A Study on the Plant Design Software on the Digital Transformation and MSME Entrepreneurs Emotions Towards Business Sustainability and Autonomy in the Energy Service Industry

DOI

10.2991/978-94-6463-162-3_26How to use a DOI?

Keywords

Plant Design Software; MSME Entrepreneur; Emotions; Sustainability; Autonomy; Energy industry

Abstract

The energy industry mainly covers Oil & Gas, Renewable energy, and Power, and the energy industry plays a vital role in society globally. Among this industry, as per McKinsey’s Global Energy Perspective 2022 [12] and global energy statistics and facts, more than 50% of primary energy consumption is through Oil & gas, and our society consumes Oil & gas energy for our daily basic needs. Oil & Gas industry requires plant design software to catalyze its optimization and growth. Plant design software builds the plant in 2D and 3D complete design (Design, Construct and Operate) from the process, Health Safety and Environment (HSE), piping, pipeline, Mechanical, Electrical, Instrument, and Civil & Structural. Plant design software utilizes innovative technologies, including Artificial intelligence (AI), Machine learning, the Internet of Things (IoT), Virtual reality (VR), and augmented reality (AR). To maintain business sustainability and autonomy, MSME Entrepreneur implements new technologies through digital transformation to have digital reality and optimization with high accuracy and precision. MSME Entrepreneur’s emotions play a crucial role in this plant design software implementation in the energy industry. This research reveals the plant design software utilized in the energy industry and MSME Entrepreneur’s emotions to maintain business sustainability and autonomy. Furthermore, suggest that the government could alter the current policies to support the PAN India program in developing plant design software to promote MSME Entrepreneurs in small and medium service business.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Marirajan Murugan
AU  - M. N. Prabadevi
PY  - 2023
DA  - 2023/05/10
TI  - A Study on the Plant Design Software on the Digital Transformation and MSME Entrepreneurs Emotions Towards Business Sustainability and Autonomy in the Energy Service Industry
BT  - Proceedings of the International Conference on Emerging Trends in Business & Management (ICETBM 2023)
PB  - Atlantis Press
SP  - 284
EP  - 303
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-162-3_26
DO  - 10.2991/978-94-6463-162-3_26
ID  - Murugan2023
ER  -