Digital Transformation
Your technology modernization strategies can make or break performance
by Duncan Schleiss
by Duncan Schleiss
In the consumer products arena, we have seen a revolution in the deployment of core digital technology enablers. The connected smart home now offers completely different ways of home management—all enabled by a digitally secure, connected, and often wireless communication infrastructure.
But given the investment required, the industrial sector has been slow to digitally transform its operations, which includes updating industrial facilities with a digital architecture powered by smart sensors and control elements. For those refiners who are ready to transform their organization, there are several major business results that can be realized, including the ability to:
• More easily comply with new safety standards.
• Manage asset obsolescence more effectively.
• Leverage machine analytics to improve availability.
• Increase profitability with embedded advanced control.
• Access remote experts who help fill the skills gap in real time.
How to gain the competitive edge
With global competition, market growth, and in some cases market survival, it is essential for refineries to strive to achieve Top Quartile performance—investing in new technologies and processes while continuing to optimize the performance of their current assets. These investments enable refiners to gain a strategic advantage and competitive differentiation in the marketplace, as well as more easily meet changing clean fuel and emissions regulations.
The key to success hinges on engaging early with an automation partner that can help you minimize modernization project costs and mitigate risks. Additionally, your ideal automation partner should have these attributes: