CALGARY, Canada — July 27, 2017 — With SAP’s new digital innovation system Leonardo offering businesses around the world an integrated platform to emerging technologies such as automation, machine learning, the Internet of Things and blockchain, the Ideation Centre at SAP Canada today releases a series of whitepapers that explains how the Canadian oilpatch can take advantage of digital transformation.
The 5-volume whitepaper box set – entitled Digital Oil and Gas – was authored by the Ideation Centre’s Alberta-based oil and gas experts Matt Smith and Ryley Kornelsen. Volume one – The Transformation Imperative – kicks off the series by reviewing the global energy industry through a Canadian lens and identifying the opportunities and threats the country’s oil and gas companies face.
The following four volumes go into detail about why the industrial internet of things, machine learning, automation and blockchain will be key technologies in helping Canada’s energy companies adapt to a lower-price oil market and prepare themselves for the digital future.
SAP Leonardo, unveiled at SAP’s SAPPHIRE NOW conference in May, is essentially a toolbox made up of revolutionary technologies – including those covered in the Digital Oil and Gas whitepaper series – and services that is helping organizations holistically and sustainably realise digital transformation.
Matt Smith said: “Oil and gas stands to benefit from the advancement and merging of several exciting and hugely useful technologies as much as any industry. The industrial internet of things, for example, will prove highly valuable in capturing data from sensors on assets and turning it into insights and actions. Add machine learning to the mix, and the potential for robotic automation in the field is enormous. Elsewhere, blockchain looks set to transform how communications and administration is done across the oilpatch.
“Oil prices continue to move erratically up and down, leaving investors and observers wondering about the short- and long-term future. Further headcount reduction and supplier cost pressure won’t be enough to deal with the downside risks. Instead, structural cost change is needed, and Canadian energy companies should take advantage of the full range of emerging technologies to enter a new era of digital-led production. It’s a critical moment for the industry, and all producers have big decisions to make.”
The Ideation Centre’s mission is to help Canadian leaders develop a deeper understanding of the digital forces driving the economy today. Through whitepapers, videos and other content, it brings forward made-in-Canada fact-based arguments that challenge Canadian decision makers to think about the potential of digital-led organizational shifts that were not possible in the past.
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