One chart symbolizes the post war industrialization period starting 1950: Annual production of polymer resin and fibers. Polymer resin and fibers are used everywhere in everything—toys, electronics, airbags, medical equipment. Over the last 75 years, factories have become pervasive across towns and cites, around the world. These factories utilize polymer resin, fibers and other material to serve the growing needs of humanity. The 1950-2024 period is the most significant, most glorious period in human history.
The last 75 years pale in comparison with what is anticipated in the next 75 years. Demand for energy and goods for 8 billion people already exceeds capacity.
In the next 75 years, from 2025-2100, much will be sought: Higher yield from natural resources such as crude oil and metal ore. Greater emphasis on worker health. Efforts by countries to slow down the planet’s temperature rise. And, corporations seeking efficiencies to satisfy shareholders.
All this beckons us to operate our factories and plants, foundries and refineries in fundamentally better ways than the last 75 years.
Today’s factory is a recipient of iterative tools that have been introduced over decades. These tools generate numbers, alphabets, voice, video, charts and graphs. Factories have an abundance of these data streams strewn all over, not necessarily organized, suffer from latency and are de-coupled—left for people in operations to figure it out manually. Cognite’s software pulls all data from existing sources. It draws natural relationships to provide actionable insights. Cognite’s AI tool synthesizes information: provides options to the operator; answers questions; and offers guidance. One manufacturer has 500 billion records running on Cognite’s software. They derive insights to run their assets, do maintenance in the factory, optimize production, conduct root cause analysis. The system is paying for itself and they are on their path to generate $100 million in value. The company is benefiting from risk mitigation, reduced costs, and higher revenue.
Cognite’s customers span oil and gas, cement, metal, pharmaceutical, consumer goods, automotive, tire and rubber, pulp and paper, aerospace, semiconductor, renewable energy and utilities sectors. And yes, we serve customers who produce polymer resin and fiber as well.
Cognite solves the most important business problems in the industrial sector but as well opens new opportunities for productivity. We do this by ingesting all the data into one single platform where AI is applied. To accelerate value, we deploy the best and brightest minds on the ground. Cognite’s platform as well enables software developers and industrial OEMs to bring their solutions to market faster.
The Cognite Imperative has inspired over 100 customers to shape their operations. The Cognite Imperative belongs in an industrial company’s strategy. The Cognite Imperative belongs in a country’s industrial policy.
Cognite Imperative, the Industrial Imperative. For the next 75 years. Starting now.
All of this and more will be at the forefront of IMPACT 2024, the leading global Data and AI conference in Houston on October 14-15. Join us for meaningful and transformative discussions or remain informed by subscribing to our newsletter for important insights on shaping the next 75 years together.
