Industry Insights

A Perspective on Cognitive Computing in Exploration & Production

Recent times have been quite eventful for Cognitive Computing (or Artificial Intelligence) technology with driverless cars, robots and virtual home assistants grabbing the headlines from the tech world. Of many capabilities of Cognitive Computing, it’s the ability to analyse unstructured data which has caught the eyes of the business world. Leading research firms estimate that […]

Upstream Petroleum

Exploration stamina!

“Necessity is the mother of invention!” The proverb is appropriate, but not sufficient, to describe the challenges of the Oil & Gas industry. Operators surviving in the “lower for longer” economy cannot invent themselves to growth. Innovation is key, where applying concepts and practices from other industries may make the difference between leaders and laggards. […]

Industry Insights

Benefits Of Blockchain Adoption In The Chemicals & Petroleum Industry

  Processing an invoice. It sounds so simple. One business records a transaction with another business for the delivery of goods and services per a contractual agreement. Every business does it, from the smallest mom-and-pop shop to the world’s most sophisticated conglomerates. Yet, the same issues with inefficient, expensive and vulnerable transactions that have existed […]

The Global Energy Sector: Innovate or Die

In a recent article written by Deborah Yedlin, of the Calgary Herald, the headline “Innovate or Die” aptly reflects the changes needed in the global energy sector as disruptors and incumbents grapple with technology and trial new approaches to deliver sustained business improvements and growth, amidst the uncertainty of oil prices. I agree that new […]

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Navigating the hype of Artificial Intelligence- lessons from the trenches

I have been tracking AI (Artificial Intelligence) initiatives, for the last few years, across the business sectors through conferences, readings, personal experiences and my network. There is a distinct pattern about the approaches firms adopt towards AI. Some firms jump headlong into their AI initiatives, letting the chips fall where they may. On the other […]

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Digital Reinvention™ is critical for chemical companies

Digital technologies are altering chemical companies’ operations, including research and development, manufacturing and supply chain. These technologies are also creating unprecedented levels of industry dislocation, with new entrants fundamentally changing the economics of business. To thrive, chemical companies need to digitally reinvent themselves. The IBM Institute for Business Value (IBV) examined the responses of 300 […]

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Advent of Cognitive and IoT in Process Manufacturing

Introduction Process Manufacturing – typically including refining, petrochemicals and commodities chemicals – has traditionally focused on stability, controllability and optimization. Advanced control techniques and information integration pushed operations closer to economic constraints while maintaining desired objectives around safety, stability and production. The natural progression in smart manufacturing has been to adopt advanced analytics and enhanced […]

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The value of cognitive / artificial intelligence to the Chemicals and Petroleum industry

In an environment where there is pressure to improve profits, cognitive computing / artificial intelligence (AI) can help Chemicals & Petroleum (C&P) organizations drive innovation, improve operational efficiency and make better capital decisions. The IBM Institute for Business Value has just published the report entitled “Cognitive Catalysts: Reinventing enterprises and experiences with artificial intelligence”. The […]

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Mobility – a promise of exciting possibilities in Exploration & Production

When was the last time you silently cursed a badly designed feature while using your email client, newly installed software at your firm, IVR menu of a call centre, your online banking system, your car or even your office coffee machine? Chances are it was last week —it’s another matter that you sucked it up […]

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The Oil and Gas Industry Digital Transformation

Much of the discussion I am having with clients from the four corners of the world is centred on the digital transformation of Oil and Gas and adjacent industries. Industry executives want to discuss how digital transformation can help deliver value for their enterprises as they search for new levels of performance and operational efficiency against […]

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Mastering the art of analytics: a Groundhog Day story of the exploration and production sector

Being data-driven is the new war cry of the E&P sector these days. Feverish frenzy around Digital and highly publicized business successes of the data-driven firms from the other sectors are driving most of the E&P firms’ fascination with Big Data, analytics or IOT these days. E&P leaders or senior executives, on their part, are […]

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Capturing value from blockchain in the Chemicals and Petroleum industry

In the industry cost-pressure environment, blockchain can drive substantial efficiency, fraud prevention and cost take out. The adoption of this technology will enable faster, permissioned, immutable, transparent and auditable business-to-business interactions between Chemicals and Petroleum (C&P) companies and their suppliers, distributors, financial institutions, or regulators. According to our data from the IBM Institute for Business […]

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Advancing Chemicals and Petroleum intelligence through cognitive

Volatile energy prices, rising research and development costs, manufacturing inefficiency, and safety and compliance concerns are causing upheaval in the Chemicals and Petroleum (C&P) industry. As a result, these companies must find more innovative ways to cut costs and increase revenues. While the industry has access to a tremendous amount of data from sensors, incidents, […]

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Digital transformation of oil and gas industries through cognitive technology

We are living in an age where all around, there is massive technological disruption, much of which is fueled by the explosion of data and what we do with it. With the millions of sensors that are connecting products to machines, and to humans and the internet – the era of cognitive computing has arrived. […]

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Innovate or Replicate?

After reading multiple articles over the past few months on Innovation, it got me thinking about the last time I saw something I could truly say was innovative. Cars all follow a similar ergonomic design; Apple and Samsung have been fighting for years about devices that have the same look and feel, the list goes […]

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