Solvay enhances digital transformation at its largest plants with Data Analytics platform
Tervuren/Bruxelles, March 19, 2018 --- Solvay and SAS have signed an agreement to use a data analytics platform to enhance Solvay’s digital transformation as a contributor to improve production performance.
This collaboration will be first applied at Solvay’s largest production sites. Advanced Data Analytics is about collecting real-time and historic data, to better understand the relationship between production parameters and enhance asset performance. That should increase daily productivity or reduce raw material consumption.
Solvay is starting the process of deploying advanced data analytics solutions to unlock value in new and smart ways, in particular through capacity increase, process optimization, energy consumption reduction, and yield increase.
“Solvay’s collaboration with SAS helps us to deploy advanced data analytics solutions in a coherent and efficient way adding value for the business. Leveraging a single platform accelerates development and systematic deployment across our industrial network with quicker business impact,” said Alain Faessler, Solvay Group General Manager for Industrial.
“Our collaboration started off with a very pragmatic approach combining engineering knowledge and data science expertise, creating immediate benefit for Solvay. This demonstrates the strength of the SAS platform. Exploration, but even more important, development/design of models allowing engineers and operators to change the way they work. Our teams look forward to supporting Solvay in this process”, says Jeroen Van Godtsenhoven, Managing Director SAS Belgium & Luxembourg.
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 26,800 employees in 61 countries. Net sales were €10.1 billion in 2017, with 90% from activities where Solvay ranks among the world’s top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program. Financial figures take into account the announced divestment of Polyamides.
SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 83,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.