INDUSTRY WATCH
44 % OF ORGANISATIONS WITH SUSTAINABILITY GOALS WANT TO INVEST IN MORE ENERGY-EFFICIENT ASSETS AND INFRASTRUCTURE TO MEET THOSE OBJECTIVES .
More than three-in-10 ( 31 %) oil , gas and utility organisations worldwide cite tighter integration and collaboration across functions among the top two drivers for the adoption of enterprise software systems , while 30 % reference better project management , 29 % improved asset life cycle management and 29 % improved operational efficiency .
These were among the highlights of new research commissioned by IFS , polling over 600 senior decision-makers at large energy companies across France , Australia , Japan , the Nordics , US , the UK and the Middle East . The research also found that 44 % of organisations with sustainability goals want to invest in more energy-efficient assets and infrastructure to meet those objectives .
Barriers to change
Despite these key drivers , significant barriers to technology adoption remain , especially around the inability to define and measure the ROI of enterprise software systems like EAM and ERP . Nearly threein-10 say the chief barrier to adoption is the inability to accurately measure value from investment during the Digital Transformation journey , while a fifth ( 20 %) say it ’ s the biggest barrier to Digital Transformation overall .
Organisations need – and desire – more clarity and certainty about what these solutions will deliver . A large proportion ( 79 %) say it ’ s important for enterprise software to have the embedded capability to set and measure critical KPIs . Companies surveyed want KPIs on improving resource utilisation ( 34 %), extending the lifespan of assets ( 30 %) and increasing asset reliability ( 28 %). the energy sector . Some ( 26 %) highlighted a lack of clarity about the resources and skills needed and 19 % say a poor business case makes adoption look costly . Other reasons include a lack of consensus on priorities across their leadership team – cited by nearly a quarter ( 24 %).
Where companies are now on the Digital Transformation journey
Only 17 % of companies polled for the survey report having completed their Digital Transformation journeys . Organisations have varying approaches : 65 % are approaching it one function at a time , with 18 % in total starting with an asset management solution .
The adoption of advanced asset management solutions
More than a third of organisations ( 37 %) list asset management strategies among the Digital Transformation outcomes that will have the biggest impact on their company – and 74 % say it is important that an advanced asset management solution gives them improved maintenance , moving from scheduled to predictive asset maintenance , for example . Given the current pressures on the energy sector , tools that help maximise uptime and drive efficiencies through enhanced asset management are key .
When respondents were asked to consider what they want from an asset management solution , improved maintenance is followed in order of importance by scheduling and dispatch ( 71 %), improving supply chain management and reducing inventory costs ( 70 %), mobility ( 69 %) and support for compatible units ( 69 %).
Carol Johnston , VP Energy , Utilities and Resources , IFS
The survey also highlighted several other key barriers to the adoption of enterprise software systems across
From a Digital Transformation perspective , 38 % see sustainable energy as having the biggest impact on
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