My colleagues and I had the privilege of attending Tata Consultancy Services’ (TCS) Analyst Day event held in Boston on September 7, 2018. There were several interesting and informative presentations covering the concepts of Business 4.0 and MachineFirst Philosophy and how TCS is leveraging its unparalleled domain expertise and its deep and vast portfolio of services and solutions to provide its customers with exponential value to create abundance through mass customization, leveraging ecosystems to help its customers embrace and manage risk while maximizing business outcomes using technologies and concepts such as Cloud, Intelligence, Automated and Agile.

ARC takes every opportunity to blog about examples of leading oil & gas companies that are embarking on their journey towards digital transformation and operational excellence. We are encouraged and excited when companies engage in strong technology partnerships that enable them to breakdown operational silos and harness the power of digital technologies to improve operational performance.  One of the lowest “hanging fruit” in terms of opportunities to leverage the benefits of digital transformation lies in predictive maintenance.

For the first time Wind River participated as a global sponsor at the recent ARC India Forum. I was curious to know how the company views digital transformation and how their journey has been.

Currently, many companies view digital transformation as being technology-driven.

When I ask people what they think the Internet of Things (IoT) is all about, the majority say, “smart homes”, probably based on personal experience with Alexa or Siri.  If I say that it’s also about industries making using of sensor data, most think of manufacturing.

Digital transformation has become an imperative for industrial companies and infrastructure operators.

Siemens PLM, a business unit of the Siemens Digital Factory group, recently held their annual analyst conference. There was a very noticeable and very significant difference between the 2018 analyst event and those in past years.

ARC continues to take every opportunity to highlight examples of owner-operators that are leveraging IIoT-enabled solutions such as cloud-based analytics that enable them to continue their journey towards digital transformation. In previous blogs ARC has highlighted its strong belief that strong technology partnerships are critical for companies seeking to fully leverage the true power of digital technologies to improve their operations and strive for operational excellence.

Several sessions at the ARC Advisory Group’s recent Industry Forum covered various asset management topics in detail. The session, “Strategies and Technologies for a Successful Asset Integrity Management Program,” focused on the asset integrity management (AIM). At the session, end-user speaker, Rogério Weber Kirst from Braskem, shared their specific strategies and challenges relating to AIM with the audience.

Managing the new industrial customer experience (ICX) should be a cornerstone of every industrial company’s digital transformation program. Why are industrial equipment companies are embracing new business models built on much closer customer relationships? Because they know it will be key to their continued success. Having become accustomed to rapid technology evolution and adoption in their personal lives, their customers now expect more. They expect the products to be smart and connected, but they may also demand customization as well as a sophisticated understanding of the machine's operating ecosystem and conditions. By supporting a dynamic, innovative, and mutually beneficial coalition with each customer, the supplier can provide a business outcome-driven differentiator to guide internal programs, projects, and allocations.