An integrated oil and gas major approached ADI Analytics for a technology assessment study regarding non-destructive testing for subsea pipelines. ADI was able to assist by:
- Estimated most likely market size by quantifying risk and using Monte Carlo simulation
- Developed s-curve adoption rate based on other adoption rates of comparable subsea oil and gas technologies to enhance market sizing model
- Identified and evaluated competing technologies and companies for strengths and weaknesses
- Conducted voice-of-customer research to further understand operator’s thoughts on the viability of the technology
The client is currently evaluating whether or not to move forward with investment into the technology.