Artificial intelligence is now helping energy & resources companies to reinvent the upstream workforce and material supply chain with data-driven supply chain insights, intelligent demand forecasting, advanced logistics optimization and accurate predictions, while supporting the low-carbon energy transition. A paradigm shift is taking place as the industry embraces self-learning and self-optimizing models to improve the supply chain performance after facing unprecedented challenges from COVID-19.
There has never been a more important & critical time for Workforce Camp accommodation providers to have a concrete action plan in place, to win back the confidence of the guests and their clients. Maintaining high standards of safety, health and hygiene measures is going to be one of the significant challenges. It is essential to revisit the service offerings, continue planning for the future as well as take steps to drive faster recovery to stay competitive. Workforce Camp accommodation providers need to develop a comprehensive mitigation plan and digital strategies. It is highly critical to revamp revenue growth strategies by improving the services & offerings.
The global mining industry is facing unprecedented challenges from COVID-19, volatile commodity prices, and carbon neutrality commitments. Digital innovations on supply chain automation could provide the breakthrough for improvement in mining efficiency and productivity, lowering operating costs, and providing a safer working environment. Robotics Process Automation (RPA) tools and touchless technologies automate routine jobs, bring real-time visibility and control over mining operations. Automation also eliminates duplication of jobs, reduces operating costs, generates advanced data analytics, and frees up time for professionals to focus on decision making, solving problems, and improve communications.
The energy industry is going through a massive transformation aimed at delivering efficiency in operations to effectively function in the fluctuating demand and supply environment. This shift would necessitate new business models and process innovations across various disciplines - including logistics. Supply function stakeholders need to ask themselves pertinent questions regarding the logistics strategies and processes, and the collaboration models with charter airlines and helicopter companies.
The oil & gas industry is evolving fast in response to 'lower for longer' crude oil price levels, changing energy mix, decarbonisation and non-traditional competitors. Operators are challenged to generate more margins per barrel through technology innovations for economic recovery of oil and gas resources. Unmanned Aerial Vehicles (UAVs) or drones are utilized by oil and gas industry for remote monitoring, surveillance, inspection and predictive maintenance of critical infrastructure assets at onshore and offshore work environments. Emerging innovations in autonomous drones could realise cost effective cargo deliveries to offshore drilling and production units in the near future.
Gaining efficiency and lowering costs have become the unofficial mantras of the energy sector during the latest industry downturn. As the supply-demand imbalance dragged down commodity prices and profits, many companies have turned to technology to improve operations.
The growing complexity of land based workforce logistics and technology advancements are driving business process automation and innovations to optimize the supply chain. True digital transformation can be achieved through a paperless future with information exchanged on computers and tablets and digitally signed by stakeholders.
2016 was a challenging year for the Oil & Gas industry. Rampant supply, a weakening global demand, the slowing economic growth around the world were a few factors leading to the woes seen. However, these challenges for the industry present some excellent opportunities. Innovation has never been more critical in the oil and gas industry. The writing on the wall is clear; companies must innovate, or perish!
A common complaint in the Oil and Gas industry is that there is “too much of data and there is not enough information”. Leading Oil and Gas companies are now recognizing that valuable information is available yet remains untapped. The volume of data has been ever increasing. Concepts of digital oil field, new technologies and ubiquitous availability of broadband have added to the volume, variety and velocity of data.