Digital Twins in the oil & gas industry

In a complex environment where safety and availability are paramount, predictive analytics drives downtime reduction in the oil & gas industry. Digital Twin driven solutions require a dedicated solution strategy – one that ensures business value creation and guarantees long-term success.

Predictive analytics can provide significant benefits in reducing scheduled and unscheduled downtime and reducing overall equipment operating costs.

Often this links to the concept of Digital Twins – That is, the creation of a dynamic virtual representation of a physical object or system across its lifecycle, using real-time data to enable understanding, learning and reasoning.

Digitalization hand image
 

One of the primary aspects in maximizing future usability of Digital Twin driven solutions is the openness and scalability of the complete Industrial Internet of Things (IIoT) stack – from data-capturing, communication, storage, processing and analytics, to user interfacing.

Selecting solution elements which fit into an open architecture allows continual alignment with evolving IT and OT environments. Thus giving the ability to interface different functional elements of the digital solution in line with the current and future business needs (Figure 1).

 

Figure 1
 
 

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