What is Reliability Digital Transformation?
Digital transformation refers to the acceleration of an existing process through digital conversion, resulting in faster data collection, analysis, and decision making. Digital transformation started to become a major focus of heavy asset industries during the ramp up of software in the 1990s when these industries began digitizing their documentation. This digitization process forced facilities in these industries to manage different data sets digitally instead of just on paper, improving the models that focused on the processes, real-time operational alerts, and types of maintenance and inspection tasks that should be performed at these facilities.
Today, industrial leaders are actively working on digital transformation initiatives, focusing on properly leveraging their data to enable more sustainable and profitable operations. One key part of a successful transformation is reliability and maintenance. We call this Reliability Digital Transformation.
Reliability is Sustainability
A key piece to sustainable operations often not associated with digital transformation is a strong reliability and maintenance strategy. Reducing waste and driving long-term profitable operations is more important now than ever before. As a result, many industrial facilities have a renewed focus on incorporating sustainability practices into their programs by changing their asset makeup through either divestiture or acquisition, or by focusing on the optimization of their existing assets through digital transformation initiatives.
The most reliable operators are also the most sustainable operators.
Through our analysis of the economic impact of reliability in the refining, water and wastewater, and mining industries in our Economics of Reliability Reports, we found that the most sustainable operators lead the industry in minimized unplanned downtime and mitigated process safety risk. Additionally, these leaders ensure their reliability and maintenance funds are effectively spent.
How can industrial facilities become more sustainable through reliability? By integrating a successful reliability strategy into their processes. Driving a successful reliability strategy requires reliability digital transformation across the data supply chain, ranging from what data is gathered to how it’s organized, contextualized, and analyzed to drive decisions. This process is called data-driven reliability.
Data-driven reliability is our approach to reliability-based digital transformation and requires transformation across the entire reliability data supply chain. Data-driven reliability is comprised of four primary steps: data, integrate & contextualize, intelligence, and automate & optimize.
Data-driven reliability is an essential pillar for industrial digital transformation, helping owner/operators leverage their data for sustainable and profitable assets.