Spending on Digital Transformation is expected to Reach $2.3 Trillion in 2023, More Than Half of All ICT Spending.Ideally IT spending is driven by the need to meet business requirements. Digital transformation can be defined as the acceleration of business activities, processes, competencies and models to fully leverage the changes and opportunities of digital technologies and their impact in a strategic and prioritized way.
Plant and maintenance heads continuously look forward to increased uptime, reduced breakdown maintenance, reduced maintenance cost, reduced rework, increased asset productivity, increased technician wrench time and maximizing lifetime value of assets. Today’s technology provides several opportunities to the maintenance teams to achieve these objectives.Several asset intensive organizations are seeing attractive ROIs by investing in solutions for Asset maintenance.
Organizations are adopting various tools and technologies to realize the true value of their assets and are at various stages of the adoption curve. IOT, Machine learning, drones for inspection, mobile solutions for field workers and seamless maintenance solutions are some of these.
As an option, several organizations choose their journey in digital transformation step by step. In this endeavour, a few low hanging fruits can help organizations move towards complete digital transformation and increase the benefits step by step.
One of the first changes organizations can adapt in early stages is to bring smart mobile solutions for technicians which help organizations in increasing the wrench time of technicians significantly and sometimes even by more than twice. This can be an easier success story which can encourage adopting other solutions.
Another quick success solutions can be adoption of cloud based analytics which can provide Asset insights and help in defining maintenance strategies. A further advanced solution could be Predictive maintenance can help in ensuring higher uptime of the assets.A right consulting partner and experienced team will surely bring the expected ROI.