Industrial companies need to adopt a digital mindset that embraces what the Industrial Internet can offer in new growth opportunities.
If you have a mobile phone, tablet, computer or all three, companies like Amazon, Google and Apple are all household names. With the explosion of the consumer Internet during the past 15 years, these companies collectively have amassed more than $200 billion in value innovating and establishing new business models on this singular platform. These companies through the use of data and analytics have defined the consumer Internet.
That was the topside of Chevron Wheatstone’s natural gas platform on its two-week journey from the construction yards of South Korea to the Pilbara coast, off Western Australia.
At a lunch for 200 of WA’s top executives, from marketers, miners and media magnates—including Wesfarmers chief executive Richard Goyder, Seven West Media chairman Kerry Stokes, Shell Australia chair Andrew Smith, and GE Australia, NZ and PNG chief executive and president Geoff Culbert, and regional director of Oil & Gas. Mary Hackett—Jeff Immelt was making the most of it, too.
How collaborative robotics is accelerating the next industrial revolution.
When you hear about innovative technological advances that are reshaping industries, chances are you aren’t thinking about a factory floor. Not much has changed there since the first industrial robots were deployed in the 1960s — until now.Categories
But on this day, all is not as it seems. Sure, technicians move around purposefully, performing their normal tasks. Valves open in the right sequence like pipes on an organ. Even trained eyes can’t see anything amiss. But back in the control room, a warning box pops up on the plant operator's screen.