Predictive, Performance, Prescriptive, Prognostic

Digital transformation requires a major rethink in how organisations use technology, people and processes to fundamentally change business performance and strategies. For Aveva, digital transformation is the most logical answer in moving towards a more streamlined, effortless system in the industrial sector. Aveva helps customers in the industrial sector digitise to unlock sustainability. 

During a time of great uncertainty, digital transformation allows organisations to provide stability, to create new capabilities and to innovate ahead of their competition. It is a journey through deployment of technology and driving behavioral change in workforce – changing when, where, which, and how work is performed and evolved. Making the transition successfully can be profoundly rewarding for companies.

Cloud is critical and Aveva is working across customers to expedite their use of the technology. New technologies like AI enable four key areas to mitigate business and operational risk, improve workforce safety and efficiency, and forge a more reliable and secure enterprise – the four Ps are: Predictive, Performance, Prescriptive and Prognostic.

All industries are embracing technology to reshape their operating landscape and reap the benefits of improved productivity, higher efficiency, and increased cost savings. Advancements in technology such as cloud platform, analytics and computing power, are revolutionising how companies transform their engineering and design processes to improve project execution.

True digital transformation platforms provide the ability to choose between deployment options including on premise, cloud or hybrid rollouts. 

Agility in procurement options allows organisations to obtain the required tools through several options, including perpetual licensing or subscription-based services solutions for implementing technology on an as needed, staged approach help the organisation reduce upfront costs and decrease time to value of new technology investments while accelerating a path toward increased profitability.

For an efficient and successful digitalisation strategy, it is imperative that business heads to be on board and on the same page on driving transformation across functions. They need to break down the walls between siloed processes to achieve holistic digital ecosystem and this can only happen when they truly understand the importance of digital transformation. 

Spearheading a large-scale transformation is definitely a top-down initiative. If it lacks executive backing, it is most likely to fizzle out. 

Technology heads advise business heads on the technologies best suited for the overall transformation of the organisation. As experts in technology, they play a vital role in implementing digitalisation across the organisation. They need to be a part of the strategy discussion and are essential during the implementation stage. Increasingly C-level executives are discovering that IT and technology heads need to play a more strategic role for a successful digital transformation process. 

Key takeaways

• Making the transition successfully can be profoundly rewarding for companies.
• It is a journey through deployment of technology and driving behavioral change in workforce.
• True digital transformation platforms provide the ability to choose between deployment options.
• During a time of uncertainty, digital transformation allows organisations to provide stability.
• For a successful digitalisation strategy it is imperative business heads be on board.