The digital world is the living world & the rest are just spectators. So, this statement gives birth to these 2 questions of all time, that makes Digital Transformation is not the luxury but necessary.
Are you Digital Ready? / Are you Digitally Ready?
Digital Transformation in many areas like Data, Analytics, Technology, Revenue, even strategy, etc… is accused of being merciless & collapse many fat-cat corporates within no time.
It is not a specific industry but, even the technological industries had their own versions of excuses for not preferring change & the following basic reasons has to be addressed for being on top.
- No Information / Don’t see it coming
- No idea of where to start & How it ends
- Budget, Resources, & etc.
Digital Transformation is a process where the way an organization operates, measure & perform gets effective with less hassle in terms of measurement, monitoring & control.
So, In context to #DigitalTransformation in the shoes of Energy industry, We have 3 concepts to hit on.
1. Digital Transfusion but not Digital Transformation
In medical terms, Transfusion happens in order to change the old blood with a fresh one that suits. Electricity is one such bloodline that flows through the entire organization & any type of organization that demands primary attention. But, is it possible for Digital Transformation of the company particularly in Energy & power?
Yes, Which why we call it Digital Transfusion & this is how we help organizations to achieve the Digital Transformation.
2. Where to begin, especially when you have limited resources.
Basic digital transformation should start with a scope to cover the whole organization via energy & power resources that cover at least 40% of your annual expenses. These can be monitored, measured & controlled using a system that can recognize enormous energy-saving prospects, help optimize operations and track return on assets (ROA) to a great extent in manufacturing, industrial machinery, power & utilities, mining, oil & gas industries.
Adopting energy management software to provide flexibility, mobility and data access to help enterprises focus on their core business in addition to environmental sustainability.
#JustSaying Few Energy management systems (#ELNet) have recorded a whooping RoI of <6 months & reducing expenses by ~15% annually.
3. Where is this headed ultimately?
This can take us to the next level where organizations can personalize employee experiences, which is the future of work.
The capabilities of digital transition are the inclusion of real-time monitoring, and cloud services to ease the workflows, predict trends & behavior patterns offer plans in decision-making.
The rapid growth in technology towards digitalization allows the industry to take complete advantage in analyzing the overall energy usage, real-time processing of the acquired data, and tailoring the insights as per user needs. Energy management is leading the world’s energy efficiency with the rise of Interoperability (A concept that enlights the Internet of Things – IoT) even in the industry 4.0.
Let’s continue the talk in the stall: H12. D45 (D4511) at #HannoverMesse.
Praveen is a creative marketer with 15+ years of experience in design & marketing. Heading the Marketing activities & Elevating the brand in possible 360 degrees at Elmeasure is his way of living.