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Digital-led decarbonisation
Digital transformation is not an option—it’s a strategic necessity. As companies strive to enhance operational efficiency, reduce costs, and drive innovation, the implementation, stacking and streamlining of digital technologies becomes paramount. In this blog, our Asset Health expert, Andrew Mills focuses on the industrial sector and explores how digital implementation can create significant value when you have the right advisory and implementation partner to guide the transformation.
Technology: the promise vs reality gap
Digital technologies offer industrial companies the promise of a wide range of benefits, from improved operational efficiency, to enhanced decision-making capabilities. Companies that effectively implement digital strategies can achieve between 2-10% improvement in production and yield (depending on their starting point and industry), and a 10-30% reduction in costs1. However, the reality is that many organisations struggle to realise the full potential promised by of these technologies. Why? The answer lies in the often overlooked but critically important aspect of implementation strategy and expertise.
The crucial role of expert implementation
Industrial environments are inherently complex, with unique challenges that require tailored digital solutions. Transformation in this sector demands more than just knowledge of available software; it requires a deep understanding of which technologies align best with your specific strategy, environment and outcomes. The cornerstone of success lies in defining an implementation strategy that not only delivers early wins but also ensures sustained, measurable performance and results.
So how can an experienced digital consulting firm enable organisations to achieve their goals?
With over two decades of experience as an industry-leading digital systems integrator, we have executed more than 2,000 asset management technology implementation projects in the last 12 months alone. Our domain experience in designing and optimising complex industrial assets enable us to create and implement effective digital strategies tailored to address the unique operational challenges of each client.
For instance, our client, a major Middle East energy producer, experienced vibration-induced equipment failures, resulting in excessive flaring. Our bespoke digital monitoring and analytics system, eliminated 9,000 m3/hr flaring and saved 152 million kg eCO2/year, ensuring more efficient operations, while reducing energy waste and carbon emissions.
Ensuring sustainability and compliance
Digital solutions are also increasingly essential in meeting regulatory requirements and sustainability goals. For instance, advanced analytics and monitoring systems can help companies measure and reduce emissions while improving energy efficiency, contributing to their sustainability goals. It’s not just about keeping up; it’s about keeping ahead.
1"Taking industrial sector tech from cost center to competitive edge", McKinsey & Company, May 21, 2024.
Pain in the asset – Maximising value from digital
Our experts will discuss the key strategies for successful implementation of digital solutions in industrial assets and share real examples of how to drive value from digital.