THANK YOU FOR SUBSCRIBING
Manufacturing Technology Insights | Wednesday, February 23, 2022
Innovation must be a priority for enterprises, and businesses should rethink their innovation strategies, going beyond the pursuit of new products and services.
Fremont, CA: It appears that virtually everyone today discusses innovation and its significance for the growth and survival of businesses. Hundreds of books and tens of thousands of articles have been published on innovation, with the majority focusing on methods for generating ideas for creative goods. Most fail to recognize that innovation extends much beyond the creation of new products.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The general public does not necessarily consider the chemical process industries (CPI) and chemical engineering as highly innovative fields. If we compare the CPI to the so-called technology sector, this view may have some substance. Continual advancements in electronics and computers tend to accelerate the rate of change, and as a result, connected businesses and commercialized products also change rapidly and frequently. The chemical engineering inputs, such as scaleup, plant design, plant operation, and distribution required to bring promising novel innovations to commercial-scale production are often invisible. For example, the creation and mass manufacture of better materials for the screen and body of smartphones, as well as enhanced electrical components and longer-lasting batteries, requires numerous advancements in chemical engineering.
In addition, the general public does not comprehend the crucial role innovation in chemical engineering plays in providing consumers with food, water, energy, and merchandise. To maintain its viability and competitiveness, the CPI must innovate daily, going beyond traditional research and development (R&D) efforts. Companies around the CPI cannot afford to disregard innovative potential.
Innovation is the most traditional sense and is sometimes restricted to organizations with appropriate resources. However, a larger, more holistic definition of innovation — one that encompasses the complete customer experience — provides several potentials for improvement that may not necessitate substantial financial resources. Businesses to remain competitive must innovate in many areas, including improving work processes, addressing manufacturing difficulties, attracting and retaining top personnel, communicating with consumers, encouraging the best contribution from each employee, and continuously enhancing overall operations. Such endeavors are less capital-intensive and more conceptual, but they offer several potentials to impact the company's bottom line positively.
Chemical engineers are in a prime position to find answers for some of the world's most pressing issues, such as the provision of food, potable water, products, and energy to a growing population. It would be impossible and probably harmful for the earth to meet these needs using existing means. Significant breakthroughs are required to increase crop productivity and output, reduce environmental contamination, improve energy and water management, and more.
CPI is typically viewed as less inventive than the electronics, communications, and technology industries. Fortunately, the CPI is currently developing in areas such as the industrial internet of things (IIoT), analytics using big data, broader connectivity via the cloud, enhanced robotics, and increased machine-to-machine interactions.
More in News