Data is continuously collected, whether it is generated from online shopping transactions or Internet of Things (IoT) devices in industrial environments.
Fortunately, every industry in the world can take advantage of this trend, and many are already taking advantage of it. In the oil and gas sector, continuous data communication is now essential to maintaining a full view of operations. But the industry is still missing out on an important opportunity that comes with data: operating at the edge.
As the clean energy transition spreads around the world, the energy sector is undergoing tremendous change. The oil and gas industry’s efforts to decarbonize its value chain and operations require data and high-performance AI solutions running on edge computing. It’s time for businesses to harness data and bring their oil and gas operations to the edge. This is the only way industry-wide to increase efficiency and reduce latency.
say goodbye to cloud
Organizations that rely on edge computing can keep their data at the edge of their infrastructure to alleviate issues related to bandwidth scarcity when large packets of information send data across a global network. Unlike the slow process of offloading to cloud data centers, edge computing saves time by enabling data processing without latency.
Edge computing is also designed for resource efficiency. Moving operations to the edge enables a digital-first paradigm. This allows organizations to monitor their operating networks while processing data locally and reducing energy use. The increased data efficiency and resilience resulting from these changes has also been accompanied by new technologies such as drones that rely on edge computing by some energy leaders.
IT Infrastructure Cost Reduction
Cost reduction is a must for many companies as the industry faces difficult geopolitical conditions and volatile commodity prices. An integrated edge computing solution saves organizations both time and money by taking data processing closer to where it is generated, such as on a drilling platform or in the field. By lowering network bandwidth and reducing data center costs, companies can instead place resources where they are needed most.
Unplanned downtime is costly to oil and gas companies. One day of downtime can cost you up to $25 million. It is clear that there are significant benefits to reducing processing demands on IT infrastructure and avoiding shutdowns with edge computing.
Energy leaders who take steps to invest in the right edge computing solutions strengthen their organizations by adding agility, resiliency and efficiency. This applies to all businesses in power generation, from oil and gas to renewable energies such as solar and wind.
Application of new edge computing solutions
The recent increase in edge deployment is no mystery. However, leaders must be cautious about how they execute the transition to edge computing. When planning these changes, it’s important to rely on solutions that provide resiliency and connectivity to avoid downtime. Edge sites must be isolated from environmental hazards such as water and dust, and must have a cooling infrastructure for temperature and humidity control. Local edge IT installations at offshore sites may have poor utility power quality, so they must include a reliable power source such as an uninterruptible power supply (UPS) system to ensure consistent power distribution to the equipment.
Another critical component of a successful edge site is an infrastructure asset monitoring system with edge resources that support continuous remote monitoring and autonomous operations. Monitoring systems are critical because they can detect and correct problems before they occur, ensuring business continuity even in the harshest environments.
By bringing oil and gas operations to the edge, energy leaders will experience improved operational efficiencies and increased profitability. Edge computing opens the door to efficient, green performance that empowers employees and provides always-on capabilities.
About the author
Eli Daccach is Schneider Electric’s Global Business Development Leader for Industrial Sector Security Power. He has been with the company since 2011, holding various roles such as Automation Specialist, Application Engineer and Motion Delivery Team Leader in Canada’s Industrial Automation Division before moving to the United States to join the Energy Management Division. He is the Strategic Marketing Manager for Industrial Edge Computing and Data Centers.
Eli holds a B.Sc. MBA in Electrical Engineering and Marketing.
Featured image: ©Photocreo Bednarek