DSDE: Features

As SPE members deal with challenging and uncertain times, they are reminded that there are a number of programs available to provide support and key resources. Read more to see which ones are useful to you and your career.

“Dark data” may be a relatively unknown term for many, even though all contribute to its growing presence. It represents data that is accumulated continually by the interconnected systems used every day. A recent survey estimated that an average of 55% of accumulated data is dark and unexplored.

Organizations interested in realizing the benefits of having data at the center of their firm will need to define numerous specific work scopes for the conversion of unstructured to structured data.

For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. So are the challenges.

Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration.

Moving away from siloed organization to the co-creation of an IT/business strategy is an important progression in the journey of digital transformation.

As industry imposes work from home, health checks, and other severe measures, could digitalization provide relief?

The chip is less than 4.5 mm across and weighs less than 2 oz. Nonetheless, it is pushing the power of artificial intelligence to the edge.

ExxonMobil’s rig automation experiment is accelerating, with plans to push the number of rigs in the system from three to nine. Drilling efficiency was improved by use of an automated pipe-handling system, which reduced the median time required for connection at one location by 20%.

Industries have gone a long way in the implementation of digital and intelligent technologies and have already realized numerous benefits. However, leaders realize that the full value of any transformation is unlikely to be achieved by implementing strategies of the past.