"$600 million in U.S. shale infrastructure + 2,000 million well-feet drilled = 100s petabytes of relevant data."
Digital Oilfield Outlook Report, GE, Accenture & JuneWarren-Nickles Energy Group, October 2015
The Time is Now to Drive Efficiency
Digital transformation is taking place in every industry with remarkable speed and success. The oil and gas industry is no exception and the time is now to take advantage of technology to drive new efficiencies to automate, streamline not only the entire industry but the associated processes that have been up until today, very complex, labor intensive and manual. It’s also true that the oil and gas industry is paper intensive and the documentation required for every step in the process is immense.
With all of these challenges, the move towards digital transformation and “data driven” or “digital oil fields” will enable oil and gas companies to fully utilize historical structured and unstructured data to drive future business decisions. In order for companies to truly benefit, the goal of digital transformation is not to just digitize the data but to use the data to drive actionable intelligence and insight and to inform individuals at all levels of the organization.
Another critical component is the ability to streamline and automate various processes in the organization with the use of automated workflows and our BPM solution which will reduce the inefficient and manual processes so common today.
With integration, the data is enriched and transformed into actionable intelligence enabling teams to more accurately analyze trends across the organization and uncover operational risks and bottlenecks. Having the technology, infrastructure and platform for storing and managing both structured and unstructured data will help oil and gas companies in production optimization, HSEE enhancements and better labor utilization and drive real results.
Integrating and streamlining your processes and reporting across business units can be a time-consuming struggle that impact success. Actionable Intelligence Management solutions from AI Foundry can help empower your organization, streamline processes and inform business tasks. Some examples of where Actionable Intelligence Management (AIM) Solutions can help:
• Bid Process • Cost Estimation • Production Optimization • Job Requisitions • Maintenance Procedures