FROM PILLAR TO POST
current passing through the furnace – while reducing the risk of component failure .
Ultimately , technological enhancements that can bring about predictive capabilities enhance reliability and safety standards that serve as a competitive advantage .
Practice what you preach when it comes to Digital Transformation
Our Better Decisions report uncovered an ironic trend among American industrial leaders : while 96 % of decision-makers recognise the critical importance of digitalisation , only 35 % have successfully scaled their industrial IoT implementations .
This disparity between awareness and action could be characterised as ‘ all talk and no follow-through ’.
However , I see this as a significant untapped opportunity for US companies . By embracing and scaling their industrial IoT initiatives , organisations have the potential to generate actionable insights , streamline operations , and boost productivity – all while enhancing sustainability across their enterprises .
For example , the use of a digital energy management system that trends voltage and current power energy can enable businesses to monitor disturbances on their electrical networks . This would enable them to obtain realtime insights into the energy efficiency of their equipment , enabling a more data-driven approach to energy management .
In my view , the key is translating the widespread recognition of digitalisation ’ s value into concrete , company-wide deployments of industrial digital technologies . Bridging this gap could unlock a new era of efficiency and innovation .
Collaborate , but make it count
At the heart of every OpEx strategy is an inherent emphasis on shared success in recognition of an increasingly fragmented landscape of assets , partners , and technologies . Strategic service partnerships that make room for innovative business models and collaborative approaches are ultimately those that will be poised for success .
When we worked with INPEX , one of the world ’ s largest offshore LNG plants , one thing their shutdown coordinator , Jason Hicks , said will
As firms scrub away the idea of sunset industries , embrace digital transformation and foster collaborative partnerships , they will find themselves better equipped to stay competitive and positioned for long-term success .
always stay with me : “ You really want to know that the vendor you partner with supports you .”
His words echo a shared sentiment expressed by many of our longtime clients – that finding the right collaborative partners to support industrial operations makes all the difference .
The key to project success is finding the right partner who can seamlessly integrate with the firm ’ s operations , providing the necessary support and innovative approaches to tackle complex operational challenges . A partnershipdriven model stands to empower companies to focus on their core competencies while relying on their trusted service partner to deliver specialised capabilities that maximise the firm ’ s operational excellence .
Electrifying for a modern tomorrow
Future-proofing our assets is becoming more important as industries across the country recognise the need to transition towards more sustainable and efficient operating models . The shift towards an OpEx strategy , characterised by high-quality maintenance , repair and asset modernisation , is allowing companies to defer capital costs and prevent operational disruptions .
As firms scrub away the idea of sunset industries , embrace Digital Transformation and foster collaborative partnerships , they will find themselves better equipped to stay competitive and positioned for long-term success .
Ultimately , the OpEx strategy is a win-win proposition to a better electrified tomorrow . �
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