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Oil & gas companies today are under increasing pressure to deliver business value from capital investments in less time while ensuring the safety of workers and driving out cost. Information technologies have long played a role in enabling a manufacturing business to operate safely and profitably. Several factors now make it attractive for these and other industrial enterprises to consider externalizing their IT infrastructure to public cloud service models. With this new paradigm of cloud-based software, the IT service delivery model extends outside the traditional data center located at a plant or corporate facility. ARC Advisory Group research finds public cloud and hybrid cloud are swiftly moving front and center in reshaping the plans of plant staff, CEOs, and technology providers alike.
Enterprise software technology by itself may not be a differentiator for the Oil & Gas industry since most companies run on the same core financial systems. Today, the factors that differentiate profitable operations in both upstream and downstream operations include how rapidly they can adopt technology, improve work processes, eliminate waste, and increase technical agility.
In one example, Excelerate Energy, a global participant in the rapidly expanding LNG supply chain, has transformed its operations using the new public cloud model. By selecting this new paradigm, the company has accelerated technology deployment and created a business environment that now supports agility and rapid deployment. This approach minimizes common headaches associated with plant software and related IT infrastructure, greatly enhances agility, and offers potentially limitless capability to provide the underlying infrastructure for industrial applications in the plant; including resource-intensive advanced analytics and operational solutions.
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Keywords: SAP, AWS, Amazon Web Services, Oil & Gas, FLNG, Public Cloud Services, ARC Advisory Group.