solulevervision
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1 year ago At Solulever, we deliver unique Edge platform, industry-specific solutions and services that simplify the digital manufacturing transformations. We are passionate about bringing the power of ‘Data at Speed’ to manufacturing and about bringing ‘Beauty’ to manufacturing systems. We deliver the promise of digital manufacturing through ‘Continuous Value Realization Programs’ leveraging our Edge platform and solutions.
SELL BUSINESS OUTCOMES INSTEAD OF JUST PRODUCTS In Future most chemical companies will move from B2B push models to business-to-business-to-consumer (B2B2C) models. Digital technology and concepts such as Industry 4.0 will be leveraged to deliver sustainable, co-developed applications, services, and business outcomes. Companies that have identified an experience gap will gain a competitive advantage by engaging more closely with their customers and ecosystem partners. This engagement will enable them to deliver outcome-driven services and address customer expectations. This experience, along with developing customer relationships based on trust and shared values and risks, will be the new paradigm. They will establish searchable intellectual-property databases to access relevant scientific information to create co-innovated products and solutions. Having established this foundation, they will extend into properties prediction and performance of new formulations to significantly shorten the development process and time to market while monitoring product and formulation compliance along the entire lifecycle. Furthermore, they will extend into their customers’ value chain, monitor process parameters, and allow in site quality control in real-time through sensors at customer operations. The implementation of Industry 4.0, where all sensors, devices, machines, and other equipment are connected in one single network, will provide an unprecedented amount of insight that eventually reveals new business opportunities, such as predictive maintenance, further improving the product experience. In terms of logistics, they will track and trace material flow and product integrity along the entire value chain. Finally, they will collaborate on open innovation platforms, turn data into value-based services, and establish transformative business outcome-driven and customer-centric revenue models to improve quality and reduce costs and risks for customers.
OUTCOME-BASED CO-INNOVATION IN CHEMICAL COMPANIES Traditionally, chemical companies have developed products in response to market needs driven by downstream industry sectors, such as consumer products, pharmaceuticals, engineering, and construction. In the future, chemical companies will strive for unprecedented levels of customer experience by anticipating market trends and needs, rapidly developing and manufacturing corresponding formulations and selling based on business outcomes, such as first-pass-quality semifinished parts or goods, instead of selling by quantity. Innovative technologies, such as machine learning, the IoT, artificial intelligence, and blockchain, enable these processes. A cumbersome, multistep development process and a traditional revenue model based on product quantity delay time to market and time to value.
Solutions offered in New World Scenario: Chemical Company simulates property and performance of new formulation using machine learning.
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