CTO Straight Talk - Issue 3 - 44

STRAIGHT TALKING

T

HE TRENDS DRIVING THE
EMERGENCE OF DIGITALIZATION

There are three specific
technology trends that are
driving the realization of the vision for
digitizing the oil and gas industry. First,
the cost of communications has gone
down significantly around the world and
on average is an order of magnitude
lower. Cell phones and even smart
phones have become ubiquitous, not
only in the developed world but even in
emerging markets such as Africa. As a
result, people are consuming more data
and the infrastructure is becoming more
available; therefore, the cost of acquiring
data has dropped significantly. What
was prohibitive 10 years ago has become
trivial today.
Second, the arrival of the cloud, once
a vague concept and now a pillar of
business and industry, has also
dramatically transformed innovation
and the consumption of information
technology. Now you can buy capacity
à la carte, which is to say you don't need
captive investments for storage and
computing to do your number crunching.
What you need is delivered on demand
and doesn't sit around unused, tying
up capital.
In particular, cloud has changed the way
we use supercomputers. Now, if you want
to run a computer-intensive task such
as sophisticated weather modeling on
a pipeline or demand simulation on an
electrical grid, you won't run into problems
with CPU capacity. You can develop and
run any analytics models and the required
computer capacity spins up on the cloud.
And now, the cloud is going industrial
strength. In order to process the extreme
quantities of data from industry, we need
a heavy-duty cloud to safely and securely
house data, enabling unlimited analytics.

44

The third trend driving digitalisation in
the oil and gas industry is that in some
sense almost all machines are getting more
intelligent and more software defined.
Whether you are looking at a "big iron"
product like a consumer Christmas
tree, a blowout preventer stack used to
seal, control, and monitor billion-dollar
oil or gas wells, or a new car, there is
intelligence everywhere. With all its
built-in technology, a Tesla automobile is
almost like an iPad with wheels!
The fruits of these enablers are everywhere.
In the case of a digitized and connected
oil field, we can now create Web-based
visualization environments that can help
lower IT costs while providing widely
dispersed teams anywhere in the world
with a shared vision of models and data.
The ability to scale performance and
add functionality is available at almost
any location.

A

FORMULA FOR
APPLYING TECHNOLOGY

While technology is an ever
potent enabler and the key to
solving our challenges, it is a doubleedged sword. Technology comes with
costs, risks, and uncertainty. Going it
alone is still expensive, potentially risky,
and increasingly unnecessary.
One of the most powerful options is
partnering. Most organizations have
acquired at least some elements of the
NIH, or "not-invented-here," syndrome.
It is an attitude that proclaims pride of
authorship over quality of result and it
is at the root of much of the resistance
to partnering.
At GE, we have come to embrace
partnerships, which we also describe as
alliances and ecosystems. We pursue
these relationships with both customers



CTO Straight Talk - Issue 3

Table of Contents for the Digital Edition of CTO Straight Talk - Issue 3

Contents
CTO Straight Talk - Issue 3 - Cover1
CTO Straight Talk - Issue 3 - Cover2
CTO Straight Talk - Issue 3 - 1
CTO Straight Talk - Issue 3 - Contents
CTO Straight Talk - Issue 3 - 3
CTO Straight Talk - Issue 3 - 4
CTO Straight Talk - Issue 3 - 5
CTO Straight Talk - Issue 3 - 6
CTO Straight Talk - Issue 3 - 7
CTO Straight Talk - Issue 3 - 8
CTO Straight Talk - Issue 3 - 9
CTO Straight Talk - Issue 3 - 10
CTO Straight Talk - Issue 3 - 11
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CTO Straight Talk - Issue 3 - 44
CTO Straight Talk - Issue 3 - 45
CTO Straight Talk - Issue 3 - 46
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CTO Straight Talk - Issue 3 - 65
CTO Straight Talk - Issue 3 - Cover4
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https://magazine.straighttalkonline.com/cto/issue3
https://magazine.straighttalkonline.com/cto/issue2
https://magazine.straighttalkonline.com/cto/issue1
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