Social and Economic Network Management

Managing these networks is becoming increasingly complex as they expand and old infrastructure is replaced. Executives are also facing challenges as new forms of generation decentralized supply and today’s customers have radically different expectations of products and services. To remain in control, connected and relevant, embracing digital is essential. It is a deep integration of technology operations and behaviour throughout an organization. Before digital poor coordination across the enormous scale of our operations often caused unplanned oil well shutdowns and loss of revenue.

Now, there’s digital, there’s eclipse, SAP work manager, Enersite, ASAP 3d Visual Enterprise, head-mounted devices, invehicle monitoring systems and more.

By running a reservoir simulation using the Eclipse tool the output from eclipse along with the drilling schedule is fed into inner sight which helps manage the production forecasts, maximize value and enables me to build production scenarios. Later, managing the forecast in a hydrocarbon accounting system such as SAP upstream operations management while performing the plan versus actual comparison.

Embracing digital creates benefits that grow rapidly in a sustained manner. More than that, digital results in a full integration of technology, operations and behaviour. Today distributed energy is creating decentralized and increasingly complex networks at a rate that is difficult to predict and manage. With digital analytics and insights, utilities can maintain control of network changes and provide a stable platform for future investment decisions.

Today’s executives are facing glowing complexity with network supply, consumer demand and new technology. Moving to the oil field, maximizing production has long been a challenge.

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Using digital technologies we can collect data from multiple sources and aggregate it together and then using analytics can identify further optimizations. In addition, leading companies are looking at collaboration in the oil fields and they’re taking wearable technology and mobile devices and better collaborating with the onshore centres to maximize production. In assets and upstream and downstream, 3d scanning technology being used to create virtual representations of the asset that can be used for maintenance planning, maintenance execution as well as virtual reality training is seen. Next, digital technologies are being used in the already advanced remote operating centres.

They’re adding a new ability to collect multiple data sources as well as hyper scale to do advanced analytics when you take operations technology data and information technology data and merge them, one is hence able to optimize the remote operating centre. In fuels retail digital is creating value in many of the same areas that it is in traditional retail. For the marketers, it’s giving them a 360-degree view to customer and letting them do unique targeted offerings across an Omni-channel, it’s enabling marketers to hut them at different touch points for example – at the smart pump, it’s enabling marketers to do targeted offering at the pump and allowing customers to have a personalized digital experience through the smartphone. In the corporate sector these technologies are transforming the way that we do operations. Operations such as finance, HR, supply chain, marketing and procurement.

For example, IT is embracing cloud to get better agility and to reduce their cost, finance is embracing analytics to look for hidden sources of value, HR is looking at social and analytics for recruiting and retention and the call centres we’re seeing digital agents appear that are providing better service for a much lower cost so that operations landscape is fundamentally changing based on these digital technologies. This is how digital technologies can improve production, improve margins and drive cost reduction right across the industry. The digital revolution has first impacted companies in the retail and communications high-tech industries and it’s now impacting oil and gas companies.

Digital has the potential to address some of the industries key challenges. Working teams look at the key choke points to value and look at how digital can be applied to help address these choke points and the key challenges of the industry. Building scenarios using technology and bringing them to life in digital showcases for energy. Using cloud mobility analytics and big data, leading companies are creating digital platforms to manage these capital projects to manage the project plans, the engineering data and documents and to provide that information to all contractors employees working on the site. In addition leading companies are using IOT and track and trace technology to track and trace assets and people on site.