Recommendations for success
Successful digital transformation will be a prerequisite for industrial organizations to compete effectively and maximize business performance. When looking for a place to start the digital transformation process, asset performance management (APM) (including avoiding unscheduled downtime) is a great place on which to focus.
End users and OEMs alike should embrace, rather than resist, digital transformation. While the increasing convergence of operational technology (OT) and information technology (IT) serves an enabler, this digital transformation must still embrace legacy assets, as plants will not “rip and replace” old, but otherwise well-functioning, equipment without financial cause. Legacy assets must remain a part of, and be integrated into the solutions for digital transformation wherever possible.
Succeeding here will require both an open mind for emerging technologies, approaches, and business models; and close collaboration between OT and IT groups at the respective operations and enterprise levels, as well as with technology suppliers and industrial and governmental consortiums. While not all technologies, solutions, and approaches will be right for all companies, it’s important to understand what’s going on, what’s available today, what’s likely to be available tomorrow, and what peer organizations are doing to be able to determine where to best focus your limited human and financial resources.