Digital Transformation, data analytics and machine learning. What do these latest trends have to do with oil and gas?

Digital Transformation, data analytics and machine learning. What do these latest trends have to do with oil and gas?

My answer will be everything.

As the oil and gas industry begins to recover from the deepest downturn in the last three decades, it now has the opportunity to embrace a new way of working, through digital transformation. However the transformation of an entire industry will not achieved through incremental changes, but rather by challenging the current business operational industry models. That said, now is the time to move away from an incremental gains mindset and embrace an ambition, to not only make exciting work efficient, but to transform work, itself. Digital transformation, driven by domain expertise and experience, creates opportunities to improve operational efficiency; improve asset reliability; and boost throughput and optimize field recovery improvements that benefit all industry stakeholders.

The level of integration and productivity that digital enablement provides requires a new approach toward knowledge sharing and trust. Companies that enable their employees to share the knowledge embedded in the data to its full potential will realize the greatest advantage from that data! This will require putting the right information, in the right hands, at the right time.

The Google Cloud Platform (used by Adlib as well) enables high-performance computing, remote visualization and development velocity. By scaling data processing workflows and using advanced algorithms, we can innovate faster than ever.

The digital future. In conclusion, what do we see on the horizon? We see a great opportunity for proven, reliable digital technology to be deployed and democratized in the oil and gas industry, changing the way we work. We see a higher level of efficiency, integration and accuracy, and new ways of using information. We see integrated systems based on digital infrastructure and a breakdown of domain silos through digital enablement. We envisage this digital transformation as a mandate for our future.

Source: http://www.slb.com

At Adlib Enterprise we speak to several experts and companies across the globe, regarding these industries. We can help you and your company move forward, so you can benefit the most when it comes down to digitalization.

Adlib delivers revolutionary Advanced Rendering technology to help Energy companies extract value from vast, unstructured silos of information like well log files, CAD diagrams, spreadsheets and more. Integrating with key repositories, Adlib provides the most holistic document transformation in the industry today, automating document processes from capture to classification and enabling Energy organizations to make critical business decisions.

I would like to talk to your as well so we can share our knowledge to help you all move forward!

Please send me an personal message, so we can dive deeper into your company challenges, when it comes down to digitalization within the oil and gas / energy industry.

Philippe Stevens

Mail: pstevens@adlibsoftware.com Mobile: +31 6 46 40 54 82 Web: www.adlibsoftware.com

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