In this week's Newsletter...
Dear member,
In any asset-driven business, asset reliability is a key performance indicator. An IBM study revealed that hybrid AI/ML models, combined with generative AI, can enable operational teams to prioritize and reduce serial failures by 25%–50% while increasing site reliability by 10%–15%.
In this week’s newsletter, we’re excited to share an exclusive case study on Advancing Gen AI-Enabled Asset Reliability at Dow, featuring insights from Technical Leaders and Executives at Dow on how Gen AI can address operational challenges such as improving data quality and streamlining processes in asset-driven industries. Dow Chemical Company is currently leveraging GenAI capabilities to automatically extract key failure information that enables the analysis of reliability metrics from multiple sources and sites - including both structured and unstructured data. Download the case study to learn more!
Additionally, while new digital capabilities offer immense benefits to the energy sector, they also present challenges that operators must navigate—especially amid increasing operational complexities. Gain insights from senior data and analytics leaders at Chevron Phillips Chemical, Dow, and more in our infographic: Top 4 Challenges Facing Data & Analytics Leaders in the Energy Sector.
Until next time,
Maryam
???Event Of The Week
For many energy companies, day-to-day workflows for managing critical operational activities rely on face-to-face communication, paper and spreadsheets. This manual way of working reduces efficiency, control, quality, compliance and response times -?and increases operating expenses.
That's why over 100 of your peers have already secured their place at the Connected Worker: Energy Summit, the energy industry's only event dedicated to transforming frontline operations, in Houston, Texas, from March 18-20, 2025. Learn more in the 2025 Event Schedule.
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"Attending the conference was a truly educational experience, providing valuable insights and knowledge. I had the opportunity to network with numerous professionals, creating connections that offer a wealth of learning opportunities for the future."
VP of Technology, Enpro
?Content Of The Week
One of the world’s leading manufacturers,?Covestro, is known within the industrial sector for consistently pushing boundaries through digital transformation and innovation. Covestro have already made considerable progress in digital advancement, and the company is now rolling out Digital Twin technology at all major locations, aiming to support safe, reliable and efficient production.
Ahead of?The Connected Worker: Energy Summit, we caught up with?Bharat Marwaha, Global Product Owner for Covestro Monitoring Platform?at?Covestro. Read as he delves into:
? The key driver behind the implementation of digital twin technology
? How effective the use of digital twin technology is in simulating the management of assets, and if there were any unexpected limitations in forecasting potential scenarios
? An example of where a simulation didn’t produce the expected results
? How Covestro has balanced the immediate costs of digital twin implementation against the long-term efficiency gains
? The next steps for improving and expanding the use of digital twins
?? Insights of the Week
???Upcoming Events
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Until next time,
Oil & Gas IQ