To achieve oper­a­tional integri­ty, com­pa­nies need access to dif­fer­ent types of data to improve deci­sions at the point of work exe­cu­tion.  Most oil and gas com­pa­nies inte­grate some data sources, but lack a true ​‘con­nect­ed assets’ plat­form to effec­tive­ly inte­grate data sources togeth­er.  They work around this lim­i­ta­tion by per­form­ing inspec­tions, gath­er­ing infor­ma­tion on spread­sheets and review­ing read­ings on pumps and valves.  This process takes a lot of time and effort and lim­its their abil­i­ty to improve per­for­mance across the plant or on the rig. This process is chang­ing, as new­er plat­forms and soft­ware eas­i­ly inte­grate data sources; enabling oper­a­tions with insight and alerts spec­i­fy­ing degra­da­tion in equip­ment before they fail, so that actions can be tak­en to min­i­mize downtime.

This pre­sen­ta­tion will pro­vide insight on the chal­lenges fac­ing the O&G indus­try in the area of con­nect­ed assets and how devel­op­ing a dig­i­tal trans­for­ma­tion ini­tia­tive can change think­ing to dri­ve val­ue across the enter­prise.  Exam­ples of suc­cess­ful cus­tomer ini­tia­tives will be dis­cussed, to show how some com­pa­nies are start­ing down the path of change, using tech­nol­o­gy com­bined with busi­ness process change to opti­mize oper­a­tions.  By devel­op­ing an enter­prise trans­for­ma­tion plan, O&G com­pa­nies can adjust to dynam­ic changes occur­ring in their indus­try and suc­cess­ful­ly nav­i­gate the hype cycles dri­ven by tech­nol­o­gy to improve deci­sions, process­es and ulti­mate­ly, operations.

Speak­er:  

Mark Pyatt, Glob­al Lead, Oper­a­tional Integri­ty, SAP O&G Indus­try Practice