Hemant Kumar, Regional Production Advisor, ME, North Africa and Asia Pacific, Halliburton speaks up to CXOTV.News about Maximizing and Growing Existing Assets Through Digital Intelligence.
There are technologies, it is very easy to access those but you have to start with business problem, you need to have the right people and then take a systematic approach towards solving that problem and that’s how get the business value from digital. It is not about technology it is about enabling your people and process and there are certain things that needs to be taken care of if companies want to get successfully digital like getting the leadership behind the digital initiatives, getting the commitments, having the right stake holders alignment, having the right skills, also having the right technology platforms which can talk to multiple systems and enable companies to scale their digital initiatives to the enterprise.
How cloud adoption is helping in reducing Geo computing time?
It is very obvious that cloud gives the flexibility to ramp up without really investing in the capital and the expenses can be cut short. The amount of data collected can run into terabytes and in some cases petabytes so you got to have the right infrastructure to process the data very quickly and get the results out. Having those computing resources in cloud allows companies to get extra computing power at the drop of haps without really having to buy new equipment and getting them shift to the companies so that way it is a very powerful.
What should be the digital mandate for exploration and emerging Geo technical workflow?
The biggest opportunity for digital in that area is reducing the cycle time so today it takes somewhere between 18- 24 months to get delivered to the company, interpret it and see the results. There are lots of opportunities for compressing the cycle time and there are lot of exciting technologies coming up like cloud, big data and even drones which makes it possible so there are some innovations happening which actually are targeting the cycle time and bringing it down to let’s say 15 months to 4-5 months. The companies have got to start looking at those technologies but at the same time it’s all about starting with the business problem and seeing what is the best way to address those with the technologies as it is not a constrain anymore, it is more of an enabler. Also, it is all about showing the willingness to trying something new and then go from there.