At the 2024 ADI Forum, Sheldon Harbinson, VP, Americas, CMG; Soudip Chowdhury, CEO, Eugenie; and Rohan Irvin, Senior Engineer, ResFrac joined Panuswee Dwivedi, Project Manager, ADI Analytics, for a panel discussion about how digitalization is advancing in oil & gas. The conversation explored digitalization transforming oil & gas. They discussed the increasing adoption of digitalization with a broad range of capabilities from data collection to real-time analytics. Success hinged on operators taking small, incremental steps. The key constraints included data security concerns, uncertainty about value propositions, and the need for new technology training.
Case studies highlighted the use of machine learning for predicting equipment failures (even small ones in refineries) and optimizing operations. There is a projected 70% annual market growth for such tools through 2025. The panel members highlighted the need for better data and real-time insights. They emphasized a focus on measurable ROI that links digital initiatives to both operational efficiency and sustainability. This is particularly important in areas like emissions reduction and capital deployment.
About ADI Analytics
ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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