IN SYNC WITH THE DIGITAL PRESENT AND FUTURE

Although digital transformation and industry 4.0 have been well-known concepts for some time, the COVID-19 pandemic caused a sudden and significant acceleration of this trend. In just a few months, the pandemic forced companies to quickly adapt to remote work, increased demand for digital interactions, and identified weaknesses in the supply chain that needed to be addressed. This acceleration amounted to approximately seven years of progress in the digital transformation within a short period.

The application of Industry 4.0 tools is possible for industrial gas companies across their entire value chain. For instance, advanced analytics can be used to optimise plant efficiency and enhance bulk or packaged gas deliveries. By utilising digital and analytical tools, industrial gas companies can also improve their supply chains and make them more robust.

At NovaAir, we are acknowledging and finding our sync with the digital enhancement in our sector. We are doing our part to revolutionise traditional business models by offering innovative solutions to operational challenges. Here are some of the key areas in which we believe digitization can have an impact:

Operations Management

Digital technology enables industrial gas companies to optimise their operations by using real-time data and analytics to monitor and control production processes. This increases efficiency, safety and reduces downtime. Industrial gas companies can optimise complex pipeline networks with multiple plants and gas consumers using historical data to create a demand forecast model. The model can monitor production and consumption across the pipeline, calculate the probability of sudden changes in demand, and make optimised recommendations at minimal cost. Real-time set-point recommendations can be accessed by operators.

Customer Retention

Digitization enables industrial gas companies to connect with their customers in new ways such as mobile apps, online ordering systems and social media. This improves the customer experience and creates new opportunities for revenue growth.

Sustainability

Digitization helps industrial gas companies reduce their environmental footprint by optimising energy use, reducing emissions and promoting circular economy initiatives. Industrial gas companies must embrace digitization and invest in new technology and workforce development programs to stay competitive in the digital age. While digitization presents some challenges, the benefits of adopting digitization far outweigh the costs. As we look to the future, it is clear that digitalization will continue to be a key driver of innovation, growth and customer acquisition in the industrial gas industry.