Lower for longer seems to be a familiar theme these days in the Oil and Gas Industry. Analysts acknowledge that the current state of global demand will continue into 2021. Organizations need to seek out new solutions that will deliver cost improvements in all areas of operations. Technology is the lever that will lead to further optimize all aspects of operations.
The deployment of analytical tools which enable machine learning and artificial intelligence at the edge will allow for cost optimizations of recurring activities such as scheduled maintenance or equipment inspections. The increased quality and frequency of data collection coupled with analysis of real time data at the edge will lead to a new realization of equipment behavior allowing operators to ensure optimal performance and improved energy use of mission critical assets. This introduction to real time analysis will make huge strides in eliminating unplanned downtime, a huge cost that impacts operation expenses.
The increased deployment of infrastructure to reduce operational expense may sound like an oxymoron but choosing the correct edge platform to support these technical deployments offers the solution. Platforms designed with both hardware and software geared to be easily installed and maintained enable the current IT support staff to increase network size while minimizing workload impact.
Corie Allemand is the Global Leader for Oil and Gas with Stratus Technologies, responsible for the go-to-market strategy and driving global business.
Scott Williams is a Solutions Architect at Wonderware West, helping companies design and deploy solutions using the latest technology and digital transformation strategies.