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Analytical solutions VS Data Analytics - What are the differences?

Analytical solutions VS Data Analytics - What are the differences?

As the industry evolved, new buzz words are being used to describe new techniques and methods to support the decision-making in the asset performance management area. Two key (and very similar) terms can lead to confusion - Data analytics and Analyti ...

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It is about Evolution, not Revolution!

It is about Evolution, not Revolution!

One of the biggest misconceptions about simulation and modelling is that one needs to add all information before getting useful information as a payback. I strongly disagree! It is about Evolution, not Revolution! Models can yield useful informati ...

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Who is needed to perform a RAM Study?

Who is needed to perform a RAM Study?

In the last post, we discussed what is needed to perform a RAM analysis. Today’s post will try to answer - Who is needed to perform a RAM Study? Just as with our previous post as the asset stage changes, the requirements of the people involv ...

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Day One Strategy: Asset Performance Management (APM)

Day One Strategy: Asset Performance Management (APM)

There is no room for mistakes in the oil and gas industry today - Investments must be placed in the right area since day one. This statement is true during the design-phase and Operations and Maintenance phase. It is no big news to anyone that margin ...

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