At each operation’s stage, companies have the opportunities to increase efficiency and drive higher performance. The key question is: How can they do that? The adoption of digital enablers and the drive to cloud-based services is the answer. Intelligent solutions that combine enterprise asset management (EAM) and asset performance management (APM) are booming, Intelligent Asset Management is revolutionizing operations.

Most businesses in manufacturing and resources have not defined a plan for the transformation of operations.

Asset-intensive industries from energy and life sciences to natural resources and manufacturing have not, until recently, addressed operations with the same commitment to digital as they’ve brought to enterprise functions. In fact, most businesses in manufacturing and resources have not defined a plan for the transformation of operations.

The emergence of cloud solutions has created a desire to standardize and integrate. Bringing IT and operations together is key to help drive plans for change. They need to collaborate on a value-based approach that specifies short-, medium- and long-term goals that will enable an effective transition to a new world of digital operations and solve some persistent challenges.

There are plenty of areas beyond technology that must be addressed to achieve effective digital operations. Data must be available in the right quantities and at the right level of quality. Putting the right information into workers’ hands so that they can make use of data and insights is also key. Perhaps most of all, significant behavioural change and upskilling are needed to make sure that the advantages of new solutions are maximized.