Video: Craig Hayman, CEO of AVEVA, on the key role of machine learning in downstream industry by 2025

Machine learning is going to dramatically change how the downstream facilities operate by 2025, says Craig Hayman, CEO of AVEVA, in the below video.

The digital downstream facilities in 2025 will look much the same as those do today. But how those operate will be in highly efficient manner, how those deliver will be optimal, and how those turn over RoI will be exponential. The level of risk will be minimal and the level of safety will be significantly higher than it is today.

The way that is going to happen is by data in the design – simulation of those facilities before those are constructed, or data in the sourcing materials on how they are constructed, or simulation on how those operate at start-up, how those operate at low efficiency, high efficiency, or how those absorb unplanned downtime, or how those use large amounts of data in machine learning to predict unplanned downtime. With modern digital tools, within few seconds, an operator will be able to understand deeply how a facility is operating.

Our customers want to design and operate not just an average facility, they want to operate the very best, the most efficient, the safest, and the cleanest facility that they can, which is going to operate between 20 and 50 years. And, to make this possible, machine learning is going to dramatically change how those facilities operate by 2025,” says Craig Hayman, CEO of AVEVA.

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