asset optimisation powers the new digital enterprise · achieving market leadership in a changing...
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Asset Optimisation Powers the new Digital Enterprise
Written by: Wilhelm Swart Managing Director
BluESPA subsidiary of 4Sight Holdings
June 2019
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INTRODUCTION
We hear from our customers that digital transformationstrategies are top-of-mind. BluESP’s mission is to workwith our customers to help them optimize and run theirassets safer, greener, longer and faster. Harnessing thepower of advanced digital technologies are critical toachieve this.
Today we all work amid volatile, uncertain, complex andambiguous (VUCA) conditions. Global populationgrowth has resulted in energy and commoditiesdemand growth, a shift in consumption and the call formore sustainable practices are changing the game forindustries today.
In addition, safety, zero-carbon and low-carboninitiatives, a need for energy and water efficiency, airquality regulations and climate change are primeconcerns for shareholders and are therefore of greatconcern and a priority for industry leaders.
Our customers have up to six-generations ofemployees, all with different methodologies anddemands, from employees who take notes on paper,but have years of experience, skills and knowledge, tonew millennial entries who need to get operational fastand who demand mobile-Apps, AR, VR and cognitive AIguidance tools.
The Digital Transformation Challenges we are facing today:
AspenTech Optimize 2019
During May 2019, our team from BluESP and 4SightHoldings attended the AspenTech OPTIMIZE 2019event in Houston, Texas.
AspenTech’s OPTIMIZE 2019 is the industry-leadingconference on asset optimization and operationalexcellence. More than 75 AspenTech customerorganizations present on real projects from around theworld to guide industry leaders with best practices. Athree-day exclusive event in Houston, TX, USA,OPTIMIZE 2019 invites more than 1,000 customers andprofessionals to network and learn how to acceleratetheir company’s digital journey.
BluESP is an AspenTech partner and brings theirtechnologies to the African market. BluESP also sellsand supports the Aspen Engineering Suite that enableseamless workflow in the design and costing of newprocesses for industrial customers.
Picture taken by: Wilhelm Swart | AspenTech OPTIMIZE 2019
Digital Transformation with AspenTech, the challenges and solutions.
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A new generation of technologies areproviding opportunities that werepreviously impossible to implement.
By combining the physical rules and chemical/processprinciples embedded in current operational softwarewith the analytics capabilities of advanced embeddedAI technologies, industry can now reach new levels ofoperational excellence. These hybrid model andmachine learning based technology solutions span overa wider range of business processes (Eng, Operate,Maintain, Plan and Schedule) to deliver more value.
An example of this is AI-powered cognitive guidance,which makes it easier for the next generation workforceto make the best decisions quickly and learn from theexperience of others captured in the data. AspenTech'swork on this has made it simpler and faster for newemployees to learn and become operational (in lessthan 50% of the usual time taken).
THE SOLUTION
By focusing on simplifying complexity and adding newtechnology they are continuously investigating how AIcan guide customers to learn faster and becomeoperational safer and faster.
Industrial process and operational conditions areconstantly changing, we have therefore been deployingdynamic advanced control models in industry andmining, for some time.
The various plant assets and related businessprocesses, scheduling, planning, and maintenance alsochange frequently.
AspenTech believes that connecting dynamic processchanges on the asset side creates real value, byconnecting advanced analytics to the front line in astandardized manner, with shorter feedback loops,increases agility, which produces faster, better results.
Asset Optimisation Powers the new Digital Enterprise
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To meet the needs of today’s market — and tomorrow’s— industrial businesses need to transform theirindustrial facilities and value chains into a system ofsmart, self-optimising, semi-autonomous assets.
This is how they will achieve higher levels of safety,sustainability, performance, agility and profitablegrowth while also enabling critical new businessmodels.
Drawing on the data generated over decades ofoperations, process manufacturers and otherorganisations can now leverage technologies such ashigh-performance computing, artificial intelligence (AI)and analytics to generate insights that go deeper thanever.
By incorporating AI capabilities into their existingoperating technology (OT) and information technology(IT), their systems will be empowered to transcendfunctional silos and operate semi-autonomously (andeventually autonomously) to drive maximum profit —while at the same time operating safely, minimizingenvironmental impact and ensuring greater reliabilityand efficiency.
AspenTech is providing the building blocks to createthis “digital enterprise of the future” today. Thus,helping our customers to achieve market leadershipwhile also maintaining their “social license to operate.”
ACHIEVING MARKET LEADERSHIP IN A CHANGING WORLD
Asset Optimisation Powers the new Digital Enterprise
For further information, please contact me:
Wilhelm SwartManaging DirectorBluESP
Mobile: +27 83 266 4185Email: [email protected]
Visit our new website: www.bluesp.co.za
ABOUT 4SIGHT HOLDINGS
As a multi-national diversified investment holding Group, we leverage our subsidiaries’ extensive product and services portfolio of Industry 4.0 technology solutions, to create impact that empowers customers to make better and more informed decisions in the modern digital economy.
Our business model is to enable our subsidiaries totake advantage of various products and solutionswithin our Group of companies, to deliver digitaltransformation solutions to their customers.
Our subsidiaries focus on a cross section ofestablished, new and emerging technologies. Thisincludes (but is not limited to) Autonomous andArtificial Intelligence (AI) solutions with MachineLearning, Big Data, Cloud and Business Intelligencesolutions, Simulation, Augmented and Virtual Realitysolutions.
These technologies manifest in the various solutionswe deliver to customers in the telecommunications,mining, manufacturing, energy, chemicals, private andpublic sector.
4Sight Holdings is now positioned as the “Digitalisationpartner of choice ”for customers to embark on and takeadvantage of the Fourth Industrial Revolution journey.
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For further information, please contact me:
Willie AckermannChief Sales Officer 4Sight Holdings
Mobile: +27 83 653 4885Email: [email protected]
ABOUT 4SIGHT’S MMEC CLUSTER
Digitisation and technology are driving unprecedentedchange within the mining, resources and manufacturingindustries. Increasingly, companies across the globeare digitising physical processes through theimplementation of industry 4.0 technologies such asIndustrial Internet of Things (IIOT), Cloud Computing,Big Data Analytics, Simulation (Digital Twin),Autonomous Intelligence (AI) and Machine Learning toautomate various functions.
The Mining, Manufacturing, Energy andChemicals (MMEC) Cluster provides key 4IRtechnologies and services needed to helpindustrial customers with their full end-to-enddigital transformation journey, while followinga cost effective and low risk self-fundingmethodology. This allows customers toremain competitive in the digital economywhile making sure any digital initiative has a6 month or better return on investment (ROI).
The MMEC Cluster has continued to grow and nowconsists mainly of six key Subsidiaries namely BluESP,Age Technologies, Simulation EngineeringTechnologies, Ntsika, One Source Africa and StrategixSAS.
For further information, please contact me:
Rudi DreyerExecutive: MMEC Cluster4Sight Holdings
Mobile: +27 82 653 5950Email: [email protected]
Asset Optimisation Powers the new Digital Enterprise