Drilling optimization, well and reservoir management, and simultaneous exploration and production remain a focus for profitability. The industry has applied digitalization and made great strides towards the smart field or intelligent energy vision, encompassing operational, environmental, safety and HSE aspects. Difficult or dangerous to reach locations have led the industry to implement remote monitoring and operation. Under pressure to reduce carbon footprint, the industry engages in research on carbon compensation and neutrality schemes as well as sustainable energy sources. In addition, profitability pressures are compelling companies to leverage asset-based information models to improve asset integrity, reliability and maintain process safety.
ABB’s digital strategy is to provide a solution to bridge the gap leveraging the state of the art industrial analytics and AI technology. ABB Ability™ Genix Industrial Analytics and AI Suite is a three-layer configurable technology suite that complements data with ABB’s domain knowledge, associated services and apps.
ARC Advisory Group estimates that Genix can contribute to better business outcomes, reduce environmental footprints and social impact, and in particular:
- Lower maintenance cost while improving reliability and lowering operational risk
- Improve asset integrity, as well as occupational and process safety
- Lengthen useful equipment life and reduce capital expenditure (or provide more options for capital expenditure)
- Lower operational cost and improve energy efficiency and sustainability
- Increased throughput, revenue and/or profitability
Read this paper to learn what an advanced analytics and AI solution such as ABB Ability™ Genix Industrial Analytics and AI Suite can do for your operation.
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