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Industrial Digital Transformation

You're reading from  Industrial Digital Transformation

Product type Book
Published in Nov 2020
Publisher Packt
ISBN-13 9781800207677
Pages 426 pages
Edition 1st Edition
Languages
Authors (4):
Shyam Varan Nath Shyam Varan Nath
Profile icon Shyam Varan Nath
Ann Dunkin Ann Dunkin
Profile icon Ann Dunkin
Mahesh Chowdhary Mahesh Chowdhary
Profile icon Mahesh Chowdhary
Nital Patel Nital Patel
Profile icon Nital Patel
View More author details

Table of Contents (15) Chapters

Preface 1. Section 1: The "Why" of Digital Transformation
2. Chapter 1: Introducing Digital Transformation 3. Chapter 2: Transforming the Culture in an Organization 4. Chapter 3: Emerging Technologies to Accelerate Digital Transformation 5. Chapter 4: Business Drivers for Industrial Digital Transformation 6. Section 2: The "How" of Digital Transformation
7. Chapter 5: Transforming One Industry at a Time 8. Chapter 6: Transforming the Public Sector 9. Chapter 7: The Transformation Ecosystem 10. Chapter 8: Artificial Intelligence in Digital Transformation 11. Chapter 9: Pitfalls to Avoid in the Digital Transformation Journey 12. Chapter 10: Measuring the Value of Transformation 13. Chapter 11: The Blueprint for Success 14. Other Books You May Enjoy

The state of the industrial sector

Compared to industries such as semiconductor manufacturing or automotive, the digital transformation of industrial processes is lagging in process industries (for example, oil, gas, and chemicals).

Process industry investment decision periods tend to be much longer as the potential risk associated with changing a production system in operation is always considered to be too high due to the interdependencies of processes. Changes can have an impact on a complex process system and lead, for example, to serious incidents, such as an explosion at an oil plant or chemical plant. In addition, no plant operator would want to alter a running system unless the anticipated benefits outweigh the risks substantially.

In January 2020, Honeywell CEO Darius Adamczyk discussed the software strategy of the company, which included the transformation to becoming a much more digitally modern company. This strategy consists of three components: data integrity, consistency...

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