Having just come off the high of attending a record turnout at the 21st ARC Industry Forum I wanted to summarize some of the key highlights on IIoT and analytics that I saw (would be interested to learn what others’ takeaways were) in Orlando during the week of February 6th through 9th. There was just too many interesting and informative sessions and individual presentations to cover in just one blog (and am sure some of my colleagues will be blogging on these topics and more in the coming weeks) but these are just but a few of the takeaways I had:
- Shamelessly I will plug my own presentation during the session titled “Leveraging Smart Field Systems to Create Value” in which I discussed how smart sensors are the “tip of the spear” in empowering IIoT-enabled solutions to provide real business value in process industries (or pretty much any industry for that matter) since it is only through good, reliable, robust and accurate sensor data from which IIoT-enabled solutions can be more fully leveraged in striving for operational excellence. Speakers from Petronas and Phillips 66 also presented on how smart sensors and smart field systems can have positive operational impact on their respective refineries.
- My colleagues Mike Guilfoyle and Peter Reynolds managed a packed-out session on Analytics Selection Workshop: Navigating Industrial Analytics that discussed the categories of analytics; building blocks of analytics systems; some detailed discussion into applied analytics; and applications, platforms and the role of microservices. There was coverage of distributed analytics and the role of edge analytics architecture. The concept of distributed intelligence analytics and analytics computed locally versus analytics computed at the edge. Fog analytics and how it operates and the benefits provided therein was also discussed. Probably the most interesting part of the discussion on the difference between predictive and prescriptive analytics, as well as more a deeper dive into predictive plus advisement, predictive plus automation, and predictive plus optimization. The workshop closed out by providing ARC’s criteria for analytics selection and recommendations for users to consider when investing.
- Mike Guilfoyle managed a session on Transitioning to the Grid of Things: Visibility, Communications, Analytics, and Security that highlighted grids are the ultimate machines comprising an expansive infrastructure with plethora of sensors and lots of challenges that IIoT and analytics, including at the edge, can help resolve and ultimately empower new service pillars of the modern grid including communications, visibility, security and analysis. Guilfoyle outlined the new normal in which customers and culture, not utilities, drive the pace of change and that real-time, two-way, and exception based operations will become table stakes in the future.
- Rick Rys managed a near-packed session on Drones for Industry and Commerce in which he provided an overview of the drone market size today and forecast by 2020, some highlights on the larger application markets today, some top-level results based on an ARC survey, an overview of some of the key market trends and market dynamics that are helping to share the future of drone adoption. A speaker from Oceaneering discussed the use of unmanned aircraft systems (UAS) in the oil & gas market and how Oceaneering is leveraging UAS for infrastructure and maintenance inspection, surveying and GIS data applications, environmental and regulatory compliance, emergency response, safety. Coverage of oil & gas UAS standards was rather extensive. A speaker from the FAA’s Center of Excellence for UAS Research outlined how UASs will change our lives, the challenges they will face in doing so, and overview of relevant ASSURE research projects, and summary thoughts on challenges and opportunities facing this emerging market.
For anyone that was unable to attend the ARC Forum I recommend you keep an eye out for when the presentations (and later on videos) of the presentations and sessions are made public. Or if you cannot wait then suggest you reach out to ARC to discuss ways in which we can help you to benefit from the plethora of great presentations, workshops and follow on panel discussions
About ARC Advisory Group (www.arcweb.com): Founded in 1986, ARC Advisory Group is a Boston based leading technology research and advisory firm for industry and infrastructure.
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About the Author:
As a senior analyst at ARC, Tim's research primarily focuses on upstream oil & gas automation as well as Digital Oilfield technologies.
Tim's focus areas include upstream oil and gas operational activities in support of the Digital Oilfield including multiphase flow metering, oilfield operations management systems, artificial lift optimization, leak detection systems, drilling optimization, compressor and turbine monitoring & controls, and general field devices such as radar and ultrasonic level measurement devices, and pressure transmitters, among others.