TALKING
‘‘ business and scaling their industrial IoT initiatives , organizations have the potential to generate actionable insights , streamline operations , and boost productivity – all while enhancing sustainability across their enterprises .
His words echo a shared sentiment expressed by many of our long-term clients – that finding the right collaborative partners to support industrial operations makes all the difference .
For example , the use of a digital energy management system that trends voltage and current power energy can enable businesses to monitor disturbances on their electrical networks . This would enable them to obtain real-time insights into the energy efficiency of their equipment , enabling a more data-driven approach to energy management .
In my view , the key is translating the widespread recognition of digitalization ' s value into concrete , company-wide deployments of industrial digital technologies . Bridging this gap could unlock a new era of efficiency and innovation .
Collaborate , but make it count
At the heart of every OpEx strategy is an inherent emphasis on shared success in recognition of an increasingly fragmented landscape of assets , partners and technologies . Strategic service partnerships that make room for innovative business models and collaborative approaches are ultimately those that will be poised for success .
When we worked with INPEX , one of the world ’ s largest offshore LNG plants , one thing their shutdown coordinator , Jason Hicks , said will always stay with me : “ You really want to know that the vendor you partner with supports you .”
The key to project success is finding the right partner who can seamlessly integrate with the firm ’ s operations , providing the necessary support and innovative approaches to tackle complex operational challenges . A partnership-driven model stands to empower companies to focus on their core competencies while relying on their trusted service partner to deliver specialized capabilities that maximize the firm ’ s operational excellence .
Electrifying for a modern tomorrow
Future-proofing our assets is becoming more important as industries across the country recognize the need to transition towards more sustainable and efficient operating models . The shift towards an OpEx strategy , characterized by high-quality maintenance , repair and asset modernization , is allowing companies to defer capital costs and prevent operational disruptions .
As firms scrub away the idea of sunset industries , embrace digital transformation and foster collaborative partnerships , they will find themselves better equipped to stay competitive and positioned for long-term success .
Ultimately , the OpEx strategy is a win-win proposition to a better electrified tomorrow . p
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