EPC 4.0

Digitalization is the foundation. Ten years ago most experts would agree to the thesis that first we shall define the processes, and then we select and define the corresponding IT solutions. In the age of Industry 4.0 we recognize that IT is developing new solutions and new opportunities at a speed that our business processes hardly can follow. We are too slow in evoluting our business processes to give them the lead; digitalization is the driver that imposes changes, sometimes disruption to the traditional business models. In other industries this is already reality, and we shall not principally exclude the same for the future in the EPC of industrial plants. The title of our initiative ‘EPC 4.0' is taking reference to Industry 4.0 as a ‘fourth' industrial revolution driven by (software) ‘releases'... The objective of our initiative was to challenge statements from prominent voices from investors, owners/operators as well as EPC companies to cut CAPEX by 40 to 50 %. Is this utopia,..

Primary location: Friedberg