Home » Opinion » Navigating the complexities of digital transformation in manufacturing: Gaurav Vyas, AVP – Strategy (Director’s Office), Reliance Industries Ltd Implementing digital transformation requires changes in organizational culture, processes, and workflows End-to-end digitization in the oil and gas industry presents several challenges as the operations and nature of business is itself complex. Moreover with regulatory requirements, and the scale of the industry with varying degree of digital maturity levels of various facilities even within the same organization, plug and play solutions and one size fits all for end to end digitization is not an option in the oil & gas, chemicals and petrochemicals industry. Digital transformation is not just required for maximal gains but it could also be a way to survive with global energy transition likely to lead to the closure of marginal assets across the oil and gas value chain in the coming decades. To remain competitive, oil and gas assets strive to transform operations, by improving yield, energy, throughput, reliability and availability while reducing costs The main challenges, barrier and impediments faced in end to end digitization in manufacturing space, particularly in oil and gas, chemicals and petrochemical installations as following Legacy Infrastructure: Though […]
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