July 2019

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Digital: The pathway to digitalization value delivery

It seems that all software initiatives in the energy and chemical industries are now tagged with the name “digitalization.”

Micklem, D., KBC, a Yokogawa Company

It seems that all software initiatives in the energy and chemical industries are now tagged with the name “digitalization.” A few years ago, similar initiatives were called Six Sigma or lean manufacturing projects. All are focused on operational excellence, but digitalization has risen to the top of the C-suite agenda due to the rapid penetration of new technologies that are disrupting the way consumers are buying and using everyday products and services. Music and movies are provided as services that learn about your preferences and those of your peers; they used to be sold as a hardware product that you bought and owned. Increasingly, products of all kinds are bought from unknown vendors

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