A roadmap for your digital transformation
No matter what industry you're in, how old your infrastructure is, or how familiar you are with real-time data solutions, the power of digital transformation allows organizations to achieve substantial value and returns in the form of better work processes, increased productivity, and more efficient collaboration inside and outside of an organization.
But how does one start on the journey to digital transformation? Or push ahead when obstacles stymie progress?
“Digital Transformation for the Process Industries: A Roadmap” is available now to help you with how to justify and deploy software that will provide significant return on investment and vault your organization into a thought leadership role. You will also learn how to contextualize operations and production data to be easily consumed by your corporate analytics and models.
I've had the distinct honor of collaborating with Osvaldo Bascur for more than 21 years as a colleague, advisor, friend, and author. Over the years I've seen Osvaldo provide his unique insights, best practices, and technical guidance to help companies reap the benefits of utilizing real-time data to achieve difficult business objectives. Many of these experiences are highlighted in this book.
For example, when forest and paper products manufacturers experienced a downturn in demand during the 2000s, a few resourceful companies discovered they could sell their excess electricity back to the local power company. Not only did they use operating data to make their operations more cost effective, they also uncovered a new revenue source.
Another example is when a former colleague of ours developed some algorithms that monitored the health of 3,800 electronic submersible pumps (ESPs) in real time and identified bad behavior. In the first year, the company increased ESP uptime by 63%, which resulted in a first-year savings of US$40 million, thanks to a reduction in the number of spare parts and maintenance labor needed to service failed ESPs. Plus, the US$40 million savings did not include lost production revenue at a time when a barrel of oil cost more than US$100. That's a striking takeaway.
This book illustrates many of our real-world experiences with companies across the process industries that are going through their digital transformations. It is full of invaluable insights for you and your team as you strive to convert operations data into tangible business results.
I invite you to check it out. More information is available here.