Even as prices for oil continue to fluctuate around market lows, for much of the Oil & Gas industry the challenges being faced are far broader; skilled labor challenges in
some regions, sustainability, corporate social responsibility and pressure to improve safety are among the major trends.
In this environment, Operational Excellence emerges as a key initiative. One of the most cost-effective programs a company can undertake to drive Operational Excellence is Asset Performance Management (APM). The axiom that “healthy assets are the
foundation of a healthy business” is truer now in the Oil & Gas industry than ever
This LNS Research Spotlight addresses industry challenges that companies are struggling with to gain the maximum return from their APM investments and asset health. Some of these challenges include:
- Understand how the digital technologies will transform the industry and what the advent of Smart Connected Assets means to an organization’s pursuit of Operational Excellence.
- Determine which new technologies have the most benefit in their particular position in the Oil & Gas value stream.
- Develop the business case to invest in appropriate technologies to enable the deployment of Smart Connected Assets.