Why ESG concepts are totally related to digital transformation in industry
ESG (Environmental - Social - Governance) concepts have been gaining much attention in recent years. In collaboration with major global goals, such as the Paris Agreement and the SDGs, the concept focuses on sustainable growth, social responsibility, and transparent corporate governance. Turning these practices to the industrial ecosystem, it is possible to identify several challenges that obstruct the commitment to a net-zero operation, such as the extensive emission of greenhouse gases, asset failure, and non-optimal energy consumption due to operational inefficiencies. The emergence of digital transformation and digital technologies has opened up new opportunities for achieving optimal operational [...]
Unlocking the Potential: Exploring the Fascinating World of Digital Twin Technology
Digital twin is a technology that has gained great prominence over the past few years for generating amazing results. The technology emerges in the midst of a movement known as digital transformation, which has revolutionized the way companies relate to their customers, operate, and develop their products and services. What is a Digital Twin? Despite the big boom behind the digital twin the term was conceived in 2002 by Michael Grieves and has since been applied for different purposes. But how could we define a digital twin? Well, the technology consists of a digital [...]
Digital Transformation in the O&M phase
As industrial processes become increasingly complex, more data are collected by sensors and technologies from digital transformation. However, this gathered information is not always centralized and contextualized, making the process of asset integrity management even more difficult. The Fourth Industrial Revolution and the increased investment in new technologies by companies are constantly generating better results in their processes. One of the main gains from this is the improvement of the Operation and Maintenance phase of the industry (one of the most enduring stages of Project Lifecycle Management) with tools that keep up with the complexity of the operation and [...]
The active role of AI in industries’ future
Artificial intelligence has transformed the world through its application for different purposes around the globe. The recurrent use and interest in this technique have led to several developments that rapidly transformed the industrial operating environment through advances in computational techniques. Since 2020 we can notice an accelerated movement of digitalization driven by digital transformation and concepts previously presented in industry 4.0. The technologies developed in these periods and their fast emergence have provided enough visibility for broad application in complex tasks among production processes and industrial operations. The trend is that, in the coming years, the application [...]
Asset Integrity as a Climate Change mitigation action
Asset integrity management is an extremely important program for industries and it can vary according to each operation, according to its specific needs and particular characteristics. Although it has been present for a long time in the industrial sector, with the objective of generating more safety and reducing risks to operators, integrity management can be another method used by industries against the challenge of containing climate change. Read: Understand the importance of Asset Integrity Management Opportunities for a good sustainability-oriented AIM system Industries are facing requirements from stakeholders in relation to the optimal use of assets in their [...]
Data Contextualization to the O&M Phase
In the last 10 years, the amount of data generated by industries is the largest in history. Despite the growing digitalization of the sector, there is still a great need to contextualize this information to be effectively useful to the industry. In the contextualization process, three questions are fundamental for data processing. What is it? What is it for? and Who is it for? From this, a filtering process begins, the goal of which is to classify data as useful or useless. In addition, the contextualization process is also responsible for formatting the data into usable [...]
Data Contextualization – Make data do more!
Introduction Since Industry 4.0, companies have been implementing digital technologies to digitize their operations based on cyber-physical models. Ten years after the beginning of the transformation generated by Industry 4.0, these companies are often struggling with the difficulty of generating value through the use of the data generated in their operations. We can say that we are no longer in an age of data, but in an age in which it is necessary to understand, organize, and qualify this data in order to effectively generate value. In this article, we will address some of the main [...]
Are you a mining manager? So you’d better read this right now!
Mining and Metals managers are facing a strong conflict within their operation: how can I increase my productivity? The answer is complex, but two approaches can be used to tackle this dilemma. One possible approach, although very time-consuming and costly, is to expand mining sites. The other is all about driving the digital transformation through all organizational levels The roadmap to a mining digital transformation A successful digital transformation strategy cannot be implemented if it lacks strong leadership. The culture change required for a transformation of such magnitude demands people's support and massive embracement. Digital transformation is [...]
Real Business Value Through Digital Transformation
Digital transformation has been a must for many companies in recent years. The digitalization provided by the movement has attracted the attention of many managers trying to encourage transformation within their organizations. Despite being indispensable, not all companies are aware of the real gain provided by digital transformation. In this post, we will clarify the main points of change generated by the movement. What to expect from digital transformation Digital technologies are the main drivers of digital transformation. From the implementation of tools such as Artificial Intelligence, Cloud, and Analytics, companies had access to the necessary tools [...]
Digital Twin for Renewable Grid Optimization
The world is moving toward a renewable energy production model. This transition is part of a series of measures adopted in order to break energy dependence on polluting sources. The concerns generated from the effects of global warming have made clean energy a source of supply option in many countries around the world. However, there is still a large gap in the operation and management of these sources on a large scale. In this article, we will highlight the key challenges of energy transition and how Digital Twin technology can bridge this gap and enable large-scale [...]
