From March 27-29th, Danette Maurino (Enterprise Account Manager), Velu Palaniswamy (Sr. Software Systems Engineer) and I attended nGage’s IoT6 Exchange in Florida. The IoT6 Exchange brings together a select group of enterprise end users, solution providers and thought leaders to explore, learn and exchange best-in-class ideas around the latest technology and solutions to solve real business issues with smart infrastructures and IoT.
Chaired by Stephanie Atkinson, CEO & Principal Analyst at Compass Intelligence, the Exchange featured an in-depth agenda with keynote sessions, end user panels, breakout sessions, and case studies. These topics canvassed technology and innovation elements across industries, highlighting their transition from simple, static physical structures and assets, to intelligent devices, learning mechanisms, and digital systems.
With CBT’s extensive work in Industrial IoT, or IIoT, I was fortunate enough to serve as a guest speaker at the Exchange, giving two boardroom presentations and participating in many fascinating one-on-one meetings. A hot topic of conversation was our Asset Intelligence Practice and our ongoing work at Texmark Chemicals’ Refinery of the Future (RotF).
Texmark Chemicals, Inc., is a Texas Petrochemical processing and manufacturing company that provides custom contract manufacturing (tolling) of specialty and high-volume chemicals to the Oil and Gas Industry. Texmark is a crucial link in the petroleum product supply chain, and because it works with regulated hazardous materials, safety is a top priority. So, it turned to a consortium of industry-leading partners (including CBT, HPE and Aruba) to build an innovative Refinery of the Future, featuring advanced IIoT capabilities. The goal: better process analytics, increased up-time, uninterrupted productivity, satisfied customers, and safer workers.
Given the tight-margin nature of Texmark’s downstream business, it is essential that they capitalize on any available operational advantages. The initial efficiencies gained through modernization in the RotF are exciting and the monetary value of these improvements can be very significant. For example, Texmark can use data from IIoT sensors to identify which systems require hands-on evaluations, so it can conduct physical inspections in a more focused and efficient manner. To work on distillation columns, Texmark must often take systems off-line and erect costly scaffolding. Improved maintenance planning will reduce these associated costs by at least 50%. Reductions in insurance premiums are also a huge factor, due to the identification of lost or undocumented assets (allowing for up-to-date plant configurations) and worker-safety improvements (available with 3-D Modeling and Location-based Services). Combine these factors and Texmark expects to see a bottom-line impact of substantial proportions.
Texmark’s early returns from the RotF are proving the incredible possibilities when enterprises successfully harness IoT. With the exponentially increasing data volumes associated with almost all modern business, the opportunity to capitalize on this new paradigm is available to all industries – as shown by the diverse group of companies in attendance at the IoT6 Exchange. ‘Successfully harness’ is the key phrase here though, because certainly IIoT comes with a host of complex challenges that most enterprises are not ready to handle alone. CB Technologies is proud to be on the leading edge of these technologies, and with partners like HPE and Aruba we know that we can help many more businesses realize their IIoT potential.
For more information on CB Technologies’ work in IIoT, or to schedule a one-on-one presentation, please contact me at email@example.com.