Oil & Gas
Oil & Gas
Oil & Gas
Oil & Gas
Market volatility and a global pandemic are driving a tighter focus on ways to squeeze profitability out of shrinking margins. Sub $60 per barrel oil prices are the new normal and, to drive growth, operators need to boost productivity, reduce risk, and meet regulatory requirements while keeping their teams and communities safe. And, they must do all this within a much tighter cost profile than historically required.
The industry has made strides, but challenges still exist – see how GE Digital can help you on this journey.
Cumulative improvements in reliability and availability across multi-site operations have resulted in additional production capacity equivalent to building a small refinery.
Reactive Maintenance can be up to 2-5x more expensive than proactive or condition based activities. Do you know where the waste is in your organization?
Improve management of both stationary and rotating equipment, while also streamlining maintenance planning, execution, and inventory management—in order to reduce maintenance costs and drive toward zero unplanned downtime.
Implementing Digital Twins is becoming a strategic necessity for many industrial companies. Although demand has increased, requirements and expectations have eroded, especially those of Digital Twin models.
Learn the basics of how Digital Twin models should be built, how to scale & implement these models on assets and systems to create a twin and discover best practices for how to leverage these twins operationally to Predict, Prescribe and Forecast performance degradation as a part of your reliability work processes.
Verdantix, an independent industry analyst firm, named GE Digital among the top vendors in its Green Quadrant Asset Performance Management Solutions 2020 report.
“When it comes to APM technology, several vendors offer functionality across multiple usage scenarios, but the reality is that more doesn’t always mean better. In fact, only two such scenarios are essential to APM: asset health monitoring and asset failure prediction. It’s here that GE Digital really rises above the rest, based on our detailed benchmark analysis they were the only APM vendor to receive a perfect score in both areas,” said Verdantix CEO David Metcalfe. “But these aren’t the only areas in which GE Digital sets the bar high. They also received market-leading scores for integration with industrial systems, inspection planning and solution architecture (assessed in terms of the range of deployment options, the consistency of the code base and the quality of integrated workflow).”
Hear from our customers
I think GE Digital in terms of the APM space was one of the early pioneers in the space. In my opinion, pretty much invented the space. And one of the key things for us was their ability to integrate, not only with SAP, but with some of our other third party tools that we use for data acquisition. And that was a key thing for us in terms of adopting the APM tool.
APM and Smart Signal are in the heart of the IMOM where we are getting real-time data from the plants. We are getting the historical data on assets from the ERP systems and all of this is embedded in APM in order to do analytics for future prediction of any expected failures. And that helps us to increase the asset life cycle, decrease the downtime of the assets, and have continuous improvement of our asset strategies.
Optimizing the performance of assets to increase reliability and availability, minimize costs, and reduce operational risks.
Standardize the collection, integration, modeling, and analysis of disparate data into a single, unified view.
Ensure asset integrity and compliance by monitoring changing risk conditions.