical companies in a strong bargaining position relative to customers and suppliers. And the chemical industry has increased its productivity most over time.

But this golden era may be coming to an end. The slowdown in financial performance reflects important changes in the chemical industry’s fundamentals. The industry is finding it increasingly difficult to hold onto the benefits of its productivity-improvement efforts. Paradoxically, this is happening just when advanced analytics and digital approaches are creating a new wave of opportunities to accelerate productivity gains. Why is the industry having these difficulties? There are signs that one of the cornerstones of the industry’s performance—its concentrated industry structure—may be weakening.


Drive the Chemical Industry Decentralized for Flexible Processing, Light-weight & Productive with Dadax IoT Solutions

The dadaxNet IoT platform provides robust connectivity and processing that fuels massive data analysis and application, which can be turned into actionable intelligence to enhance efficiency, productivity and safety while reducing costs and overcapacity.

Real-time Asset Tracking, Remote Diagnostics & Predictive Maintenance

Enable real-time remote diagnostics, troubleshooting and asset tracking across the entire process. Plan corrective maintenance and procurement of spare parts to prevent asset downtime and stay ahead of expensive production losses.

Predictive Quality & Outcome Trend

Leverage the power of statistical analysis and machine learning algorithms on parameters that govern product quality. Predict future outcomes and trends.

Energy and Utilities Monitoring

Monitor and analyze energy and any other utilities consumed by your critical processes. Establish future standards for these process using actual consumption data.

Worker Safety Wearables & Health Monitoring

Track workers’ health and environment in real-time such as temperature, humidity, radiation, noise and gas levels. Notify managers of fatigue, exhaustion, and “out-of-tolerance” incidents and ensure managers receive timely warnings of potential hazards.

Indoor Airflow & Ventilation-on-Demand (VoD)

Continuously monitor air quality and air flows in different areas and adjust fan speed as necessary. Ensure ventilation is only activated in active work zones to reducing operational costs and environmental footprint. 


REIMAGINE CHEMICALS: THE CHEMICAL WORLD IN 2025

In the future, most of today’s chemical industry players will be general-purpose production industrial foundation businesses, serving slavish multiple ecosystems. They will be trapped, just like the telco infrastructure providers that provide the basic infrastructure for today’s hyper-connected world, while other tech giants reap the biggest profits.

Based on the general-purpose production foundation, a plenitude of ecosystem businesses operate within dedicated ecosystems. Both are intertwined by a third business category of platform businesses, which are potentially decentralized, automating most of the work.

The consequence for today’s chemical companies will be that their heavy assets and their diverse conglomerates focused on economies of scale and synergies will not provide them with competitive advantages — or if they do, these will not be strategically important, as the rules of the game have changed.

Therefore, instead of investing in more heavy assets or buying more companies, reimagine slicing your conglomerate into effective operating pieces (connected both vertically and horizontally) and which roles will apply to which pieces in the future. Be open and start cooperating rather than forcing competition. The future will be information- or knowledge-driven; in this world, sharing will be key.

Road Map

Note: Outlined below is external research that was used as supporting material for upper data and statement.


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