Transforming Data into Human Action and Improved Business Outcomes

08/11/2021 5:00 pm – 6:30 pm CST Virtual

1 Hour and 30 Minutes

  • Corporate
  • Early Stage
  • Growth Stage

Can you perform real-time condition monitoring on 800+ assets, in 200+ facilities, over 30+ states, all from behind a computer screen? Not exactly…

Technology advancements in the past decade have enabled the collection of a variety of real-time sensor data from remote equipment which can now be merged with other types of data by constructing digital twins of our physical assets.  This allows us to mitigate the risk of catastrophic failure, by taking the assets down for repairs in a planned, controlled, and safe manner, in addition to identifying performance degradation and suboptimal operation of our assets.

But deploying technology to identify functional degradation is just one piece of the puzzle (and arguably is the easier part).  The real challenge is to take corrective action in a timely fashion, document the findings and close the information loop.  This requires disciplined business processes, clear and consistent communication protocols throughout the organization all the way to the front-line workers that actually perform the corrective work.  Having robust processes ensure that data is transformed into action and the body of work is fully documented which is key to proving value back to the bottom line.

 

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Key Takeaways:

  • Technology by itself is not enough to implement a successful condition monitoring program
  • People (boots on the ground) and Process Discipline are key to transform data into action
  • Document the Body of Work and methodology to capture Cost Benefits
  • Think Big, but Start Simple
  •   Focus on Digital Twin design, a strong digital foundation will allow to build compounding layers of analytics

Featuring

Moderator: Michelle Ledet Henley is President of TMG Frontline Solutions where she has spent the past 20 years helping hundreds of organizations navigate the difficult waters of organizational change using a game-based simulation. 

Panelist: Michael Graves, Director – Global System Integrators, currently serves as Aveva’s Director of Global System Integrators.   He and his global team are focused on developing, in cooperation with alliance partners, a portfolio of business opportunities that help customers optimize their investment in Aveva products. 

Panelist: Jeff Hay, PhD is the founder and CEO of RDI Technologies. He is the inventor and visionary behind the Iris M platform that allows you to amplify and measure motion with the use of video. 

Panelist: Keary Rogers, Manager, Core Reliability TC Energy U.S. Gas Pipelines,  joined TC Energy in 2005 and has held several roles with increasing responsibilities.  Keary has over 20 years of oil and gas experience, ranging from transmission pipelines, offshore Gulf of Mexico production and onshore exploration.

Looking to join 1871?

Make sure to browse our membership pages: Early Stage, Growth Stage, Corporate Innovator, Small Business.

Due to COVID-19, our public tours are on hold. In the meantime, you can learn all about our vibrant community and the many resources 1871 provides by:

Attending an Early Stage Info Session (Weekly)

Signing up for a Growth Stage Membership Consultation