According to a report in 2017, a typical offshore platform runs at about 77% of its maximum production potential. To fix the offsets, the Oil & Gas industry has decided to set its foot in predictive analysis namely- predictive maintenance, predicting supply & demand, and streamlining routine processes. Predictive Analytics along with Predictive Maintenance helps track historical operations of each asset and compares it to the real-time operational data to detect even the precise changes in equipment behavior. Together, this helps the plant to be proactive and reduce unscheduled downtime. Altogether, this can help them be extravagantly efficient and reduce the operational cost.
"Tvarit has one of the best artificial intelligence technologies that I have ever seen".
Learn more on what Prof. Aitor Goti Elordi, Director of the Digital Industry chair of the University of Deusto, has to say about his experiences in working with Tvarit.