Asset intensive companies are increasingly dependent on technology to drive value in their business. This technology ranges from automated control systems on a wellhead or processing plant to planning, scheduling and safety management systems at the enterprise.
Most organisations have complex and geographically remote operations with centralised teams to coordinate functions and processes across the value chain. Some have progressed towards intelligent assets that have the ability to operate autonomously and monitor their own condition.
The selection of operations technology depends on the business problem, the size, complexity and maturity of the operation, and the technologies already deployed.
Operational excellence can be accelerated through the targeted application of proven practices and technologies. Leading operators are combining powerful analytics with large and often live datasets algorithms feed automated decision logic and provide insights to enable people to make smarter decisions.