Business Transformation process consists in changing processes, systems, people and technology across the whole business or business unit, to achieve measurable improvements in efficiency, effectiveness and stakeholder satisfaction.
Digital transformation is the profound transformation of business and processes, organizational activities, competencies and models to fully leverage the changes and opportunities introducing a mix of digital technologies accelerating impact across the business in a strategic and prioritized way, with present and future shifts in mind.
Technology fast innovation are driving business to transform the traditional way of work in faster and more efficient processes, using digitalization, expecting that this change will contribute to manage risk and improve cost, performance, quality and safety.
Digitalization can improve processes, providing new methods and opportunities for the business if the digital transformation is evaluated using a value chain business model, considering that the value created is higher than the cost of creating the value. After the transformation, sustainability is a must, so it is required to change the processes and adapt the skills to this new way of working.
The starting point for the digital transformation is the understanding of the actual baseline.
Don’t start with any digital change without knowing where you are. So, before digital transformation project it's essential to gain evidence, translated in results, digital strengths and weaknesses, opportunities and priorities. This will give you information related with the pillar’s maturity:
Also, you should be able to know:
Therefore, any decision will be based on the investment required to transform efficiently compared with the results that you want to obtain keeping the social responsibility!
Digital Value for Business will provide the complete analysis on what would be required to reach the Value Proposition.
The digital value proposition is the base to develop a digital product or channel. A successful digital value proposition offers a valuable solution to solve an important problem or create additional benefits for the users and create effective value to the company.
A Digital Value for Business can be developed using the CANVAS, that have different templates to different scope, such as Digital Value Chain Business Model and Machine Learning.
Developing a Digital Value for Business have to be a business strategy, not a stand-alone project and have to be supported by the top management commitment, a proper methodology and adequate resourcing.
Digitalization roadmap is a high-level document that outlines what goal a business wants to achieve, identifying the digital initiatives that will drive to reach the digital transformation goals.
It provides a blueprint for action that aligns digital initiatives with short- and longer-term business objectives.
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers through the acceleration of business activities, processes, competencies and models to fully leverage the changes and opportunities of digital technologies and their impact in a strategic and prioritized way.
Plan and implement the required processes and organization, using the gap analysis and best practices, to continuously improve the value return on business!
Technology innovation are driving business to transform the traditional way of work in Asset Management using digitalization, expecting that this change will contribute to manage risk and improve cost, performance, quality and safety.
Asset management is a set of coordinated activities, involving the balancing of costs, opportunities and risks against the desired performance of assets to achieve an organization’s objectives.
Digitalization can improve Asset Management processes, providing new methods and opportunities for the business considering that the value created would be higher than the cost of creating the value.
Operational Excellence is a philosophy where problem-solving, teamwork, and leadership results driven by a consistently and demanding implementation of the company business strategy. The process involves focusing on the customers' needs, keeping the employees positive and empowered, and continually improving the current activities in the workplace.
An Operationally Excellent company will have lower operational risk, lower operating costs, and increased revenues relative to its competitors, creating value for customers and shareholders and should be key for Asset Management success.
The use of digitalization to transform the traditional way of work in Operational Excellence will contribute to manage risk and improve cost, performance, quality and safety. After the transformation, sustainability is a must, so it is required to change the processes and adapt the skills to this new way of working.
A common objective of a reliability maintenance is to minimize the whole asset life cost, although there may be other critical factors such as risk or business continuity to be considered objectively in this decision making.
The application of digital transformation in Reliability Management will change the processes to become faster and more efficient particularly in the implementation of predictive maintenance, alerts and alarms, mobility solutions reliability analysis, and so much more. It is expected that this new way of work in Reliability Maintenance will contribute to manage risk and improve cost, performance, quality and safety.
Data-driven decision making (DDDM) is an approach to business governance that values decisions that can be backed up with verifiable data rather than making decisions that are intuitive or based on observation alone, supporting competitive advantage.
The success of the data-driven approach is reliant upon the quality of the data gathered and the effectiveness of its analysis and interpretation.
Business intelligence tools are a strong resource to analyze the data and allow easy dashboards customization to display the important information in real time. The changes in how data can be mined and visualized allows business executives who have no technology backgrounds to be able to work with analytics tools and make data-driven decisions.
Digitization is the process of converting analog signals or information of any form into a digital format that can be understood by computer systems or electronic devices. Digitization term is used when converting information, like text, images or voices and sounds, into binary code.
Data in digital format support the implementation of digital processes.
When all your information is in digital form, your ability to secure your organization’s knowledge drastically increases because you can manage access and level or rights and security for each user, no matter where in the world they are, and you can change it as needed. Most digital storage technologies of today also have audit trails which give you the ability to see who did what to each file, and giving you access to older versions if needed; thus, preserving your organization’s valuable lesson learns and knowledge.
Some benefits as result of digitalization:
Defining the dashboards and using business intelligence will allow you to have a very nice visual appeal to the different levels of the organization that will help you to monitor the performance of your business with a reduction of the administration effort. These dashboards will require the definition of the lead and lag key performance indicators, data collection and analytics tools.
A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives.
Organizations use KPIs to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the business, while low-level KPIs may focus on processes in departments such as sales, marketing, HR, support and others.
Effective KPI´s will really support a business to achieve the results required. That´s why they are designated as KEY. It should be SMART - Specific, Measurable, Attainable, Relevant and Time-bound:
Business Intelligence (BI) is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions. It is a suite of software and services to transform data into actionable intelligence and knowledge.
BI tools perform data analysis and create reports, summaries, dashboards, maps, graphs, and charts to provide users with detailed intelligence about the nature of the business.
BI has a direct impact on organization's strategic, tactical and operational business decisions. BI supports the digital processes implementation and fact-based decision making.
Maintenance Work Management describes all main steps to properly manage work orders, including: planning, scheduling, execution of planned and unplanned work and record of all activities performed by all involved technical staff.
The main purpose is to increase asset availability and optimize cost of materials, resources, tools and services, by proper utilization of the work orders.
Establishing the appropriate work planning, execution and control digital processes with integration in asset management will help you to improve asset availability, reliability and resources usage optimization.
Predictive analytics can be defined as the procedure of condensing huge volumes of data into information that humans can understand and use.
Descriptive analytics based on obtaining information from past events has evolved into predictive analytics, which attempts to predict the future based on historical data.
This support the implementation of alerts, and alarms that based on the right parameters will support condition-based monitoring effective usage.
The existing technology allows mobile solutions implementation, but before this it is imperative that organizations clearly define their mobile strategy and identify why it benefits their organization.
Confirm the requirements for your mobile strategy:
Paperless Operator Asset Care is OAC implemented using digitalized processes.
OAC is a commitment by plant management, operations and maintenance to ensure that assets maintain their expected level of operability with quality and volume for output, while reaching their expected lifespan within the plant. Operator Care attempts to greatly reduce or eliminate reactive maintenance driven by skilled operators.
OAC is generally a paper creator, but is don’t need to be that way!
The total elimination of paper may not be feasible for all OAC activities, but even tough even a small reduction may yield cost savings and increased efficiency. There are always advantages to reducing paper usage since you will be able to:
Paperless Processes consists on the integration of several systems and applications that will reduce hugely the amount of paper.
Independently of the type of business, the need to digitalize business processes is a must to remain competitive.
The total elimination of paper may not be feasible for every business, but even tough even a small reduction may yield cost savings and increased efficiency. There are always advantages to reducing paper usage.
With digital document management, your business will become more productive since you'll manage and find important information faster. Also, paperless processes often can integrate with your enterprise resource planning (ERP), EAMS/CMMS and so many other software’s that you may use to support overall usability.
Enterprise asset management (EAM) is the process of managing the lifecycle of physical assets to maximize their use; save money; improve quality and efficiency; and safeguard health, safety and the environment.
Selecting the EAM tools and software that best allow you to meet your company’s goals is a must: