The missing link for digital transformation: Mastering the asset data domain

Having spent the most of my career serving industrial clients’ Information Technology needs, I found the week I spent at the recent 23rd ARC Industry Forum very interesting indeed. The conference was entitled “Driving Digital Transformation in Industry & Cities.” The conference was chock-full of presentations on industrial use cases & their potential value to the enterprise. I spoke with many attendees and there is an excitement I’ve not seen in a while, that the industry is producing truly digital outcomes that deliver on the promise of Industrial Digital Transformation.

On the IT side of the business you don’t hear “Digital Transformation” as frequently. It’s a given that the information domains supported by IT – Financial, Supply Chain, People & Customers - are already digital. Large Industrials have delivered on a technology stack to “master” these domains and as a result – for the most part – this data is widely used throughout the enterprise and is easily delivered via highly reliable, secure, scalable & trusted enterprise systems. IT analytics, whether analyzing marketing campaign effectiveness or product revenue trends, is performed with ease by a cadre of data scientists and analysts.

Asset Domain

What is striking is that for those same industrials, the information domain that supports the manufacturing process - that produces the product that serves the customer and generates the revenue - has been hugely underserved. Less than 1% of the data generated in the ‘Asset information domain’ is ever utilized. As a result, the asset data that powers operational analytics is generally never in a useable state, nor has it been transformed into trusted information. It’s no wonder that the analyst spends up to 80% of his/her time wrangling data and not executing on the analysis.

The information domain that supports the manufacturing process - that produces the product that serves the customer and generates the revenue - has been hugely underserved. As a result, the asset data that powers operational analytics is generally never in a useable state. Stephen Walsh

This brings me to why I was so excited to be at the ARC Forum. Element introduced at the forum the solution to master the Asset information domain – Element AssetHub. AssetHub uses times series tag data to build robust operational Asset Twins by creating Asset Data Models. AssetHub can easily fit into the operational (OT) “tech stack” and for the first time deliver an enterprise solution to solve the issue of how to scale analytical OT programs across the business. At Element we understand the challenge and are honored to serve some of the most forward-thinking industrial clients!

To learn more about AssetHub, see a demo, and hear how customers are using it to eliminate these challenges by building a 360-degree view of their data using Asset Twins, please join us on Feb 20th at 9AM PST / 12PM EST for a 30 minute webinar.