Summary
NOVA Chemicals has unlocked significant value through its partnership with Cognite, driving its Digital Transformation initiatives to new heights across multiple sites. By leveraging Cognite’s advanced DataOps and AI platform, NOVA Chemicals has overcome long-standing challenges in accessing and trusting critical data, enabling seamless connectivity and automation. This collaboration has streamlined manufacturing and operational workflows and delivered measurable results, including a value potential exceeding $300 million.
NOVA Chemicals and Cognite are setting a new standard for efficiency and innovation in the chemical industry.
Challenge: Need for A Solid Data Foundation
NOVA Chemicals faced significant challenges in managing and utilizing its manufacturing data, which hindered operational efficiency and scalability.
- Accessing manufacturing data was a complex and time-consuming process that required specialized expertise.
- Siloed systems and untrusted data sources created barriers, negatively affecting maintenance, reliability, and inspections.
- Manual contextualization of data limited the scalability of solutions and hindered enterprise-wide adoption of digital technologies.
These issues prevented NOVA Chemicals from fully leveraging its data to drive operational improvements and achieve its digital transformation goals.
Solution
Solution: Pioneering Digital Strategy with AI solutions
To overcome its challenges, NOVA Chemicals partnered with Cognite to build a robust digital foundation using Cognite Data Fusion®, enabling seamless integration and contextualization of data.
This transformation automated data connections across 11 sites, providing faster and more reliable access to critical information. As a result, data discovery time was reduced by up to 30%, significantly enhancing field operations and empowering more informed decision-making.
NOVA Chemicals also achieved notable efficiency gains in key operational areas, including isolation planning, routine maintenance, troubleshooting, and operations support. By leveraging advanced analytics and improved equipment insights, the company was able to prevent failures, reduce costs, and unlock over $300 million in value potential.
Through the deployment of large-scale digital use cases, NOVA Chemicals accelerated its digital transformation journey and achieved results faster than initially projected. The integration of manufacturing data connectivity powered AI applications and machine learning models, transforming critical processes such as reliability, maintenance, and turnarounds.
This approach not only delivered measurable efficiency gains but also nearly doubled Net Present Value (NPV) by compressing timelines by three years, positioning NOVA Chemicals as a leader in industrial digitalization.
Impact
Impact: Future-Ready for Generative AI
Through Cognite’s foundational knowledge graph, NOVA Chemicals is now well-prepared to deploy advanced AI use cases that align with domain-specific language. This positions the company to harness the power of generative AI, ensuring continued innovation and leadership in the chemical industry.
Impact at a Glance
- $300M+ Value Potential: Realized through efficiency gains, reduced downtime, and enhanced decision-making.
- 30% Faster Data Access: Empowering field workers and operations experts to make informed decisions.
- Scalability: Leveraging AI and machine learning for enterprise-wide impact.
- Industry Leadership: Setting a new benchmark for digital transformation in the chemical sector.
Through its partnership with Cognite, NOVA Chemicals has transformed its approach to data, enabling faster, smarter decisions that drive business value and operational excellence. Together, we are shaping the future of the chemical industry through innovation and technology.