With a growing push to integrate technologies like AI and ML into operations, businesses can forget to lay a solid foundation before rushing to implement the next best thing.

Successful digital transformation hinges on constructing a foundation to sustain and amplify innovation across generations of technological advancement by optimizing core aspects like data integrity, paperless processes, robust reporting, and accurate decision-making.

The stakes in this transformation journey are high. According to McKinsey research, poor maintenance strategies can reduce a plant’s productive capacity by 5-20%, while unplanned downtime takes an estimated $50 billion toll annually on industrial manufacturers. Additionally, the 2022 Liberty Mutual Workplace Safety Index revealed that the U.S. manufacturing industry faces over $8 billion in annual losses due to serious, non-fatal workplace injuries.

In asset-intensive industries such as oil and gas, chemicals, utilities, food and beverage, and manufacturing, where the margin for error continues to shrink as operational complexity grows, a pragmatic approach to digital transformation yields sustained benefits.

Download the eBook to find out how to improve data integrity through three fundamental strategies.