26 Sep 2018
As highlighted in recent blog posts, a new wave of disruptive technologies are transforming the oil and gas industry including the cloud, social media, sensors, mobility, artificial intelligence, virtual reality, big data and analytics.
Core business processes are being re-platformed, bringing together transactions and analytics in real time to be smarter, faster, and simpler; supplier collaboration is accelerating growth and innovation, harnessing assets and the Internet of Things (IoT) to drive real-time insights and new business models leading to lower costs, greater efficiency and deeper customer relationships.
In an interesting development, Shell Global Solutions has recently announced a partnership with Microsoft to accelerate industry transformation and offshore innovation in its upstream and downstream businesses.
Under the deal, Shell will use Microsoft Azure’s C3 Internet of Things (IoT) software platform to drive efficiencies in all sectors, from drilling and extraction to employee empowerment and safety.
Using artificial intelligence (AI) and machine learning applications, the oil giant hopes to create substantial economic value across its entire business, leading to significant improvements in operational performance.
Shell executive vice-president for technology and CTO Yuri Sebregts said in a press release:
“Digital technologies are core to our strategy to strengthen our position as a leading energy company. Our collaboration with Microsoft gives us a solid digital platform to make our core business more effective and efficient and supports our ambition to provide more and cleaner energy solutions through technology.”
Microsoft Worldwide Commercial Business executive vice-president Judson Althoff said:
“As one of the energy sector’s largest and most prominent players, Shell’s wide-scale adoption of AI, machine learning and IoT technologies sets an example of how digital transformation can help the industry address resource challenges, improve asset performance and promote safety.”
Source - Offshore Technology