Close the Loop from Master data, Maintenance Strategy to Execution

By 2025, the global population is expected to exceed 8 billion people – and they all will need safe, reliable, and sustainable energy. Hydrocarbons will continue to play a dominant role in supporting the fourth industrial revolution for some time yet. The rapid growth of hydrocarbon alternatives, improved energy efficiency, and adoption of more sustainable lifestyle choices will affect the supply and demand sides of the value chain. The traditional value chain has many weak links; for many companies, it is disconnected and broken. They need next-generation technologies to deliver the next-generation value chain.

The path of hydrocarbon travels from extraction and production to the end consumer is transformed. Operations are changing at every link in the supply chain as companies adopt new and emerging technologies, digitize their enterprises, and streamline processes. This is more than just an energy company or even the industry; it is a full-scale revolution: Industry 4.0 borne out of a convergence of technology disruptions like big data, analytics, the Industrial internet of Things (IIoT), augmented reality, and artificial intelligence.

These mega transformation themes are:

The emerging circular economy requires oil and gas companies to find ways to reuse CO2
The emergence of global supply chains requires oil and gas companies to have complete visibility of demand, supply, and financial, maintenance and operation information in real-time.
New emissions laws and regulations require oil and gas companies to upgrade and maintain sustainable energy.

Speakers

• Hisham Gouda, Chief Solution Expert, SAP
• Hisham Gouda, Chief Solution Expert, SAP