Digital transformation often stalls or fails because executives get misguided regarding the metrics of activities. Digital transformation from a technical perspective covers topics like data management, data integrity, cost of SCADA, deployment of SCADA, networks, cyber security, dashboards, mobile distribution, cloud, equipment automation, work schedule optimization, resource deployment, customer experience, and so on. None of…
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Company structures, in this digital age, cannot resemble a structure designed during the industrial, analog era. What is there to understand?
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Earlier this month, Chevron offered to purchase Anadarko for $33 billion (a 39% premium). Last week, Occidental stepped up to the plate and offered Anadarko $38 billion (a 20% premium to the Chevron agreement). While each offer varies in its bundle of cash and stock, both offers have to do with companies wanting to improve…
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One of the most seismic financial trends over the past decade has been the rapid growth of global pension and superannuation funds, estimated to be worth $54 trillion. Australia’s alone are worth over $2 trillion with expectations that it will reach around $10 trillion in the next 15 years.
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Before you can solve the ambiguity of your current digital transformation, make sure you have an objective assessment performed by a third party. Management is not a science but an art.
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As organizations grow and mature, increase in headcount, I see the construction of too many layers. In an effort to create a flat organizational structure, I see too few layers. Most organizations follow a military protocol and misunderstand layers as reporting relationships.
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After every major decision, CEOs always say, “Why did it take us so long?” So there’s something to be said for seeing through the noise and moving at double the speed you think possible, separating the wheat from the chaff.
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VCI’s Digital Intensity Assessment for a Mining or Oil & Gas asset analyzes the degree of digitization within the people, processes, and technology of the operation. It represents a significant link between operational practices and economics. In its broadest sense, Digital Intensity can be categorized into five levels: None Remote Observation / Visibility Remote…
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A company facing transformation must address a significant amount of divergent thinking amongst employees. This includes thoughts and talk about where are we going, how are we going to do this, how will this effect me, and more. Uncertainty and doubt enters the system.
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The rapid digitization of business is a key change activity around the world today. But the underlying technologies are available so fast and furious, some companies just don’t have time to connect all the dots. We often find that people personally own and use technology that is more advanced and integrated than their company’s technology.…
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