The challenge of producing more industrially with less

Last week The Oilholic had a hectic, but fruitful and amazing trip to AVEVA World 2023 in San Francisco. Much of the discussion at the event was about one profound question - how to do more with less for the energy and industrials complex, and finding answers via the deployment of technologies such as artificial intelligence (AI), industrial internet of things (IIoT), digital twins and enhanced data analytics. 

From the standpoint of the hosts - industrial software solutions and consulting firm AVEVA - the pathway forward is all about creating a connected industrial ecosystem. One that offers a gateway to an unlimited world of data analytics, including third party analytics, with everything focused on one key priority - how to efficiently, safely and diligently improve throughput whilst using less energy and resources.

AVEVA's corporate take goes along the lines of "working to build a new industrial ecosystem, defined by agility, resilience and sustainability. By connecting [clients'] teams with trusted information and insights, powered by the cloud, and finding new ways to deliver life’s essentials – while driving responsible use of the world’s resources."

You deploy solutions to do that, and by default you lower your carbon footprint - a mantra this blogger saw repeated often by the company executives from the exhibition floor to the main auditorium, from keynotes to panel discussions, and much else in between. 

While AVEVA's age-old business mainstay may well have been in the oil and gas business, today it provides software solutions for most segments of the global commerce and industry all of which are under pressure to lower their carbon footprint. In keeping with this, the event had several breakout streams and content on a range of subjects. 

These included sessions for process industries (chemicals, pulp and paper, manufacturing, etc.), infrastructure, power and utilities, and of course oil, gas and energy. Each of these touched on advanced solutions and practices for improving efficiencies and finding that low to zero carbon horizon. And if numbers are your thing, we're talking more than a dozen industry tracks, keynotes, and an immersive expo.

There was also plenty of chatter on deriving multifaceted value from AI, and viewing it as an ally or enabler rather than a threat. Both AVEVA and its customers, including the likes of Mitsubishi Power, Yinson and Henkel, appeared to be pretty candid about the constructive deployment of AI. Read more about it in The Oilholic's latest Forbes post here. 

In summation, to quote AVEVA CEO Caspar Herzberg (pictured here at an analysts' briefing on October 25, seated third from left): "The true benefits go beyond the numbers: connected digital insight and technologies enable you to turn volatility into commercial opportunity by transforming industrial production into digital insights, so you can boost efficiency, resilience, and sustainable impact, and realize your boldest aspirations."

Part of being bold or having bold aspirations - especially for the energy, oil and gas sector - is embracing the technological solutions of our age provided by the likes of AVEVA, and of course, its peers. Going by the interest AVEVA's software products suite generated in San Francisco and the number of energy players in town, The Oilholic reckons that the message is cutting through big time. Well that's all for now folks. Keep reading, keep it here, keep it 'crude'!

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© Gaurav Sharma 2023. Photo 1: AVEVA logo at the AVEVA World 2023 Conference, Moscone Center, San Francisco, US. Photo 2: AVEVA World 2023 Expo Floor. Photo 3: AVEVA CEO Caspar Herzberg (third from left) speaking at an analysts' briefing at AVEVA World 2023. © Gaurav Sharma October 24-25, 2023.