A Step Towards Solving One Of The Most Important Problems In ASEAN
Make no mistake, Digital Industrial is the next generation.
Fact #1
The goal of providing clean, sustainable and accessible power to every single individual in South East Asia is a long-standing one. Digitising the effort however, is a new chapter being rapidly written in the narrative.
Fact #2
The ten members of the Association of Southeast Asian Nations (ASEAN) – along with China and India – are shifting the centre of gravity of the global energy system to Asia. Southeast Asia’s energy demand will increase by over 80% between today and 2035, a rise equivalent to current demand in Japan.
Fact #3
The industry estimates US $1.3 trillion of value to be captured globally, from 2016 to 2025. This means that the electricity sector is ripe for realising value from rapid digital transformation.
The longstanding goal of ensuring reliable, affordable and safe access to electricity remains unchanged in the future of energy, and can only be guaranteed by a strong centralised power generation system.
So what?
Improving energy efficiency would deliver major energy security, economic and environmental benefits to South East Asian nations.
To make that happen, strategic private-public partnerships in the dichotomy that is South East Asia will be the key to unlocking the region’s energy potential.
GE, Powering the Charge
The GE Reports ASEAN team spoke to Ganesh Bell, GE’s first Chief Digital Officer, who speaks about how, and why, industrial companies have the opportunity to be tomorrow’s true digital innovators – and what this could mean to a region like South East Asia. In his role, Bell leads digital innovation and transformation – responsible for the digital solutions business and digital engagement to drive business growth.
What you will learn in this video:
Is Digital Industrial just a buzzword? - No
Similar to how video games have become more realistic with physics-based engines, using the same principle, industrial machines now have the software that helps companies understand the deep physics of the machines to become more efficient, react to real-time situations and ultimately save costs.
Greater efficiency, means higher power output coupled with cost savings. Being a Digital Industrial company means connecting every single moving part in a business ecosystem – to increase productivity and ultimately help in bringing more power to the 1.3 billion (of which 37% live in Asia) in the world who still do not have access to electricity.
But how?
1. Deeper Insights: A single unified automation architecture — from sensor to the boardroom.
2. Better, Faster Decisions: Drive the best user experience across the workforce — from operator to the CEO.
3. Real Time Actions: The development of advanced software, algorithms and analytics that allow various actors in a generation setting to make business optimal decision with the same lens of impact to overall business key performance indicators.
Simply said: the ten members of the Association of Southeast Asian Nations (ASEAN) – along with China and India – are shifting the centre of gravity of the global energy system to Asia.
Software that understands a machine’s physical capabilities relative to its theoretical potential can do more than simply detect variance; it can adjust operating parameters in real time to maximise efficiency and minimise cost.
It’s about productivity, it’s about increased security.
It’s about how GE is transforming the way it helps customers
drive performance.
It’s about driving innovation across a customer’s business.
The future of the energy landscape is uncertain, but what is certain is the growing global demand for smarter, lower cost energy, and that’s something no industry can ignore.