“Automation will drastically alter the way companies work, and this potential makes it a top priority for many business leaders. Indeed, McKinsey research shows that up to 50 percent of work performed today can already be automated with currently available technology.¹ However, companies in the heavy industry sector (such as in energy, mining, utilities, and manufacturing) tend to struggle to set bold aspirations, develop robust business cases, and devise effective deployment approaches to take advantage of automation. Building these capabilities could help these companies capture benefits at scale, improve customer and employee experience, and build a long-term competitive advantage. Although an array of automation initiatives in the sector are targeted at physical processes that increase the efficiency of site operations, research indicates that nonphysical core processes have higher automation potential. Nonphysical core processes, which involve the collection, processing, and analysis of data, are more easily and effectively automated compared with their physical counterparts…”

Contributors: McKinsey & Company
Categories: SIG U Resource, Whitepaper
SRC Type: Artificial Intelligence, Disruptive Digitization