Industry leaders acknowledged the role the technology trends have played for industrial organizations to navigate and fight the complications and difficulties brought on by the global pandemic at a recently held virtual conference by AVEVA. Industrial companies are adopting Cloud, Digital Twin, Artificial Intelligence (AI) and automation technologies to take on and manage the complications of the current macro-economic atmosphere.
AVEVA hosted a virtual press panel recently in which industry leaders conducted a discussion on how industrial companies are creating and innovating by utilizing technology to sustain business stability and drive improved supply chain and manufacturing planning. This is transforming obstacles into prospects to enhance efficiency and prosperity, particularly when it comes to bettering supply chain inefficiencies and driving sustainability enterprises.
Senior representatives from three primary energy sector organizations – The Abu Dhabi National Oil Company (ADNOC), Wood PLC, and DCP Midstream participating alongside Craig Hayman, CEO of AVEVA were on the panel. They highlighted technology’s imperative part in accomplishing instantaneous optimization and advancing resolution-making, digitally facilitating production maneuvers, maintained by frequent inaccessible personnel to drive significant price reduction.
Massive opportunity for Digital Transformation for the Industrial Sector
Mr. Craig Hayman, CEO of AVEVA, emphasized the massive opportunity for digital transformation for the industrial sector. To enable digital resiliency and long-term sustainability, he suggested, organizations need to bring together the connected workforce with Digital Twin, Artificial Intelligence, and Cloud. Craig Resnick cited how 80% of ARC’s clients are effectively pursuing Cloud in their operations to increase asset uptime and performance.
Digital Twin technologies in the Cloud have witnessed one of the fastest growth trajectories among the transformational tools piloted or adopted during the pandemic, with remote engineering design and build, as well as remote operate and maintain, cited as drivers for this acceleration.
The majority of organizations didn’t take going digital seriously before. Dr. Alan E Nelson, CTO at ADNOC, advised organizations to focus their technology strategy and investments across a few impactful platforms (including new energy technologies, manufacturing processes, and materials of the future). He clarified why technology strategies should be considered in collaboration with key global strategic partners and not in isolation. Darren Martin, CTO of Wood, sees into Digital Twin as a key enabler, to operate, maintain and optimize assets remotely across the globe with precision.