{"id":14337,"date":"2019-01-17T11:00:11","date_gmt":"2019-01-17T19:00:11","guid":{"rendered":"http:\/\/www.palada.net\/index.php\/2019\/01\/17\/news-8089\/"},"modified":"2019-01-17T11:00:11","modified_gmt":"2019-01-17T19:00:11","slug":"news-8089","status":"publish","type":"post","link":"https:\/\/www.palada.net\/index.php\/2019\/01\/17\/news-8089\/","title":{"rendered":"IIoT: The storm of change for profitable Environmental, Health and Safety (EHS) performance"},"content":{"rendered":"

Credit to Author: Steve Elliott| Date: Wed, 16 Jan 2019 21:26:48 +0000<\/strong><\/p>\n

\"\"Exciting time to be there<\/strong><\/p>\n

We are going through a once in a lifetime technology shift, that has the potential to transform every industry and every business.\u00a0 It is evolving at a pace very few of us have ever experienced.<\/p>\n

Instead of asking \u201cWhat is the IIoT?\u201d the question now is \u201cWhat can IIoT do for me?”<\/a> The first step in this remarkable transformation is fundamentally changing the way that we think about business and automation assets.\u00a0 It involves shifting investments from older technologies and business strategies to investing in new innovative business models based on the latest technologies.<\/p>\n

This transformation is a necessity to stay competitive, and you need to address these opportunities before your competitors do, or you\u2019ll be in hot water\u2026or worse.\u00a0 Digital transformation will have a big impact on your business.\u00a0 You\u2019ll potentially make money, recruit the best people, beat your competition\u2026 and create happier customers.<\/p>\n

For many years operational risk management (ORM) practices have been used to manage safety and environmental hazards with the sole aim of protecting people, production and profits. \u00a0Effective ORM processes have proven useful in preventing adverse high consequence events and the impact on operational and profitable performance.<\/p>\n

Safety Instrumented Systems (SIS) for Emergency Shutdown (ESD), Fire and Gas Detection (F&G), Burner Management (BMS), High Integrity Pressure Protection (HIPPS) etc. are vital elements of a successful ORM strategy.<\/p>\n

New IIoT based safety system approaches are available that unlock potential productivity, performance and ultimately profitability gains. For example, the concept of using a single integrated safety and process control solution using common controllers, input \/ output and networks while still maintaining the risk reduction levels mandated by good design practice.<\/p>\n

Opportunity to transform our EHS performance and profitability<\/strong><\/p>\n

Fundamental to the digital transformation is the use of IIoT<\/a> technologies including connectivity, digitization, big data, analytics, visual clues, digital twins, artificial intelligence when combined amplify each other, creating a perfect storm of change, not just single improvements, but complete transformations.<\/p>\n

Acting to realize the IIoT value<\/strong><\/p>\n

Smart connected operations leverage IIoT techniques to capture and gather large quantities of diverse data (structured \/ unstructured) on a scale not previously possible, convert them into actionable insight for enhanced collaboration and decision making.<\/p>\n

\"\" <\/p>\n

Although many businesses are at an early stage in the adoption of IIoT technologies, that\u2019s rapidly changing.\u00a0 According to the LNS Research spotlight<\/a> on IIoT[1]<\/a>, 40%<\/strong> of companies have started an IIoT initiative, and a further 24%<\/strong> planned within one year.\u00a0 Companies are clearly moving from investigating the impact of IIoT to a clear recognition of potential business value.<\/p>\n

Good safety performance directly correlates to good business<\/strong><\/p>\n

The traditional view of safety is that it is a necessary cost to the business at the expense of profitability.\u00a0 This asserts that safety measures are required to gain \/ maintain a licence to operate, procedures and processes required for compliance reduce productivity and increase costs.\u00a0 Fortunately, pioneering business leaders are realizing that good safety performance directly correlates to good business.\u00a0 As companies evolve to a \u201cprofitable safety\u201d way of thinking, there is a shift away from the traditional thinking of safety as a cost, to safety as a profit centre.<\/p>\n

LNS Research spotlight data strongly suggests the adoption of safety and risk management best practices lead to better operational performance across safety, reliability and efficiency:<\/p>\n