SYSTEM AND METHOD FOR JUST IN TIME CHARACTERIZATION OF RAW MATERIALS

In an industrial plant, various equipment are used to handle processing of raw materials. Considering complexities involved in the processes and the equipment, constant monitoring is required to obtain desired results. The disclosure herein generally relates to industrial process and equipment monitoring, and, more particularly, to data analysis for Just In Time (JIT) characterization of raw materials in any process industry. The system collects real-time plant data among other inputs, and performs characterization of raw materials being used in the plant. The characterization involves categorizing the raw materials into different classes. The class information is further used to predict performance of the industrial plant, and in turn to generate recommendations for optimization of the industrial plant.