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Moving Towards A Connected World

Leveraging the Business Value of IoT

TCG DIGITAL > Internet of Things

Internet of Things (IoT)

Overview

Overview

Internet of Things (IoT) is emerging as a leading source of data, which, if managed effectively can prove to be the cornerstone of success. Most forward-thinking organizations are fast embracing IoT to extract valuable insights, improve business processes, minimize risks, and enhance customer experiences. However, while the market opportunity continues to grow, it is not uncommon to get lost in the plethora of products available today. Hence, before you implement an IoT solution, it is critical to determine the purpose and role it will play.

 

We, at TCG Digital start with a transformative roadmap, where we help clients define business requirements and identify use cases where they can implement our scalable and secure IoT solution. We then create a proof-of-concept (POC) for a pilot project and conduct platform analysis to enable end-to-end integration. 

 

Our deep expertise in IoT helps you minimize risks and gain true business value. We combine our in-depth knowledge and experience with a winning team of experts who are premiere consultants and domain specialists, well-known for their capabilities to provide scalable and best-fit solutions. Let’s consider some examples of how a few major industries can benefit by collaborating with us:

Life Sciences

Our state-of-the-art IoT solution unlocks new possibilities in lifesciences sector by enabling seamless sharing and synchronization of data. During clinical trials it collects data from wearables in real-time eliminating manual processes and improving data quality, thereby reducing rework and cost overheads. This expedites the trial completion process without compromising the transparency and quality of the study and reduces the time to bring recent research treatments to the market. Secondly, the sensor-based solution helps in continuous monitoring to understand a drug’s effect on the human body, and the prolonged effect of medication with progress in the disease.

Life Sciences

Our state-of-the-art IoT solution unlocks new possibilities in life sciences sector by enabling seamless sharing and synchronization of data. During clinical trials it collects data from wearables in real-time eliminating manual processes and improving data quality, thereby reducing rework and cost overheads. This expedites the trial completion process without compromising the transparency and quality of the study and reduces the time to bring recent research treatments to the market. Secondly, the sensor-based solution helps in continuous monitoring to understand a drug’s effect on the human body, and the prolonged effect of medication with progress in the disease.sector

Life Sciences

Our state-of-the-art IoT solution unlocks new possibilities in life sciences sector by enabling seamless sharing and synchronization of data. During clinical trials it collects data from wearables in real-time eliminating manual processes and improving data quality, thereby reducing rework and cost overheads. This expedites the trial completion process without compromising the transparency and quality of the study and reduces the time to bring recent research treatments to the market. Secondly, the sensor-based solution helps in continuous monitoring to understand a drug’s effect on the human body, and the prolonged effect of medication with progress in the disease.

Oil and Gas

The oil and gas industry is fast evolving when it comes to realizing the full potential of IoT. The adoption of IoT helps companies collect information in real-time,  driving informed decision-making and facilitating research, extraction, refining, and logistics. It enables real-time monitoring of fleet, equipment, and environmental conditions, providing better control and transparency over processes and lowering the exploration and production costs. Our solution also helps detect risky on-site operations which ensures workplace safety and enables predictive maintenance for prolonged equipment lifetime.

Oil and Gas

The oil and gas industry is fast evolving when it comes to realizing the full potential of IoT. The adoption of IoT helps companies collect information in real-time,  driving informed decision-making and facilitating research, extraction, refining, and logistics. It enables real-time monitoring of fleet, equipment, and environmental conditions, providing better control and transparency over processes and lowering the exploration and production costs. Our solution also helps detect risky on-site operations which ensures workplace safety and enables predictive maintenance for prolonged equipment lifetime.

prices of products and inputs are entered into the optimizer model, and operating ranges are set as constraints.

Government initiatives

Whether it is for smart cities, agriculture, grids, or transportation you can rely on our secure and scalable IoT solution. It is designed for government-led initiatives to make cities greener, safer, and more efficient. By connecting devices, vehicles, and infrastructure it ensures lowered emissions, smart energy and water management, seamless traffic networks, and intelligent public safety. Whether it is lamp posts with GPS controls, dashboards which provide data on parking availability, patrol cars which use telematics or smart waste management, local governments can focus on deploying the solution to solve challenges related to urbanization. Specifically in agriculture, it promises data-driven processes and increased automation leading to efficiency and better yield.

Whether it is for smart cities, agriculture, grids, or transportation you can rely on our secure and scalable IoT solution. It is designed for government-led initiatives to make cities greener, safer, and more efficient. By connecting devices, vehicles, and infrastructure it ensures lowered emissions, smart energy and water management, seamless traffic networks, and intelligent public safety. Whether it is lamp posts with GPS controls, dashboards which provide data on parking availability, patrol cars which use telematics or smart waste management, local governments can focus on deploying the solution to solve challenges related to urbanization. Specifically in agriculture, it promises data-driven processes and increased automation leading to efficiency and better yield.

Insurance

With the emergence of smart home devices, wearables, and driverless cars, IoT is radically disrupting the traditional insurance model. Our solution helps you assess risks with greater precision, deliver personalized offerings, streamline claims processing, and reduce churn rates. By collecting granular data from a vast number of connected sensors it enables insight-based decision-making resulting in both incremental and long-term business gains. By combining the solution with our expertise in analytics, we ensure that you understand existing customers better, enhance the user experience, and uncover fresh business opportunities.

With the emergence of smart home devices, wearables, and driverless cars, IoT is radically disrupting the traditional insurance model. Our solution helps you assess risks with greater precision, deliver personalized offerings, streamline claims processing, and reduce churn rates. By collecting granular data from a vast number of connected sensors it enables insight-based decision-making resulting in both incremental and long-term business gains. By combining the solution with our expertise in analytics, we ensure that you uncover fresh business opportunities, understand the existing customers better, and enhance user experience.

Insurance

With the emergence of smart home devices, wearables, and driverless cars, IoT is radically disrupting the traditional insurance model. Our solution helps you assess risks with greater precision, deliver personalized offerings, streamline claims processing, and reduce churn rates. By collecting granular data from a vast number of connected sensors it enables insight-based decision-making resulting in both incremental and long-term business gains. By combining the solution with our expertise in analytics, we ensure that you understand existing customers better, enhance the user experience, and uncover fresh business opportunities.

BUSINESS SEGMENTS

Remote Monitoring

The operations of petrochemical and refinery plants are highly sophisticated. For operators, manually monitoring and operating thousands of equipment, processes, and components is next to impossible. TCG Digital’s remote monitoring solution allows analytics-driven remote supervisory control of plant operations. It is an interactive, real-time plant information system for all plant processes— feedstock, cracking, separation, production, shipping, etc. It gathers real-time data from numerous tags, IoT devices, supply chain, quality, historian, and laboratory systems to provide a centralized operations platform that helps operators visually monitor production levels and operating conditions, and identify problem areas. Close integration with SCADA systems allows operators to remotely change and control various equipment. Also, the dashboards, reports, and alerts enable interactive focused monitoring based on data insights and quick identification of issues helping avoid costly downtime.

Naphtha Cracker optimization

Naphtha is a commonly used raw material for the production of petrochemicals. Day-to-day production and operational decisions are taken manually resulting in sub-optimal yield. Our naphtha cracker optimization solution maximizes the profit margin of end products such as ethylene, propylene, propane, etc. enabling companies to unlock millions of dollars in value. Machine learning and advanced analytics models are used to predict the product output for any given set of operating parameters, feed quality, and input flows. Then the optimizer predicts the optimal operating parameters, input feed volumes, and desired product mix so that profits are maximized. Consecutively, prices of products and inputs are entered into the optimizer model and operating ranges are set as constraints.

Naphtha Blend optimization

Naphtha feedstock for petrochemicals is procured from various national and international sources, which often come with varying quality of paraffin, olefins, and aromatics. Different quality naphtha inputs are blended using a manual iterative process that is very time-consuming and often does not yield the optimal outputs. Our solution first predicts real-time quality of blended naphtha using machine learning and statistical algorithms. Then it predicts the production yield for a given blending ratio, blended quality, and operating parameters. Finally, it recommends the selection of blending tanks, blending ratio, and operating parameters to maximize yield.

Plant KPI Reporting

Plant KPI reporting solution provides intuitive reporting on operations of a plant for tracking day-to-day processes and management. Key metrics and KPIs are tracked across various areas — production, quality, plant utilization, supply chain and financial, etc. Raw data is ingested from equipment, IOT devices, tanks, historian, supply system and quality system, and data insights are generated using dashboards, reports, and alerts. It enables planned versus actual production analysis, production planning, quality monitoring, trend analysis, downtime analysis, and regulatory/emissions reporting. It helps in uncovering hidden insights to reduce refinery losses, yield and waste accounting, yield optimization by predicting optimal plant settings, and identifying interdependencies and sensitivities within and across processes.

Grade sequence optimization

In a petrochemical production plant, different grades of each product type (ethylene, propylene, etc) are produced for different consumers. Switching the plant operations from one grade to another could prove time-consuming and lead to input wastage. Our grade sequence solution, with the use of advanced analytics and statistical algorithms, recommends the sequence and amount of production for various grades minimizing losses such as material wastage, switching costs, and quality defects, for a given set of operating parameters and work shifts. Historical operation data including defect log and incidents are used for training the model.

Supply Chain spares optimization

This solution drives efficiencies in the supply chain and recommends optimal spares stocking at a central warehouse and plant units, aiming to reduce holding cost without impacting production levels. It has a stocking and order recommendation engine that forecasts spare part consumption using an ensemble predictive modelling approach for each spare part. Business benefits include improved process reliability and order fulfilment rates, optimized inventory costs, reduced spare stock-outs, and better operational planning.