Operational Monitoring technology directly observes and controls power equipment and functions to improve plant productivity. This type of smart technology features sensors and software that allow plant operators and managers to collect key system performance metrics at periodic intervals.
Before operational monitoring technology, most power and energy facilities did not have a single solution to monitor every piece of equipment within the plant, making it nearly impossible for operators and engineers to collect and assess performance data. By integrating new digital solutions into the process, Industry 4.0 technology gives plants the capability to:
● track production metrics, such as KPIs and OKRs
● increase workflow visibility
● locate system vulnerabilities and security threats
● enable more sustainable operations
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Philip L. Fioravante, Ph.D. is a well-rounded business executive and Professor of Marketing. Dr. Fioravante currently sits on numerous academic and corporate boards for both private and public companies. He also is a guest speaker and participant on industry and academic panels. In addition, he has published several peer reviewed articles in the areas of corporate philanthropy, the value proposition of strategic philanthropy, and leadership – strategy and innovation and published a book on Philanthropy and its Role in an Organization’s Performance.Dr. Fioravante has a B.S. in Applied Engineering Sciences – Manufacturing Engineering from Michigan State University, MBA – International Business from Wayne State University (Detroit), an Advanced Executive Program Certificate – Strategy & Technology from MIT and his Ph.D. in Organizational Management & Strategy from the Business and Technology College at Capella University (Minneapolis). He also earned an Executive Scholar Certification – Growth & Innovation at Northwestern University – Kellogg School of Management.
