AVEVA, a global industrial software company, highlighted how the acceleration of the digital is transforming the energy industry in a post-pandemic landscape. Craig Hayman, CEO of AVEVA, speaks at CERAWeek 2021 for the rapid digital development of the energy sector to drive the transformation as workers were forced to adapt new digital tools for remote work, the status quo has changed significantly. Digital innovations that use predictive analytics to better anticipate the future, data to better inform current decisions in the here and now, as well as digitization and automation to achieve cost and speed efficiency, are driving the renewed growth of energy companies. Worldwide. Companies that have successfully digitized themselves already achieve an improvement in extended production by up to 2 to 10 percent and cost savings of up to 30 percent. The 2020 Digital Operations for Energy: Oil and Gas report found that the main barriers to implementing change are limited knowledge sharing (77%), inadequate digital education (74%) and a lack of digital talent (72 %). Regarding the lack of digital talent, KPMG’s 2019 data compiled from oil and gas companies found that Chief Information Officers (CIOs) believe there is business analytics expertise (47%), Big data / analytics (41%) is lacking. , Artificial Intelligence (37%), Cybersecurity (35%) and Enterprise Architecture (33%) Hayman found that industrial software “quickly enables and accelerates” the energy transition for various industries and additionally supports the efficiency and viability of the renewable energy sector. The current pandemic has shown companies around the world how reliably business processes can be changed almost overnight. “We have been in a pandemic for about a year.Initially, many large energy companies focused on investment and safety, so there was no room for error. On the OPEX side, the teams are trying to cut costs without increasing risk, “said Hayman.” We saw that five years of digital acceleration accumulated in just ten months and that people were regaining the tools to get their jobs done by collecting data and predicting when facilities will fail. “The Key to Survival In this pandemic, companies are using data to ensure that capital projects are carried out reliably. Hayman says the energy sector is going through a ‘total transformation‘ where trust, partnership and the human journey are of the essence Industry we are at the beginning of the journey: More transformative behaviors will follow and silos to be broken, “he said.” Even in times of rapid change, the two most valuable assets of corporate energy are still people and data “The integration of human knowledge and operational information, including the way we design, build. We and we execute assets to become more efficient, smarter and more sustainable. We believe that the future mix will be defined by what we call the three Ds: demand, digitization and continuous I have a break, ”said Hayman. Industrial technology is the key to a more efficient value chain in the use of resources and will support circularity and also enable the transition to renewable energies. bles and low carbon energy.Digital tools based on human knowledge can use embedded data and analytics to run the energy company of the future faster and more efficiently. That‘s why AVEVA works with leading EPCs and owners to enable efficient and intelligent processes. A new era of efficiency and profitability is looming for IDC in the oil and gas industry as the Internet of Things (IoT) gives the industry the advantage of improving business productivity and reducing costs, which is the rules of the game changes as it creates a new competitive advantage. .IDC predicts that investment in the Internet of Things will increase through partnerships with technology companies that have proven solutions to improve efficiency and profitability while combating risk and security threats. Critical success factors now are generating business value and increasing the return on investment (ROI leadership and the company must be established between IoT and oil and gas providers in order to achieve acceptance that is in line with the company’s goals. ”A As the markets The pace of change will accelerate as well, and potential profits will increase. The combination of information and artificial intelligence with human insights is critical to optimizing technology and operations to advance performance intelligence and support transition energy. “, concluded Hayman.
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