Digital Transformation


  

How AI is Helping to Transform the 5 industries?

The world is changing at a rapid pace with Artificial Intelligence (AI) being at the forefront in this scenario. From smartphones to chatbots, AI is already ubiquitous “AI can enable humans to focus on the parts of their role that add the most value.” – Anonymous. Today many companies are investing heavily on AI and Big Data, and believe that these technologies will help in digital transformation. According to the survey by IDC, AI represented around 12$ billion investment in 2017. What is AI? Before we deep dive further, let us understand what is AI? For many people even today, it seems unclear what this technology is all about. AI is a branch of computer science that deals with the intelligent behaviour of machines. Importance of AI “AI is a boon bestowed upon us and it will positively a...

A 2020 Guide to Procurement Management

What is a procurement process?  A procurement process, in all its essence, is a series of activities and processes that the organization performs to acquire necessary products and services from the best suppliers and at the best possible prices. The products and services acquired can range from raw materials, office equipment and services, office supplies, furniture and facilities, technical setup and support, to telecommunications, testing, training and business travel services. As a function, procurement is an inevitable aspect of an organization. It takes place even if there is no formal set up in works for it. To operate on an everyday basis and assist the growth and performance of the organization, a business has to obtain or “procure” products and services from external suppliers or ...

What Is Software-defined Networking (SDN) And How Has It Revolutionised The Networking Industry

The term Software-defined networking (SDN) was invented to differentiate the concept from the hardware-based category. SDN is a category of technologies that divide the forwarding plane from the network control plane to facilitate more automatic provisioning and policy-based administration of network resources. Software-defined networking has come to indicate the variety of dynamic configuration that necessitates whenever software-based services in an information center network are made available via an Internet Protocol (IP) address. Why Was Software-defined Networking (SDN) Introduced? In recent years, SDN or Software-Defined Networking has emerged as the next big thing in the networking industry. Given all the hype on softwarization and virtualization, where are we now? Traditional netw...

Creativity in the age of data

We speak a lot about disruption and evolving every simple idea into an innovation that the industry and consumers can remember. And while ideation is the foundation of successful disruptions, creativity is not enough to take these ideas to the next level. All entrepreneurs and products that have taken the market by the storm have one unifying factor: data. Truly, what a time to be alive, and witness the fourth industrial revolution unfold right in front of us! Many studies report that the world has changed the most since its inception in the last 23 years, and data has been the foundation of this speed of evolution. As consumers prioritize convenience over everything, enterprises are steadily adopting digital first strategies to align themselves with such consumer demands. Their affinity f...

Entrepreneurship and Innovation:

In the age of the fourth industrial revolution, no enterprise can survive without intelligent tech intervention. Rather, it would be better to say that digitization and digital transformation have transformed the job landscape altogether, especially in India. AI, ML, deep learning and IoT are not just terminologies anymore, but core skill sets that decide the candidate’s competency in IT. The more they know, the better job prospects they’ll have. A recent report by WEF also states that more than 7.1 million jobs will be lost in the next few years, owing to redundancy and automation, but more than 2.1 million jobs will be created in line with computing, engineering, and mathematics. Future workforces, thus, will not be driven by capital, but by talent. The next decade, thus, looks promising...

Rig Automation, connected devices, and real-time data analytics are pushing the barrier for drilling optimization systems

Automated mechanics & steering, which can be termed as “rig automation,” is now increasingly being extended to address downhole conditions, advancing drilling optimization across the complete process through understanding the subsurface and its interactions with the downhole drilling system penetrating through the rock, the drill-string carrying power from the rig, and the drilling fluid system.  An automation console is designed to maximize drillers’ responsiveness towards maximizing the rate of penetration (ROP).  Drilling ROP optimizing software has already delivered significant improvements using the algorithm based on the real-time surface and downhole measurements and parameters of the top drive, drill-pipe, mud, and bit that quickly and reliably detects minute changes in actual ...

Digital Twins in the Power Generation Sector

At the just concluded Bentley Systems’ YII 2019 conference in Singapore, Sargent & Lundy were among the finalists in the Power Generation category.  Andy Chatha, President and CEO, ARC Advisory Group interviewed the team from Sargent & Lundy: James Stirk, Senior IT Manager; Krunal Patel, Structural Engineering Manager; Medhat Wagdy, Senior Project Specialist; and Edward Hanko, Design Manager. Project Background and Execution In 2018, Tampa Electric Company (TEC), an Emera company, initiated a modernization project for its Big Bend Power Station located near Apollo Beach, Florida, to convert existing coal units to an efficient gas-fired combined-cycle facility.  This project was initiated to continue providing safe, reliable, and cost-effective power to its customers while meeting g...

‘Validating Quality’ to ‘Engineering Quality’ – A paradigm shift

‘Validating Quality’ to ‘Engineering Quality’ – A paradigm shift Author: Srinivas Yeluripaty, Associate Vice President, Infosys Ltd., With digital disruptions sweeping the world, ‘change’ is the only constant and industries across the world are grappling with ways to meet the ever-evolving expectations of key stakeholders, especially ubiquitous consumers. This is reshaping the expectations on IT that plays significant role in supporting enterprises in their digital business transformations. To achieve this pace and flexibility, organizations are increasingly adopting agile methods and DevOps principles. The quality functions, which test and certify the software and products, are undergoing significant transformation, and they need to shift their focus in creating be...

Digital Transformation of Tank Farm Automation

Digital Transformation of Tank Farm automation for Oil Movement and Storage builds on the legacy of established best practices.  It is essential that digital automation applied to oil movements and storage be compatible with the important refinery and terminal infrastructures and be compatible with various software packages and stakeholders throughout the operation. What would be the ideal best performing tank farm oil movement automation system?  What functions would it have?  Storage tanks and auxiliary equipment and instrumentation are expensive assets that provide surge volume for the transition of batch crude oil receipts, and batch finished product shipments while the refinery operates continuously for years at a time.  In contrast to large refinery tank farms, there are many smaller...