Unlocking the power of digital transformation with "Do more with Digital"

Today, I’m excited to launch our global campaign, "Do more with Digital," dedicated to unlocking the power of more in industry. So, what does that look like in a world where resources are increasingly constrained? How do we do things smarter, achieving more productivity, more safety, and more sustainability? This is where digital transformation comes in.?

Unlocking the Power of More?

?In an era where maximizing resources is paramount, digital transformation offers unprecedented opportunities. Consider the device we all hold in our hands and rely on daily: our smartphones. Only a few years ago, these devices were merely tools for making calls. Fast forward to today, and our phones have become powerful, multifaceted tools that enable us to bank, create, communicate, play, perform, and much more.?

If digitalization can achieve this much with personal phones, imagine the potential it can unlock when applied to the industrial world.?

The Industrial Revolution 4.0?

Digital transformation in industries such as mining, pulp and paper, and metals can lead to remarkable improvements. In mining, for example, digital solutions can enhance safety and operational efficiency, reducing downtime and increasing productivity. According to a report by McKinsey, digital transformation in mining can lead to a potential economic impact of $370 billion per year worldwide.?

In the pulp and paper industry, digital technologies can optimize production processes, reduce waste, and improve sustainability. As per a study by Deloitte, companies that embrace digital transformation can achieve up to 20% improvement in operational efficiency.?

For the metals industry, digital tools can transform the supply chain, enhance predictive maintenance, and minimize environmental impact. A report from PwC indicates that Industry 4.0 could contribute $3.7 trillion in value to the global metals industry by 2025.?

The World Economic Forum reports that digital solutions can accelerate net zero in high-emission industries, delivering up to 20 percent of the total reduction that the International Energy Agency says is needed by 2050.?

The Path to Digital Transformation?

So, how do we achieve these transformative results? Companies today typically fall into one of three categories when it comes to digitalization: starters, stallers, and scalers.?

1. Starters are just beginning their digital journey. They recognize the need for change but may lack the strategy or resources to move forward.?
2. Stallers have started implementing digital solutions but struggle to scale these initiatives across their organization. They might face challenges such as lack of buy-in from leadership or insufficient integration of digital tools.?
3. Scalers are those companies that have successfully integrated digital technologies and are now reaping the benefits. They continuously innovate and adapt, staying ahead of the competition.?

?Accelerating Digitalization?

?To move from a starter or staller to a scaler, a clear roadmap is essential. Here’s how we can accelerate digitalization:?

• Assess and Plan: Conduct a thorough assessment of your current digital capabilities and identify areas for improvement. Develop a comprehensive digital strategy aligned with your business goals.?
• Invest in Technology: Invest in the right technologies that can drive digital transformation. This includes advanced analytics, IoT, AI, and cyber security.?

• Build Skills and Culture: Foster a culture that embraces change and innovation. Provide training and development to equip your workforce with the necessary digital skills.?

• Collaborate and Integrate: Work closely with technology partners, like ABB, and integrate digital solutions into your operations.?

?A Vision for the Future with Digital Transformation?

Imagine the incredible evolution of the smartphone, from a simple communication device to a powerful tool that has become indispensable in our daily lives. This transformation is a testament to the boundless potential of digital innovation. Just as our phones have empowered us to do more, we can harness this same power to revolutionize the industrial world.?

This is the future we envision - a future where digital solutions unlock new levels of performance and innovation. And at ABB, we are committed to helping you realize this vision, no matter where you are on your digital journey. Whether you're just starting, facing challenges scaling your initiatives, or already leading the way, we are here to support and guide you.?

To learn more about how you can do more with digital, click here: https://new.abb.com/process-automation/do-more-with-digital