How data is the new oil
Data lakes, like oil reservoirs, are filled with vast industrial and economic potential. And much like how we dig for oil, we must wade through data reservoirs to find the hidden AI insights within. Thus, companies without a data strategy have no AI strategy!
In today’s episode of the Industry Forward podcast, host John Nixon, Global Vice President of Process Industries at Siemens Digital Industry Software (Siemens) will speak with William (Bill) Hahn, Director of Solutions Consulting at Siemens. These experts will discuss strategies to mine the insights from data lakes, how data can be as valuable as oil and the future of multidisciplinary AI for engineering applications.
In this podcast you will learn:
- 00:56 – Why we say “data is the new oil”
- 05:16 – How data density is like energy density
- 09:16 – How, with context, the insights you gleam from data are as precious as oil
- 10:31 – How ontologies build a multi-persona, authoritative source of truth
John Nixon – Global Vice President of Process Industries at Siemens Digital Industry Software
As Group Vice President for Process Industries at Siemens, John leads a global team that helps process industries leverage digital solutions that enhance efficiency, accelerate innovation and achieve sustainability goals.
John has over three decades of experience in strategy, operations and technology deployment for energy, chemicals, life sciences and CPG. He is well versed in the operational and business pressures of industry, including regulatory demands, decarbonization, talent gaps and the push for innovation.
William Hahn, Director of Solutions Consulting at Siemens Digital Industry Software
As Director of Solutions Consulting at Siemens, Bill leads the digital transformation initiatives for large enterprise clients across life sciences, CPG, energy, chemical and infrastructure industries.
Bill has over 18 years of experience in digital strategy development, systems engineering, and business process optimization. He specializes in end-to-end software development, and implementations, that aligning technology solutions with business objectives like risk management, compliance and operational resilience.
The Industry Forward Podcast
Join industry experts to explore the key trends, transformative technologies and real-world innovations that are reshaping fields from aerospace, industrial machinery and semiconductors to pharmaceuticals and beyond. Each episode delivers an in-depth discussion on the dynamic challenges industries are facing and how digitalization driven by AI, software and the comprehensive digital twin is meeting those challenges today and redefining the global industry of tomorrow.
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