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The session you are viewing was recorded live on August 10, 2020.
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Description
Technological disruption is here, and the ability to embrace and harness it is the way forward. This session will introduce the Digital Transformation Curve and explain how you can navigate this transformation and recognize the return on your digital investments (RODI) through various aspects of your business objectives. You will learn the benefits of converting physical assets to digitized assets for enabling better decision making, and greater visibility of asset performance for gaining efficiencies that contribute to maximizing the asset’s life cycle. A.J. and Jim will describe how assets are digitized, modeled and used to simulate events and processes and ultimately transfer knowledge among all stakeholders, including examples of how a full Digital Transformation can be applied to augment a traditional commissioning process. They will describe each digital step along the curve (non-digitized, digitized, intelligent, simulated and connected) and show examples and case study solutions on how the return on digital investment (RODI) goes up with each increasing level of digitization, and how simulating events digitally before they occur in the field mitigates risk.