Demystifying Digital Transformation
For the oil and gas industry, fluid power is both the end product and a critical operation within the plant operation. Understanding the health of equipment within the facility is essential. That’s where digital transformation comes in.
In a new Hydraulics & Pneumatics article, authors Amit Patel and Jason Maderic of Emerson get right to the heart of the matter. “To some, the term ‘digital transformation’ may sound cryptic and complicated, but it really is about taking practical steps to make operations clearer, easier and more concrete,” they write. “By definition, digital transformation is a process that a facility, system or piece of equipment undergoes that allows end-users to see real-time data, make decisions based on it and act based on those decisions.
“Digital transformation puts the right information in the hands of the right expert, no matter where they sit, which improves the speed and accuracy of decision-making and action,” they add.
“This New Normal”
In a wide-ranging interview with Hydraulics & Pneumatics, Saar Yoskovitz, co-founder and CEO of machine health company Augury, discussed the one-two punch that the pandemic and trade wars, have had on the process of digital transformation.
“We’re seeing much, much more investment on digitization and automation. We’re also seeing—maybe it’s recency bias due to COVID-19—more investment in remote collaboration capabilities. So, I think companies woke up to this new reality, this new normal,” Yoskovitz said. “Post-COVID, and maybe post-trade wars, they’re looking at a much more local supply chain: How do we find local vendors of raw material? How do we decrease dependency among different countries?”
