The Value of Automation: The Best Investment an Industrial Company Can Make

9780876640920: The Value of Automation: The Best Investment an Industrial Company Can Make

Industrial automation systems have the potential to be one of the most value-generating vehicles available to industrial companies. Unfortunately, not all managers of industrial companies perceive automation systems that way and few industrial automation systems actually provide the value they could and should. There are a number of reasons for this such as:

The value provided by automation systems is not well-measured;

The value provided by automation systems is not visible;

The capital budgeting process of most industrial companies is flawed; and

Project engineering teams are typically not measured on the incremental business value of their projects.

The result is that many automation systems are undervalued and underutilized and many industrial companies are underperforming. It is in the best interest of all parties involved with industrial automation systems that this situation is rectified, the latent capability of automation systems is activated and the value potential is realized.

Drawing from 35 years of experience, the author examines the shortcomings in the current industrial business practices that have resulted in the underutilization and under appreciation of industrial automation systems and will provide prescriptions on how these shortcomings can be overcome.

Adhering to the changes recommended in this book may make this the most valuable book you have ever read!

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About the Author:

Peter Martin, vice president of business value consulting at Schneider Electric, joined The Foxboro Company in the late 1970s and spent most of his career working at Foxboro, Siebe, Invensys and Schneider Electric in project engineering and management, training, marketing, consulting and strategic planning. He also worked for Intech Controls Corporation and Automation Research Corporation. He has authored or coauthored five books and has been a contributing author on three others. He has writ-ten dozens of published articles and papers on industrial control and automation. He has multiple patents related to real-time business measurement of industrial businesses. He is an ISA Fellow and received the ISA Life Achievement Award. He is a member of the Process Automation Hall of Fame. He was recognized as a Hero of U. S. Manufacturing by Fortune and as one of the Fifty Most Influential Influencers in Control by InTech magazine. He has a BA and MS in Mathematics, an MA in Administration and Management, a Master of Biblical Studies, a Ph.D. in Industrial Engineering and a Ph.D. in Biblical Studies.

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