Yokogawa. No trend in the past thirty years likely will revolutionize chemical processing as much as the imminent implementation of “digital transformation” technologies and practices. This transformation encompasses a proliferation of Industrial Internet of Things (IIoT) sensors and actuators, a flood of time-series data, and exponential growth in computers directly participating in plant operations. However, one central concept — low-cost implementation of change — will drive the real power and productivity benefits of digital transformation, namely, the ability to make rapid, iterative and data-driven innovations to plant operations at a fraction of the cost previously possible. This demands overcoming the restrictions to innovation created by closed proprietary systems. Numerous factors are driving this need: global markets and competition make laggards in innovation unsustainable; changing environmental laws and sensitivities require new tools for compliance; and reimagined capital budgets consider operational flexibility and profitability not only efficiency and safety.