(54b) Capital Asset Lifecycle Management (CALM) for Chemical Industry.

Capital Asset Lifecycle Management (CALM) addresses the challenges of greenfield and brownfield capital projects, such as rampant delays and cost overruns, often caused by lack of system interoperability, low labor productivity and a failure to embrace digitalization. These challenges negatively impact the operational efficiencies of plants and facilities for decades. According to McKinsey & Company, 98% of megaprojects incur cost overruns or delays, averaging a cost increase of 80% and delaying delivery by 20 months. In addition lack of accurate information results in operational inefficiencies through the life of the plant which is anywhere from 30-50 years. These numbers are staggering and provide a ripe opportunity for the application of Siemens solutions. In this session, you’ll learn about the industry's major trends and challenges while conveying the power of digitalization and demonstrating its value throughout the lifecycle of plant or facility. You’ll gain an understanding of Teamcenter for Capital Asset Lifecycle Management and how, through the dissemination of engineering and asset data, it can be used to spur your customer's digital transformation.