Digital Transformation with Dave Drerup
Data is the single most important parameter that helps you define the rest of the parameters in asset management. That’s why it is very important to capture the right data in the most efficient manner possible—capturing it using digital means rather than traditional ways. Some organizations struggle with digital transformation because they have been doing things the traditional way for the longest of time period and they have difficulty understanding the benefits digital transformation brings to a company. Digital transformation starts with asking the right questions and getting answers by using reliable data, analyzing it, and then, utilizing it to bring value to the organization.
The points addressed in this podcast highlight:
- Why is Data such an important parameter?
- What does Digital Transformation mean?
- What are the positive effects of Digital Transformation if done correctly?
Digital transformation doesn’t mean just better tools and advanced technology, it relies heavily on the quality of data and standard processes that will help you use that data to bring effectiveness in the ways you perform asset management and have necessary corrective measures in place in case of failures. The results of digital transformation heavily depend on the culture of an organization, right segregation of data, and smart decision-making skills shown by the personnel running the asset management programs of that facility. They also have to make sure that everyone has access to the right information in a real-time manner using mobile devices to empower them to make risk-based decisions. Change management also plays a huge role to make the digital transformation as smooth as possible so that the work feel a sense of safety and become resilient towards achieving set performance goals.
This will not also result in improved productivity and higher profitability but also, the organization will have an informed task force and overall equipment effectiveness throughout the facilities. So, digital transformation helps frontline personnel to make smart, informed, and thus, more confident decisions which means stronger and retained workforce with passage of time for the organization. Higher and middle level management also benefit from digital transformation because of the increased wrench-time, increased ROI, and availability of performance analytics at all times. It allows you to have integrated processes across the entire organization and that helps you perform analysis in the actual operating context of the asset.
It provides you improved and comprehensive asset management strategy to go about transforming the culture of the organization with time. A lot of organizations struggle with implementing the digital transformation because they have the technology in place but fail to design robust processes to integrate with their systems which makes the biggest difference. They need to understand the value of having something to build upon when they start their journey with digital transformation. Having good libraries for failure management can really help you build a strong baseline to implement digital tools for enhanced data capturing and analysis techniques. The successful outcome is obtained by making the right information available at the right time. The organizations need to know what they are doing and why they are doing it. Having an intelligent operation management to ensure cross-functional adhesiveness towards common goals is the key for a successful digital transformation.
- HP Reliability
- James Kovacevic’s LinkedIn
- Reliability Report
- Eruditio Supports: www.help.eruditio.com
Dave Drerup Links:
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