The energy industry has lagged behind in terms of digitization for many decades now. The silver lining to this is that they can now learn and benefit from digitalization and system engineering approaches from other industries. This minimizes their digital migration risks because they can also bring in people who are already experienced to implement the new methodologies. In this fourth and last episode, John Nixon of Siemens Digital Industries Software is joined by John Lusty, the Industry Lead for Energy & Utilities Industry Marketing at Siemens Digital Industries Software. They’ll share with us the impact that a systems engineering approach is expected to have on the energy industry. Today, you’ll learn more about why the lack of proper management tools is a leading cause of delays and cost overruns in major capital projects. You’ll also learn about how a system engineering approach would transform the energy industry. Additionally, you’ll learn about why big energy companies are opting to bring in experienced leaders from other industries.  What You’ll Learn in this Episode: The challenges of system engineering in major projects (00:37) Why the energy industry should adopt a systems engineering approach (04:09) The shortcomings of a document-driven approach (06:41) What big companies are doing to learn more about systems engineering (10:34) Connect with John Nixon:  LinkedIn Connect with John Lusty:  LinkedIn Hosted on Acast. See acast.com/privacy for more information.