Digital transformation is a journey, not a destination. Every organization navigates this passage in different ways, and in varying timeframes.
Some companies have raced ahead, collecting data from smart devices embedded in their plants’ equipment to monitor and improve operations via better quality, higher production speeds and reduced energy consumption.
They’re starting to create digital twins of their critical assets and model their processes virtually to proactively develop solutions that support their operations from design and start-up through operations and maintenance.
Other firms have gone even further, delivering real-time insights to executives that allow for asset optimization and strategic realignments of plant portfolios for maximum profitability.
Yet many companies — perhaps yours — are only getting started.
This is good news: significant opportunities await, as long as you start now.
Even better, digital transformation doesn’t have to be an overwhelming new initiative; in fact, it usually migrates along a problem-solving execution model, with a virtual twist:
- Firefighting: What information does management need to fix a piece of equipment or failed production line?
- Problem resolution: What data can staff use to schedule predictive maintenance, and prevent problem recurrence?
- Continuous improvement: Which insights can be leveraged to deliver process innovations, setting new benchmarks for production performance?