The Pandemic reveals Digital Shortcomings of Unprepared Companies

Companies in the top decile performance had already been moving faster along their digital journey, long before the pandemic. Businesses that once mapped digital strategy in one-to-three-year phases must now scale their initiatives in a matter of days or weeks.

Posted: July 1, 2020

Oil and Gas

The Pandemic reveals Digital Shortcomings of Unprepared Companies

We have just emerged from a 2-month lockdown recently. As I was siting with a cup of coffee in a café while enjoying the outdoor breeze, I felt a sense of relief that things are now starting to get back to normal. It was like we had just completed a nation-wide remote working experiment in two months. Some companies have transited to large scale remote working smoothly while others experienced a very abrupt transfer. Without an already established digitalized operations, enabling the entire workforce to work remotely overnight was indeed a tall challenge, especially for companies still falling short with digital transformation.

Scaling digital initiatives in days or weeks
In a recent article from Mckinsey, it was mentioned that companies in the top decile performance had already been moving faster along their digital journey, long before the pandemic. Businesses that once mapped digital strategy in one-to-three-year phases must now scale their initiatives in a matter of days or weeks.


Years ago, Abu Dhabi National Oil Company (ADNOC) started their digital transformation initiatives as a means to build resilience and agility to help navigate across levels of uncertainty in a highly competitive market. At that time, ADNOC needed a way to integrate and align all their interdependent operations, to help identify new efficiencies, reduce costs and maximize profit. Leveraging AVEVA’s cutting edge technology and industry expertise, ADNOC created a Panorama Digital Command Centre – a fully integrated, real-time data visualization system that brings together more than 120 dashboards and 200,000 data points on one interactive 50m screen. This real-time operational view not only brings the facility to life, but also allows them to deliver meaningful operations, expense reductions through Artificial Intelligence and machine learning to prevent unplanned downtime and optimize operations, achieving a savings of $60M to $100M.


Prepare ahead to avert the next crisis
ADNOC’s relentless focus on digital strategy over the past years has helped retain greater agility as well as closer ties with its customers during this crisis. In light of rapid spread of the virus across the globe, remote working is becoming a necessity not only for business continuity but also for worker safety. Their Panorama Digital Command centre is now proven to be highly valuable and critical in responding to the challenges of market uncertainty and Covid-19. ADNOC’s Panorama Digital Command Centre enables workers to access real-time data and analysis through a secured remote environment, allowing them to continue operating and optimizing entire value chain remotely, anytime, anywhere.

Abdul Nasser Al Mughairbi, Head of Digital at ADNOC1, said: “With Panorama, we already have all the real-time data, including equipment monitoring, production monitoring, and a platform that provides regular reports on changes in the organization,” he said. “That continues, but now we have more customers because all of a sudden, with people working remotely, these reports become essential for the day-to-day running of the organization.”

ADNOC_SuccessStory_Email_Template_600x279

Don’t wait. Accelerate your digital transformation today!

As more countries began to lift their lock-down measures, we are starting to see reports of a second wave of Covid-19 cases. Nobody could predict how this is going to evolve over next several months but you could get your company prepared now by scaling up your digital capability today. Do not take any chances – the coming months could be a case of digital or disruption. Begin your journey today.


Resources:
Read the success story of ADNOC
Watch the on-demand virtual tour of ADNOC’s Panorama Digital Command Center hosted by Atlantic Council Global Energy Center.


Reference:
1. Karl Flinders, Emea Content Editor. “Flagship digital investment at Abu Dhabi’s Adnoc pays off”.Computer Weekly. 18 May 2020.

 

 

 

author
Written By
Eddy Lek

Eddy Lek is the Global Industry Marketing, Senior Manager for Energy. He is responsible for leading industry marketing campaigns in Oil and Gas. With over 15 years of experience in varying roles from sales to product management and marketing, he is a strong advocate for leveraging technology to improve efficiency and reduce waste. He has a MBA from National University of Singapore and an B.Eng from Nanyang Technological University.

Download the Whitepaper:  Digital Agility Forges Digital Resilience    

Related Blog Posts

Stay in the know: Keep up to date on the latest happenings around the industry.

Oil and Gas
The Pandemic reveals Digital Shortcomings of Unprepared Companies

Enabling the entire workforce to work remotely was a tall challenge for companies still falling short with digital transformation.

Oil and Gas
What's Next for Oil & Gas in Today's Industry Uncertainties

Read our blog to find out what's next for Oil and Gas in today's industry uncertainties.

Oil and Gas
Agility Beats O&G Market Volatility​

Agility Beats Oil and Gas Market Volatility​ - Value Chain Optimization can lower the risk and uncertainty due to market fluctuations during this unprecedented ...

Oil and Gas
How to navigate through Uncharted times of Challenge in Oil and Gas

Oil and gas industry has been hit by the pandemic. Safety, efficiency and operations continuity are critical for de-manning while optimising value chain.

Oil and Gas
The role of technology to face the challenges raised by the current oil price instability

Against the backdrop of the current global situation, this interview with Hege Dammen, Consulting Director for Digital Acceleration at AVEVA, focuses on the ...

Oil and Gas
Ensuring a Winning Strategy for Value Chain Optimization of the Refining and Petrochemical Industries

Learn how to ensure a winning strategy for value chain optimization of the refining and petrochemical industries

Oil and Gas
With oil prices fluctuating every minute, is your team equipped to capitalize on change?

Learn about the strategies and solutions to tackle the current economic challenges and have the capability to optimize your entire value chain.

Oil and Gas
Challenges of Achieving Value Chain Optimization in the Refining and Petrochemical Industries

Understand key challenges of value chain optimization in the refining and petrochemical industries to reduce risk and guarantee high adoption rate and optimal ...

Oil and Gas
2019 Hydrocarbon Processing Awards recognizes AVEVA

AVEVA was recognized by the best solution for Digital Twin and Operator Training, and also process optimization and plant operations optimization.

Oil and Gas
5 Tips to Make Digital Transformation easier in the Oil and Gas Industry

Undergoing digital transformation presents many challenges along the journey. It's essential to understand the issues you may face and how you can overcome ...

Oil and Gas
Maximize Oil and Gas Pipeline Efficiency with Integrated Digital Twins

How pipeline companies lean towards digital transformation to improve operational efficiency with AVEVA while enhancing the safety measures

Oil and Gas
$1 trillion to be unlocked in Digital Transformation?

Data is the foundation of Digital Transformation of Oil and Gas. Data feeds into predictive analytics, optimises process, predicts machine failures.

Chemicals
Are you ready to ride the wave of the petrochemical industry growth?

To overcome business and operational challenges, companies will need to increase their level of digital maturity through value chain optimization.

Oil and Gas
Understanding the Refining and Petrochemical Value Chains to Drive Optimization

Understand the complexity of the refining and petrochemical value chains to create a solid digital transformation strategy that optimizes the entire enterprise.

Oil and Gas
When Digitalization and Transformation are not Enough: Accelerate.

Market-disrupting industrial organizations differentiate themselves by transforming business through innovating and accelerating past the competition.

Oil and Gas
Optimizing my Refinery Blend is Much Harder than Baking Cookies

Refinery products are blended to get final products with desired quantity, quality and schedule specifications. However, rigorous planning, scheduling and ...

Oil and Gas
3 Steps to Maximising Pipeline Integrity

Ageing infrastructure is posing huge challenges for pipeline operators in keeping their pipelines running optimally and profitably in the face of increasing ...

Oil and Gas
How Can Predictive Analytics Reduce Unplanned Downtime in Oil and Gas Production?

Production can increase either by developing new fields or improving asset uptime in existing fields, but asset downtime due to facility maintenance – planned ...

Oil and Gas
My Car Has Predictive Analytics, Why Shouldn’t My Refinery?

Rebroadcast of Air Liquide's experience with predictive analytics and AVEVA

Oil and Gas
How Digital Transformation in Engineering and Design boosts Project Profitability

Low oil prices had sanctioned almost every large Exploration and Production (E&P) projects in the oil and gas industry. Today, with the recent recovery of oil ...

Oil and Gas
The Price of Optimizing Your Process Is Asset Reliability

Predictive maintenance (PdM) strategies enable front-line personnel to act before costly failures occur and maximize value throughout the entire asset ...

Oil and Gas
How Closed-loop Operations Enable Digital Transformation of Oil and Gas Fields

Today, the advancement in technology – cloud platform, analytics and computing power – is revolutionising the way how companies can leverage big data and ...

Oil and Gas
How Pipeline Operators are Working to Improve their Asset Reliability

Asset reliability is a key component of an overall asset performance management strategy. And it plays a big part in helping midstream oil and gas operators ...

Oil and Gas
Maximizing Midstream Profits with OT IT Convergence

Historically midstream oil and gas organizations have kept two critical functions within their businesses almost entirely separate – IT and OT. One of the ...

Chemicals
Operational Excellence: Likely the Most Overused Term in the Process Industries

Operational Excellence isn’t achieved overnight. It is a methodology that takes a commitment to focusing on continually improving the process, and its ...

previous next

Sign up for our newsletter and get all the latest information straight from the source.