From onshore to offshore to petrochemical to LNG plants, nothing is more crucial for worker safety and continuity of production than predicting and preventing critical and/or catastrophic asset failures before they happen.
With SparkCognition’s machine learning-based predictive analytics, operators get additional insight that will help them avoid unexpected downtime and astronomical costs. In a past deployment, our solution successfully identified 75% of production-impacting events, on an average of 8 days in advance.
Recurring failures in assets and subcomponents drive 10% or more unexpected downtime annually and cost millions of dollars of lost production.
Our solution gives upstream, midstream, and downstream oil & gas operators invaluable advance warning to plan corrective actions and optimize maintenance scheduling for emergent asset failures—more than doubling previous lead times to address pending failures in some deployments.
Operational efficiency is critical in the oil and gas industry, and with the exceptional amount of data at hand, there are many opportunities to generate more output.
SparkCognition enables operators to leverage AI and machine learning to dramatically improve productive uptime and efficiency, reduce their carbon footprint, and leverage both predictive and prescriptive insights derived from currently collected enterprise data.
Cutting edge technologies, like AI-based predictive analytics, are key enablers to improving the efficiency of our operations and meeting our ambition to become a net zero company by 2050 or sooner. Working collaboratively with SparkCognition, we have delivered this project in an agile way.
Fereidoun Abbassian,
former VP of Transformation,
Upstream Technology at bp
Using unsupervised machine learning techniques with models that adapt and maintain themselves dynamically, SparkCognition solutions scale efficiently for onshore, offshore, FPSO, refinery, LNG, and petrochemical operations.
Without sufficient lead time in identifying future asset failures, oil and gas operators can only react—and count their losses from halted production and repairs. SparkCognition offers a scalable predictive analytics software solution using AI and machine learning to proactively mitigate equipment failure for oil and gas operations. Our solutions have enabled close to 99% efficiency in past deployments, driving hundreds of millions of dollars in increased annual production output and conserved maintenance costs.
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4030 W. Braker Lane
Building 5, Suite 500
Austin, TX 78759
This webinar will discuss the influence of artificial intelligence transformation and the most significant financial opportunities for the companies that apply this technology. Key topics include how to quickly capitalize on the fast-moving technology curve and how to develop an AI strategy based on previous implementations at some of the largest companies in the world.
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