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Transforming Industries towards IR4.0
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September 20, 2019 News

 

Industries are constantly innovating as they embark on their digital journey. With technology evolving rapidly and improving the way we do things, industries that don’t embrace technology will find themselves left behind. Digital transformation begins in the organisation and is driving business outcomes.

And this was the key point highlighted by Craig Hayman, CEO of AVEVA at the AVEVA World Summit 2019 in Singapore. According to reports, Industrial IoT is expected to grow by 20% in the next five years. Craig explained that this unprecedented growth will change industries all around the world in the years to come.

Importantly, he pointed out 3 key areas in which industries need to look at so that they are not left behind and remain competitive.

  • Unification and visualization– By visualizing industry data you already have, businesses can work faster to make use of that data and put it to work. Be able to make quick fast decisions.
  • Asset performance management – Industries can use their data to free OPEX. Historical and real-time data once analysed can be used to build assets. This is done through ML and AI for predictions. Data moves quickly. False positives, which have been an issue in the past, have been dramatically reduced.
  • Industry 4.0 – use data to take risk. By using cloud to eliminate legacy workflows as well as maximise the use of facilities. Come up with simulations and engineering designs for various outcomes on the supply chain across thousands of scenarios.

“This is how we move from the digital technology to the digital twin to the digital team. From the original engineering data to the operational data, from insights to machine learning to productivity. This affirms and funds your own digital transformation.”

The digital twin is a key concept covering engineering, operations and maintenance. In line with this, AVEVA announced the introduction of integrated engineering software designed to help customers transform the way capital projects are engineered, executed and integrated into operations and maintenance.

The integrated portfolio comprises three software solutions. AVEVA Unified Engineering seamlessly integrates process design with front-end engineering and detailed 3D based design. AVEVA Unified Project Execution links and streamlines procurement and construction processes for capital projects. AVEVA Enterprise Learning enables the rapid skilling of operators and engineers using Extended Reality (XR) and simulation tools, to ensure efficient startups and shutdowns, normal operations, and the ability to handle abnormal situations.

The functionality provided in these integrated solutions enables the realization of an Engineering, Procurement and Construction (EPC) 4.0 strategy for owner operators, central to digital transformation in the capital-intensive process sectors. This allows collaboration on a global scale, through hybrid cloud architectures and on a common platform. The entire manufacturing process can be traced, tracked, and linked – from engineering and design, through procurement and construction, to handover and to operations and maintenance, as a comprehensive Digital Twin for the capital asset.

Ravi Gopinath, COO of AVEVA explained further that organisations need to ensure they have a framework for digital transformation before making any decisions. The focus on business imperatives is critical in any decision making. Organisations should not do tech just for the sake of tech. A clear strategy is a needed first step to define those outcomes and set priorities.

He added that when making decisions on digital transformation, it is important to set the target areas and proof of value realization. Also, organisations should ensure their solutions and infrastructures can be scaled and interoperability with what they have is critical.

Companies that have made the right decisions with a digital transformation framework have seen changes. This includes companies like Husky Energy that has seen a 10% reduction in total installed costs and 33% reduction in project execution schedule. Other examples include BP which has seen time taken to evaluate crude feedstock down to 3.25 minutes from 7 hours.

Judging by the speed of innovation in technology, Ravi pointed out that whichever solution is picked at the end of the day, the user experience is the most important. Businesses will want solutions that are easy to deploy, use and handle. As Ravi puts it, if the user experience is good, it will generate the revenue needed.

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