ShookIOT recently worked with one the most trusted midstream providers in the industry. As a Fortune 500 company, the organization strives to be the connection between energy and life through midstream services that improves their customers’ businesses, employees lives, local communities and investors’ returns. The company focuses on people (both their employees and their customers), strives for excellence, ensures all business is ethical and works to be good stewards to society in everything they do. The leading midstream company requested ShookIOT IIoT Professional Consulting Services and expertise to accelerate their digital transformation journey in operational performance management.
The Ultimate Goal
The midstream company wanted to improve their operational performance management and accelerate their digital journey to operational excellence. They were looking for an IIoT expert to help them to apply operational performance management, industry best practices and methodologies that included architectural design, data acquisition and ingestion, connectivity to applications and integration.
Professional Consulting Services & Impact on the Organization
With better operations performance management, the leading midstream company would create the necessary foundation to reduce costs, create a competitive advantage and drive organizational excellence naturally. The company wanted to collect, analyze and consolidate their operating data in a single, cloud-based, repository to revolutionize the organizations operations by enabling accessibility and analysis of far greater amounts of data, faster and more efficiently than before.
With the help of ShookIOT Professional Consulting Services, the company was able to design, develop, and implement the operational performance management plan and strategize to acquire their data (including “stranded data”) to collect, organize, monitor, store and analyze automatically.
ShookIOT Data Scientists and the client’s data scientists’ worked together to analyze data and develop models to improve operational performance management. The ShookIOT Professional Consulting Services worked hard to leverage the company’s existing investments and infrastructure to extract as much value as possible with what currently existed.
The operations performance management strategy and plan provided the leading midstream company with the required foundation to implement a robust digital transformation strategy and empower the organizations team:
- People from across the company will be able to see actual production versus budget for all wells, organized by field, well type, etc.;
- This data will give managers and engineers the information they need to prioritize well interventions in both the short and long term;
- Reporting could then be provided through active dashboards and data scientists can spend more time completing investigations rather than looking for or transferring data from multiple sources;
- Monitoring of the operations of the selected production facilities would be easily accessible and available;
- Analytics of operational performance using data from the solution could be managed better;
- Data scientists could use their specialized software to analyze data and develop models using data acquired and organized by the solution; and
- IT and Operations management personnel could then understand how the application would be rolled out and sustained across similar facilities and extended to different ones.
Together, the leading midstream company and ShookIOT worked to create an operational performance management strategy. By leveraging industry best practices and methodologies to accelerate the opportunities to benefit from IIoT through data-driven decisions in predictive maintenance, improved safety and other operational efficiencies. By using the Industrial Internet of Things (IIoT) technology, the company benefits from reduced cost, improved access to operating data for accelerating reporting and analysis, a new competitive advantage, and improved organizational excellence.
“Because of the way that we worked with ShookIOT, our company is able to see the benefits of IIoT technology. We see a way forward that we can perform predictive maintenance, improve the safety of our workers, reduce costs and have a clear picture of our operations”
– Company Vice-President
