3. Decentralization:
Centralized business operations are becoming more decentralized. A typical structure would have been hierarchical, with a collection of local operational centers feeding into a cluster hub reporting into a global control center. A new model is emerging with the innovation of software, facilitating improved collaboration and communication across multiple locations. This means that business critical decisions can be made on a company-wide scale, a functional benefit suited to those operating out of multiple locations. This structural shift will continue as businesses recognize the benefits. For instance, decentralized operations can focus on localized asset management, resulting in faster data processing speeds.
However, there are several sectors, such as oil & gas, that are bucking this trend and experiencing greater centralization. This is because it is logistically challenging and costly to build control centers at extraction sites offshore or in remote locations. So, control room management software must incorporate enterprise-grade, collaboration-ready features to maintain flexible workflows that can support remote working and remote situational management.
4. Software comes to the fore:
Display technology and visualization tools continue to play an important role in data management but it is the workflow software that crunches data in the background that is key to managing ever-increasing flows of data. Automated machines now have the capacity to run processes and dataflow systems and, over the next few years, we may see the incorporation of artificial intelligence able to learn and implement risk reduction protocols, significantly reducing the level of human intervention.