This post was originally shared on LinkedIn.
The industrial world is only at the beginning of understanding how real-time analytics provide crucial insights to deliver improved and more effective decision making, and it’s becoming more and more clear how this translates into increased revenue generation, new levels of performance, and overall tangible benefits for industry participants throughout a project’s lifecycle.
With the oil and gas industry focused on driving productivity and making the best possible use of its limited resources, efficiency and cost-effectiveness are of paramount importance to operators.
We know that low oil prices are here to stay, and have contributed to shape a new order in which cost and cycle improvement are at the foundations of building a sustainable and promising future for oil and gas.
To bring value back into operations, we are looking at making the best use of our resources, avoiding redundancy and waste. This requires technology that enables cost saving and, overall, leaner, more agile operations.