Due to escalating costs and the need for more effective operational processes, the Oil and Gas Industry is experiencing a tough environment. Finding, extracting, and producing oil & gas is becoming even more challenging than ever before but luckily the IIoT (Industrial Internet of Things) wave is creating solutions to make these obstacles a thing of the past.
With TrendMiner’s self-service advanced analytics, new approaches are available to improve operational efficiency and help save on efforts, time, and costs. It ensures a competitive advantage by providing real-time information, predictive maintenance, people and asset security and machine learning based analytics and prediction.
Recently, Software AG hosted an Exclusive Networking Round Table where TrendMiner demonstrated how our self-service industrial analytics platform allows engineers to analyze, monitor, and predict process and asset performance in their operational context to increase overall profitability.
Topics discussed included:
Practical use cases for the oil & gas industry
Root cause analysis (via live demo)
Early warnings based on monitors (via live demo)
Predictive Maintenance for heat exchangers (Customer success case)