Did you know you can save money - and potentially lives – by streamlining processes in the oil and gas industries? It’s true and industry leaders know it; in a survey, 79 percent of refining and petrochemical respondents said that “an operationally excellent mindset would result in a safer, more reliable and profitable organization.”
Safety initiatives are imperative in reducing risk. Yet, 70 percent of organizations fail to fully execute on their safety programs. Why? One, they operate in an incredibly complex operating environments across a multitude of internal and external partners. Change takes time and effort. Two, budgets to aggressively drive change management initiatives will always be challenged when maintenance activities consume 80percent of staff’s time and attendant budgets. More simply, they’re bogged down in the day-to-day activities of keeping plants and processes running.
Compounding the issue, today’s oil and gas leaders manage a diverse - and often disconnected - set of IT assets within a series of complex business and go-to-market strategies, across a highly distributed workforce. Production processes occur among a mix of jurisdictions, overseen by a variety of business units and IT groups. Supporting these processes are multiple systems of record that are often manually intensive, siloed, duplicative and error-ridden.
It’s no wonder that mission-critical enterprise data visibility and utilization are severely hindered. These legacy duplicate and siloed systems impede data access and, thus, operational clarity. The result is more perilous risk management and less-than-robust continuous improvement capability.
Successful business transformation demands information integration, a single source of intelligence and reporting, sophisticated analytics, and automated process orchestration. With these achieved they can attain continuous, risk, safety and performance monitoring. When core business processes are working well, new process models can be adapted that improve risk, operating and safety results.
Using advanced integration and automation strategies powered by digital solutions, leading oil and gas companies are able to drive core requirements and efficiencies in the data center—and out into the field. IT portfolio and enterprise architecture management creates transparency across applications, devices and technologies that support the business.
Digital transformation and Industrial Internet of Things (IIoT) technologies maximize operating environment knowledge, investments and process improvements. Together, these initiatives can save a business millions every year and can help to comply with health and safety regulations in the field.
When a leading multinational energy supply company sought to rein in fragmented risk and control operations, it opted for an automated, end-to-end solution that analyzes processes and produces a single enterprise source of truth. The company easily improved procedures with a unified dashboard representing collaborative modeling between business, IT, risk compliance and audit data. The system detects exceptions in real time, enabling immediate response and reduced consequence. It reduces risk and compliance audit time internally by 40 percent and externally by 20 percent
This is just one example of how Software AG can help oil and gas companies to streamline its processes and save.
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