3 Ways to Improve Oil & Gas Industries’ Operations Through Digital Transformation
Although each industry has its own specificities, it is common to find some standard problems in Oil and Gas companies, mainly due to poor data management and contextualization. As main focuses, we can mention the difficulty in assertively inspecting the structural integrity of the industry, lack of complete understanding of the efficiency of equipment, and poor operational and worker safety. Therefore, knowing the recurrence of these problems, the following list shows how, through the digital transformation process, it is possible to minimize the consequences generated by poor data management, more specifically by applying Digital Twin technology to the operation [...]
The Importance of Asset Performance Management in Today’s Business Environment
Introduction In today's fast-paced business environment, maximizing the performance of industrial assets is critical. Asset Performance Management (APM) is the process of optimizing the performance, reliability, and safety of physical assets, such as machinery, equipment, and infrastructure. Effective APM can help businesses reduce downtime, improve efficiency, and increase profitability. In this article, we'll explore the importance of APM in today's business environment and how it can help you stay ahead of the competition. From identifying potential issues before they become major problems to implementing proactive maintenance strategies, we'll cover everything you need to know to get the most [...]
What is Process Safety Management
Intro The oil and gas industry is characterized by the exploration of oil and natural gas in extremely hostile environments generating constant risks to the staff, the environment, and also to the integrity of the plant. Offshore operations are marked by their high complexity, with many processes occurring simultaneously in tens of thousands of heavy assets. In this scenario, operational safety management has the objective of developing internal procedures in order to avoid accidents and provide assertive measures to decision-makers. What is Process Safety? As mentioned before, Process safety management is about developing efficient and effective safety management [...]
Why ESG concepts are totally related to digital transformation in industry
ESG (Environmental - Social - Governance) concepts have been gaining much attention in recent years. In collaboration with major global goals, such as the Paris Agreement and the SDGs, the concept focuses on sustainable growth, social responsibility, and transparent corporate governance. Turning these practices to the industrial ecosystem, it is possible to identify several challenges that obstruct the commitment to a net-zero operation, such as the extensive emission of greenhouse gases, asset failure, and non-optimal energy consumption due to operational inefficiencies. The emergence of digital transformation and digital technologies has opened up new opportunities for achieving optimal operational [...]
Unlocking the Potential: Exploring the Fascinating World of Digital Twin Technology
Digital twin is a technology that has gained great prominence over the past few years for generating amazing results. The technology emerges in the midst of a movement known as digital transformation, which has revolutionized the way companies relate to their customers, operate, and develop their products and services. What is a Digital Twin? Despite the big boom behind the digital twin the term was conceived in 2002 by Michael Grieves and has since been applied for different purposes. But how could we define a digital twin? Well, the technology consists of a digital [...]
Digital Transformation in the O&M phase
As industrial processes become increasingly complex, more data are collected by sensors and technologies from digital transformation. However, this gathered information is not always centralized and contextualized, making the process of asset integrity management even more difficult. The Fourth Industrial Revolution and the increased investment in new technologies by companies are constantly generating better results in their processes. One of the main gains from this is the improvement of the Operation and Maintenance phase of the industry (one of the most enduring stages of Project Lifecycle Management) with tools that keep up with the complexity of the operation and [...]
Data Contextualization to the O&M Phase
In the last 10 years, the amount of data generated by industries is the largest in history. Despite the growing digitalization of the sector, there is still a great need to contextualize this information to be effectively useful to the industry. In the contextualization process, three questions are fundamental for data processing. What is it? What is it for? and Who is it for? From this, a filtering process begins, the goal of which is to classify data as useful or useless. In addition, the contextualization process is also responsible for formatting the data into usable [...]
Real Business Value Through Digital Transformation
Digital transformation has been a must for many companies in recent years. The digitalization provided by the movement has attracted the attention of many managers trying to encourage transformation within their organizations. Despite being indispensable, not all companies are aware of the real gain provided by digital transformation. In this post, we will clarify the main points of change generated by the movement. What to expect from digital transformation Digital technologies are the main drivers of digital transformation. From the implementation of tools such as Artificial Intelligence, Cloud, and Analytics, companies had access to the necessary tools [...]
The 5 essential steps to implement digital transformation in your industry
Deploying a new digital transformation strategy in an industrial environment can be quite challenging. The process from analysis to the actual implementation of the new tool can take months, and go through the approval of dozens of people. To deal with this bureaucratic journey and achieve effective results, it is necessary to understand which path should be followed in order to minimize problems that may arise and make the process more fluid. Besides that, in the case of large industries, the insertion of new technologies in worker’s daily basis may represent a change in the routine of hundreds of [...]
The role of leadership in industries’ Digital Transformation
The innovation process within industry can be quite bureaucratic. Especially when it comes to large companies, implementing a new technology in the day to day of the workers represents changing the daily routine of hundreds of people, and this requires assertive and precise planning by those responsible for this change. In a scenario empowered by Industry 4.0, the exchange of paper for digital is already proving to be more than necessary to optimize operations and processes. Moreover, in industries that already use digital as the main tool, the need to improve and optimize processes with new technologies has also [...]
