With the growing volume of data from assets and operations, there are significant challenges that asset-centric companies need to overcome to reap the benefits of digitization.
Aging Workforce and Knowledge Capture
An aging workforce is impacting a number of industries. Retirement of experienced workers is expected to create a skills gap. While younger generations of workers will bring new skills, it is crucial that the knowledge and experience accumulated by more senior workers is captured and made accessible to the new workforce. Inability to institutionalize this knowledge can be detrimental to the apprenticeship of younger employees. Preparing for this impending change by using digital technologies can ease the transition.