Why - The value of the digital economy

1. The digital economy can optimize existing business models.

2. It also promises new potential to add value.

What - Companies need to focus on:

1. Becoming digitally mature

2. Identify and realize the opportunities digitalization brings

How - Plans need to be made and implemented to realize:

1. Increasing their penetration of digital trends and possibilities.

2. Gain a better understanding of how the digital space is changing the rules of competition, as this will allow them to optimize existing business models and develop new ones.

3. Cultivate the ability to develop and multiply the resources they need in order to seize new opportunities in practice.

Why - Invest in Smart Operations and Digital Thread

1. Accelerating High Performance Operations (3-5%)

2. Delivering transformational productivity and global competitiveness

3. Enhance Customer Experience, Competitiveness, 
E2E Product Lifecycle Visibility & Optimization

What - Plan, Source, Make, Deliver, Service

1. Products: New Product Introduction (NPI)

2. Production: Manufacturing Operations

3. Performance: Field Service Support

4. Predictive/Prescriptive: Operational Intelligence

How - Creation of the Ecosystem

1. Connecting: ‘End-to-End’ visibility, Master Data governance, Standardized Process Enterprise, KPIs

2. Digitizing: Investment in enabling technologies, Connected factories
, Guidelines and tools for Digital Factory

3. Transforming: Change Management, Customer Responsiveness ,Better Customer Service, Analytics

Why - Productivity and Safety

Live Real Time communications maximize productivity while maintaining HSSE conformity

• Safety: reduce human factors error

• Quality: minimize human variability

• Productivity: standardize on efficient work practices

• IP rights: retain operating discipline knowledge

• Skills: basis for operator training and certification

• Regulatory: comply with statutory requirements

Competitive advantage: Process automation augmented with digitally transformed manual procedures provides a competitive advantage at an incremental cost::

1. Maximizes Safety

2. Maximizes Productivity

3. Maximizes Quality

What - Focus on digitalizing Procedures to make them:

1. Dynamic, Adaptable and Easy to maintain

2. Make Procedures interconnected

How - Prevent top 4 reasons for Procedure Failure

• Human factors: People and Training

• Accessibility: Keep them current and meaningful

• Adaptability: Fit for purpose to guide in non routine situations

• Interconnectivity and integration: missing data, wrong information

Use notation to explain and visualize the process, identifies what can go wrong. (Examples: Business Process Modeling Notation (BPMN), Procedural Automation)

Why - Applying Six Sigma results in business value

1. Improve quality of output by identifying and eliminating causes of defects.

2. Reduction of variability in business and manufacturing processes.

3. Value targets include improving customer satisfaction, minimizing operating costs, reducing pollution, boosting profits, and reducing cycle time.

What - Measurement based strategy

1. It’s a set of techniques and tools that help organizations improve business processes.

2. Every project adheres to a series of well-defined steps aimed at reaching specific value targets.

3. It provides a quantitative description of how a business or manufacturing process is performing.

How - Implementation methodologies

1. Consistency plays an integral role when it comes to reducing process variation, which contributes to the viability of businesses.

2. Commitment at all levels of an organization is vital for sustained quality improvement.

3. DMAIC: (define, measure, analyze, improve, control) This sub-methodology is used to rectify under-performing processes.

4. DMADV: (define, measure, analyze, design, verify) A practical way to develop new products or processes at Six Sigma quality levels.