(229c) Driving the Value from Digitalization

Many opportunities exist to utilize the technologies of Industry 4.0 and digitalization within the process industries, to improve reliability, productivity, profitability, and safety. However, organizations may become enamored with the new tool or capability, looking for problems to fit the technology rather than focusing on the true business needs. Only by being technology agnostic and using a strategy that places balance sheet impact and long term competitive advantage as selection criteria to the myriad of solutions available in the market will an organization focus on the proper challenges. This presentation will examine potential pitfalls to technology selection and implementation.