City Scape

Achieving Digital Transformation Success in Asset-Intensive Organizations

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Original date: 
Saturday, February 22, 2020
Abstract: 
Many asset-owning organizations engaging in enterprise digital transformations aren’t realizing the expected value. Follow the money and you’ll see asset-owning organizations spending tens of millions (sometimes hundreds of millions) of dollars and the only clear winners are the solution providers and supporting management consultants. Why? Some approaches can lead their organizations further away from achieving their business goals. Ambitious digital strategies are great, but success is best achieved through technology and first-principles practices and decision-making. Paul Daoust will explore a digital transformation strategy that combines technology with asset management and operational excellence practices into an integrated operational management framework that works.
BoK Content Source: 
MainTrain 2020
BoK Content Type: 
Presentation Slides
Video
Presentation Paper
Asset Management Framework Subject: 
01 Strategy & Planning, 1.00 Strategy and Planning General, 1.02 Asset Mgmt Strategy & Objectives, 02 Asset Management Decision Making, 2.01 Capital Investment Decision-Making, 2.02 Operations & Maintenance Decision-Making, 04 Asset Information, 4.01 Asset Information Strategy, 4.03 Asset Information Systems, 05 Organization & People, 5.02 Asset Management Leadership
Maintenance Management Framework Subject: 
09 Information Management, 9.1 Information Systems
Author Title: 
Founder, Managing Director
Author Employer: 
Scio Asset Management Inc.
Author Bio: 

Paul Daoust has almost 30 years of experience in asset management and operational excellence in the energy sector.

As the founder of Scio Asset Management, Paul is declaring war on mediocrity and empowering progressive operational leaders to make better decisions to stop value leakage in their organizations through learning, coaching, advising services, and technology solutions.

As a director of PEMAC.org, Paul is a leading international advocate for asset management practices for industrial and infrastructure asset-owning organizations.