Why we need Digitization?
Why we need Digitization ? ….very precisely it is required to increase the overall competitiveness of any business entity. Digitization is the process of turning the non-digital formats of information into digital formats. At industrial level it is the process of capturing an analog signals and converting them into digital signals. During the process of digitization the existing systems and processes stays same way and the format of information is changed. At industrial/ Manufacturing level digitization is about operational efficiency of all the facilities from end-to-end from design to build to operations to maintenance to optimization in a closed loop so to finally optimising the complete value chain in the plant/factory. Challenges – Major part of the digitization work to be done relates to technology issues arising from the actual fact that today’s plants aren’t highly connected yet. These include: • lack of strategy for coping with ...